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SELF EMPLOYMENT PROGRAMS

Loan Schemes

LOAN SCHEMES

SCHEMES FOR FORWARD CLASSES (Financial Assistance from State Government)

Loans are granted to economically weaker women of general/ forward communities for self employment.
Eligibility of the beneficiary:
The loan shall be granted to women members of general category
Income of the applicant’s family should be below double the poverty line i.e. Rs. 1,03,000/- p.a. in urban and Rs.81,000/- p.a. in rural areas.
The age in between 18 and 55 years.
Deed or salary certificate as security
Any income generating projects is eligible for loan.

Maximum loan amount that can be availed:
Maximum loan amount is Rs 2,00,000/- . The entire loan amount for women of general communities has to be met from the fund provided by the State Government. 95% is proposed to be channelized under the plan scheme of the State Government and the balance 5% as beneficiary contribution.
Rate of Interest and Repayment mode:
Loans are extended at 6% interest p.a. to be repaid in 60 monthly instalments.

SCHEMES FOR BACKWARD CLASSES (Financial Assistance from NBCFDC)

Under this scheme, women belonging to the backward classes are provided with the loan for opening or developing of a venture.

Scheme no. 1

TERM LOAN/MARGIN MONEY LOAN

Self-employment loan up to a maximum of Rs. 2 Lakh
The scheme is to promote self-employment among the members of the Backward Classes. Any viable projects can be considered under the scheme.
Beneficiary contribution need not be collected from the beneficiary under this scheme. The beneficiaries are expected to utilize the amount along with the loan amount for the project. The maximum loan that can be disbursed under this Scheme is 85% of the project cost or Rs.10,00,000/- whichever is lower and is limited to the amount requested by the beneficiary.
The following pattern of financing is ordinarily envisaged in such proposals.
NBCFDC contribution : 85%
KSWDC contribution : 10%
Beneficiary contribution : 5%
Eligibility Criteria
1. The applicant must belong to any one of the notified Backward Classes of the state.
2. The annual family income of the applicant must be below Rs.1,20,000/- in urban areas and Rs.98,000/- in rural areas.
3. Age of the applicants must be between 18 and 55.
4. The applicant should not be a beneficiary to any of the Self Employment loan under any scheme of any other Corporation/Bank/Agency
Rate of interest
For loan amount up to Rs.5 Lakh : 6%
For loan amount above Rs.5 Lakh : 8%

Scheme no. 2

NEW SWARNIMA SCHEME FOR WOMEN
(Special Self-Employment Scheme for Backward Class Women)
New Swarnima Scheme is special scheme for women belonging to Backward Classes and who are living below double the poverty line. The objective of the scheme is to develop self reliance amongst women beneficiaries of the target groups by facilitating easy credit facilities for setting up viable economic activities.
ELIGIBILITY
1. The loan shall be extended to the women of Backward Classes as notified by State Governments from time to time.
2. The Backward Class women living below double the poverty line are eligible to get loan under this scheme (whose annual family income is below Rs.98,000/- in rural areas and Rs.1,20,000/- in urban areas.
3. Age of the applicants must be between 18 and 55.
4. Preferences should be given to widows, deserted and handicapped women. If selection is required, then annual family income of the applicant should be taken as major criteria.
QUANTUM OF LOANS AND PATTERN OF FINANCING
Maximum loan amount available under New Swarnima Scheme is Rs.1,00,000/- (Rupees One Lakh only) per beneficiary.
The pattern of financing is envisaged as under:
1. NBCFDC share – 95%
2. KSWDC share – 5%
3. Beneficiary Contribution – NIL
Rate of Interest : 5%
REPAYMENT

Loan is to be repaid in quarterly instalments with maximum 10 years (including the moratorium period of six months on the recovery of principal).

