New Swarnima Loan Scheme of National Backward Classes Finance and Development Corporation

Objectives

Inculcating the spirit of self-dependence among the women of Backward Classes under Term Loan.

Eligibility

• The women belonging to Backward Classes as notified by the Central/ State Governments from time to time shall be eligible for loan under this scheme.
• Applicant’s annual family income should be less than Rs.3.00 Lakh. 

Salient Features

• The target group of the “New Swarnima” scheme of NBCFDC is the women belonging to Backward Classes having annual family income less than Rs.3.00 Lakh.
• The beneficiary women is not required to invest any amount of her own on the projects up to cost of Rs.2,00,000/-.
• The rate of interest on the amount of loan is less as compared to the general loan scheme of the Corporation.
• Maximum Loan Amount :Rs. 2.00 Lakh (per beneficiary)
• Pattern of Financing
  • NBCFDC Loan  : 95%   
  • Channel Partner Contribution: 05%
• Rate of Interest
  • From NBCFDC to Channel Partner :2% p.a.
  • From Channel Partner to beneficiary : 5% p.a.
• Repayment - Loan is to be repaid in quarterly instalments with maximum 8 years (including the moratorium period of six months on the recovery of principal).

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