National Handicapped Finance and Development Corporation (NHFDC) is an Apex corporation under the aegis of Department of Empowerment of Persons with Disabilities (Divyangjan), Ministry of Social Justice & Empowerment and is working since 1997.
It is registered as a company not for profit and provides financial assistance to the Divyangjan/Persons with Disabilities (Divyangjan/PwDs) for their economic rehabilitation and provides number of skill development programmes to empower them to grow & sustain their enterprises.
1. Divyangjan Swavalamban Yojna
The main objective of the Scheme is to assist the needy disabled persons by providing concessional loan for economic and overall empowerment.
Eligibility criteria :
Amount of Loan
The upper limit to extend concessional credit through various NHFDC schemes would be Rs.50.0 lakhs per beneficiary/unit. The actual loan amount within the upper limit of Rs.50.0 lakhs shall be determined by implementing agencies based on the needs of the activity/project being funded as well as repaying capacity of the borrower within the maximum repayment period. The rate of interest varies from 5 to 9 % based on the quantum of loan amount.
2. Vishesh Microfinance Yojana
To provide prompt and need based finance for the target group and activities at reasonable rate of interest throughNBFC- MFI, Section-8-MFI, and NGO-MFI, SHG Federations, state Government Missions and other state level organizations to pursue small/micro business and developmental activities.
Eligibility norms as followed by SIDBI or NABARD from time to time, for such categories of microfinance lending organizations, would be followed. The eligibility norms shall be deliberated and recommended by the Loan Screening Committee of the NHFDC based on the prevailing eligibility norms of the SIDBI or NABARD.
3. Educational loan
1. Application through State Channelising Agencies
The National Handicapped Finance and Development Corporation extends loan to the persons with disability through the State Channelising Agencies nominated by the respective state governments/U.T.s
Applications on prescribed format are submitted through the State Channelising Agencies. Projects upto Rs. 10.0 lakh are sanctioned by State Channelising Agency and projects more than Rs. 10.0 lakh are sanctioned by NHFDC.
Click Here to get the contact details of the State Channelising Agencies of your State
2. Nationalised Banks / Regional Rural Banks-
The National Handicapped Finance and Development Corporation extends loan to the persons with disability through Punjab National Bank, Andhra Bank, IDBI Bank and also through Regional Rural Banks in the State of Haryana, Gujarat, Uttar Pradesh and Uttaranchal.
For very poor borrowers, the corporation has Micro Financing Scheme. Under the scheme, the NGOs will submit their application to the respective State Channelising Agencies in the prescribed application form along with all relevant details & documents.
To download the application form Click Here
To download the circular of Banks Click Here
Call the Tollfree NO.1800 11 4515 (9:30am to 5.30pm) for more details.
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