Scheme No.3

EDUCATION LOAN SCHEME FOR BACKWARD CLASSES
Towards the fulfilment of the overall objectives of empowerment and development of Backward Classes in the country, KSBCDC promises financial assistance on loan basis to eligible beneficiaries.
OBJECTIVES
To extend Education loan to the members of Backward Classes for pursuing Professional or Technical education at graduate and higher level.
ELIGIBILITY
i) The loan shall be granted to members of backward classes, as notified by State Government from time to time.
ii) The annual income of the applicant’s family should be below double the poverty line i.e., Rs.98,000/- p.a. in rural areas and Rs.1,20,000/-p.a. in urban areas.
iii) The applicant should have obtained admission for any Professional/Technical Courses through Entrance Test/ Merit based selection process. Course should be approved by appropriate authority such as AICTE, Medical Council of India, UGC etc.
iv) Priority will be given to women, physically impaired and dependent of war widows.
v) Distant education/Off-campus programmes are not covered under this scheme.
vi) Age Limit : 16-32

COURSES COVERED
All professional and technical courses at graduate and higher level approved by appropriate authority such as AICTE, Medical council of India, UGC etc.

PURPOSE OF LOAN

Admission fee & Tuition fee
Books, Stationery & other instruments required for the course
Examination fee
Boarding & lodging expenses
Insurance premium for student borrower for policy during the loan period.
Travel expenses/passage money for studying aboard
MAXIMUM LOAN LIMIT
90% of the expenditure of the course subject to maximum loan limit of RS.10 lakh per student or Rs.2.50 lakh p.a. (for studying within India) & 85% of the expenditure of the course subject to maximum of Rs.20 lakh per student (for studying abroad), the balance will be borne by student/SCAs.

Rate of interest: 3.5% for Girls
REPAYMENT PERIOD
The moratorium, besides being co-terminus with the course for which loan has been obtained by the students, will have a further six months period for starting repayment after the completion of the course.

SECURITY & MONITORING OF EDUCATION LOANS

The SCAs would ensure security of loan, tracking of beneficiaries’ students and their monitoring during the loan period. The Education loan scheme would envisage providing education loan to the eligible students pursuing their higher professional courses in approved institutions only.

MICRO FINANCE SCHEME

Scheme 1
Micro Financing through SHGs
In order to cater to the Micro Finance needs of small entrepreneurs belonging to the target group, the corporation has introduced a scheme for micro financing through nominated channelling agencies. It is desirable to disburse loans through self help groups by SCAs under micro finance scheme. This scheme is carried out through legally registered SHGs which consist of up to 20 persons.
Eligibility Criteria
1. The applicant must belong to any one of the notified Backward Classes of the state.
2. The annual family income of the applicant must be below Rs.1,20,000/- in urban areas and Rs.98,000/- in rural areas.
3. Age of the applicants must be between 18 and 55.
4. In a SHG 75% of members can be from backward classes and remaining 25% members may be from other weaker section including SC/ST/handicapped etc.
Maximum Limit of Loan
The maximum amount of loan that can be extended is Rs.50,000/- per member of the group.

Pattern of Finance
i) NBCFDC Loan : 90%
ii) KSWDC Loan : 5%
iii) Beneficiaries Contribution : 05%
Rate of Interest – 5% p.a.

REPAYMENT PERIOD

Loan is to be repaid in quarterly instalments within 48 months (including the moratorium period of six months on the recovery of principal)

Scheme 2

MAHILA SAMRIDDHI YOJANA

(Micro Finance Scheme for women)
To provide micro finance to women entrepreneurs belongings to the target group. This scheme is carried out SHGs which consist of up to 20 persons.
Eligibility Criteria
1. The applicant must belong to any one of the notified Backward Classes of the state.
2. The annual family income of the applicant must be below Rs.1,20,000/- in urban areas and Rs.98,000/- in rural areas.
3. Age of the applicants must be between 18 and 55.

Maximum Limit of Loan
The maximum amount of loan that can be extended is Rs.50,000/- per member of the group.
Pattern of Finance
i) NBCFDC Loan : 95%
ii) KSWDC Loan/beneficiary contribution : 5%
Rate of Interest – 4% p.a.

