To provide prompt and need based micro finance to eligible scheduled caste persons at reasonable rate of interest through NBFC-MFIs to pursue small/micro business activities.
Maximum Loan Limit: NSFDC provides loan up to 90% i.e. up to Rs. 1.25 lakhs for projects costing up to Rs. 1.40 lakhs
Rate of Interest: The NSFDC shall charge interest @ 5 % from the NBFC-MFIs, which in turn, shall charge 15% from the Beneficiaries
Repayment Period: The loan is to be repaid in quarterly instalments within a maximum period of three years from the date of each disbursement including 3 months moratorium period.
Government of India
