What you get
Term loan of up to ₹5,00,000/- as a part of the total project cost / loan demanded by the aspirant applicants/beneficiaries on case to case basis. | _Repay the loan in 60 monthly installments over five years with a six-month moratorium period._ | _For Persons with Disabilities, the maximum repayment period is ten years with a three-month moratorium period._
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the income limit for Other Backward Class applicants?
The annual family income for Other Backward Class applicants should not exceed [?]1,20,000/- per annum.
Is there an income limit for Safai Karamcharis applying for the loan?
No, there is no income limit for Safai Karamcharis applying for the loan.
Can someone who has defaulted on a previous loan apply for this loan?
No, applicants who have been declared defaulters under any scheme of DSFDC, Nationalized Banks, Financial Institutions, or Co-operative Banks are not eligible.
What is the process for Minority applicants to prove their community status?
Minority applicants must submit an affidavit declaring that they belong to a particular Minority community.
Are photographs of the workplace required with the application?
Yes, photographs of the workplace from different angles, showing its location and area, along with the applicant, are required.
What is the role of a guarantor in the loan application process?
A guarantor must provide their details, including photographs, undertaking, latest pay slip, and other documents, to support the applicant's loan application.
How many guarantors are required for the loan application?
The number of guarantors may vary depending on the loan amount, but they must be regular government or Public Sector Undertaking employees with at least six years of service remaining.
What is the repayment period for the loan?
The loan is to be repaid in 60 monthly installments over five years, with a six-month moratorium period.
Is there a different repayment period for Persons with Disabilities?
Yes, Persons with Disabilities have a maximum repayment period of ten years with a three-month moratorium period.
What is the maximum loan amount available under this scheme?
The maximum loan amount available under this scheme is [?]5,00,000/-.
Can the loan be used for setting up a manufacturing unit?
Yes, the loan can be used for setting up a manufacturing unit, provided the workplace is in an approved industrial area.
What is the moratorium period for loan repayment?
The moratorium period for loan repayment is six months, except for Persons with Disabilities, who have a three-month moratorium period.