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Credit Based Schemes For SC – Micro Credit Finance

Ministry/Agency:

  • Ministry of Social Justice and Empowerment

Objectives:

  • To provide financial assistance for small income generating activities
  • To promote entrepreneurship among Scheduled Caste entrepreneurs
  • To support economic development of Scheduled Caste communities

Benefits:

  • Financial assistance up to 90% of project cost of Rs. 1,40,000 for small income generating activities
  • Interest rates chargeable at 5%
  • Repayment period of within 3 and ½ years, in quarterly installments from date of each disbursement including moratorium period
  • Eligible beneficiaries can avail any loan under NSFDC scheme on repayment of loans under Micro-Credit through the concerned SCAs

Eligibility:

  • Entrepreneurs of the Scheduled Caste Category

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