Self-employment
loan for Other Backward Classes and Minorities:
(a) Up to Rs. 1,00,000 (Under Noramal Conditions)
The scheme is to promote self-employment among the members of the
Other Backward Classes and minorities. Any viable projects can be considered
under the scheme.
(b) above Rs. 1,00,000 /- and upto Rs. 5,00,000/- (Subject to availability of funds and approval from National Agencies)
Pattern of financing:
National Agency contribution 85%
KSBCDC contribution 10%
Beneficiary contribution 5%
Eligibility Criteria
1. The applicant must belong to any one of the notified Other Backward Classes/Minorities
of the state.
2. The annual family income of the applicant for NMDFC schemes must
be below Rs.55,000/- in urban areas and Rs.42,000/- in rural areas.
For NBCFDC schemes the amount will be Rs.55,000 and Rs.40,000 respectively.
3. Age of the applicants must be between 18 and 55.
Rate of interest and repayment
Loan amount up to Rs.5,00,000/- : 6%
The entire loan amount shall be repaid within a period of not exceeding
60 months in equated monthly installments. The minimum period that
can be allowed for repayment is 36 months. In the case of deserving
schemes repayment period up to 90 months will be allowed. |