SUBSIDY LOAN SCHEME FOR YOUNG PROFESSIONALS by Ministry of Social Justice and Empowerment

A Subsidy loan Scheme for Schedule Castes, Safai Karamcharis Families, Other Backward Classes and Physically Disabled YOUNG PROFESSIONALS such as Doctors, Engineers, Pathologist, Advocates, Chartered Accountants, Physiotherapist, Pragmatist and Architect etc., has been announced by Government of India recently.

National Schedules Caste Finance & Development Corporation:

Website : www.nsfdc.nic.in

Schedule Caste Professional with annual income for Rural area Rs.40000/- & Annual Income for Urban areas Rs.55,000/- are eligible to start an Enterprise as below

Unit Rate upto Rs.30.00 lakhs
Loan Amount upto 90%
Promoter’s Contribution 2 to 10%
Subsidy BPL Beneficiary Rs.10,000/-
Interest Rate Depending on the Loan amount 6 to 10% per year
Repayment period upto 10% years.
National Safai karamcharis Finance & Development Corporation

Website : www.nskfdc.nic.in

Professional from Safai Karamcharis, scavengers are eligible to start an Enterprise as below

Unit Rate upto Rs.10.00 lakhs
Loan Amount upto 90%
Promoter’s Contribution upto 10%
Interest Rate 6 % per year
Repayment period upto 10% years.
National Backward Caste Finance & Development Corporation

Website : www.nbcfdc.org.in/

Backward Caste Professional with annual income for Rural area Rs.40000/- & Annual Income for Urban areas Rs.55,000/- are eligible to start an Enterprise as below

Loan Amount upto Rs.5.00 lakhs
Promoter’s Contribution 5%
Interest Rate 5 to 6% per year
Repayment period upto 10% years.
National Physically Challenged Finance & Development Corporation

Website : www.nhfdc.nic.in

Professionals with disability more than 40% & annual income for Rural areas Rs.3 lakhs & disability more than 40% & annual income for Urban areas Rs.5 lakhs are eligible to start an Enterprise as below

Loan Amount upto Rs.25.00 lakhs
Promoter’s Contribution 10%
Interest Rate Depending on the loan amount 4 to 8% per year
Repayment period upto 10% years.