REPAYMENT PERIOD

Loan is to be repaid in quarterly instalments within 48 months (including the moratorium period of six months on the recovery of principal)

SCHEMES FOR MINORITY COMMUNITY (Financial assistance from NMDFC)

Scheme No.1
TERM LOAN
1.Self-employment loan up to a maximum of Rs.10,00,000/-
The scheme is to promote self-employment among the members of the minority communities. Any viable projects can be considered under the scheme.
The following pattern of financing is ordinarily envisaged in such proposals.
NMDFC contribution : 90%
KSWDC contribution : 5%
Beneficiary Contribution : 5%
Beneficiary contribution need not be collected from the beneficiary under this scheme. The beneficiaries are expected to utilize the amount along with the loan amount for the project.
The maximum loan that can be disbursed under this Scheme is 95% of the project cost or Rs.10,00,000/- whichever is lower and is limited to the amount requested by the beneficiary.
Eligibility Criteria

1. The applicant must belong to the minority community as notified by central Government and state government from time to time.
2. The annual family income of the applicant must be below Rs.1,03,000/- in urban areas and Rs.81,000/- in rural areas.
3. Age of the applicants must be between 18 and 55.
4. The applicant should not be a beneficiary to any of the Self Employment loan under any scheme of any other Corporation/Bank/Agency
Rate of interest – 6%

Scheme No.2

EDUCATION LOAN SCHEME FOR MINORITY COMMUNITIES.

NMDFC introduced the Educational Loan Scheme with the objectives to facilitate job oriented education amongst the weaker section of the Minorities.
OBJECTIVES
The identified courses should be such which have the utmost probability of equipping the beneficiaries for jobs, and should be shorter duration at the most 5 years. Educational loan should be given for courses, which are within the reach of the targeted group and have the least possibility of being misused.

ELIGIBILITY

i) The applicant should belong to the notified Minority Communities.
ii) The annual family income of the applicant must be below Rs.1,03,000/- in urban areas and Rs.81,000/- in rural areas.
iii) The applicant should be in the age group of 16-32 years.
iv) Confirmed admission in the intended course is the basic requirement for availing the loan. However, application for loan can be made in anticipation of admission. Similarly, loan can also be sanctioned in anticipation of admission.
v) Women and Physically challenged candidates would be given preference.
vi) Selection out of the eligible candidates will strictly be on merit.

ELIGIBLE COURSES

i) The course of study should have good potential in the job market. Any Technical/Professional courses including Diploma & Degree courses may be considered.
ii) The duration of the course will not exceed five years. However, shorter duration courses may be preferred.
iii) The College/Institute should have been offering the courses for the last 3 years and should be recognized by the Central/State Government or by appropriate authority such as AITCE.
PURPOSE OF THE LOAN AND MAXIMUM LOAN AMOUNT
Loan will be admissible for expenditure on the following items:
i) Admission fee and tuition fee.
ii) Cost of books, stationery and other instruments required for the course.
iii) Examination fee
iv) Boarding and lodging expenses. The loan amount must be limited to actual expenditure, subject to a maximum of Rs.50,000/- per annum, for a course of maximum five years duration. Maximum loan amount shall be Rs.2.50 lakhs.

TERMS OF RELEASE OF LOAN

i) Admission fee, tuition fee, examination fee and similar expenditure will be paid by account payee cheque in the name of applicant and co-borrower
ii) The loan will be released in instalments on trimester/semester/annual basis depending upon the system of the concerned College/Institute. The subsequent release of loan will depend upon successful completion of the previous term. A certificate in this regard may be obtained from head of the institute.
PATTERN OF FINANCE
NMDFC Share – 90%
KSWDC Share – 10%

RATE OF INTEREST : 3%

Scheme 3
MICRO FINANCE SCHEME [Loan through NGOs]

The concept of micro finance for self-employment loans involves financing for small-scale enterprises either individually or in groups. This scheme is carried out through legally registered NGO/SHGs which consist of upto 20 persons. The group should be homogenous with about 75% of the members belonging to minority community.
Eligibility of the beneficiary:
The loan shall be granted to women members of minority classes, as notified by Central Govt. and State Govt. from time to time.
The family income of the applicant must be below Rs.81,000/-p.a in rural areas and Rs.1,03,000/- p.ain urban areas.
The applicant should be in the age group of 18-55 years.
NGOs registered for more than three years, will be eligible for assistance for their SHGs.
SHGs which have been functioning for more than three years can only be considered for financial assistance under micro finance scheme of NMDFC.
In a SHG 75% of members can be from minority community and remaining 25% members may be from other weaker section including SC/ST, other backward classes and disabled persons.
All participant members will be jointly and severally responsible for repayment of the loan.

Maximum loan amount that can be availed:
The maximum amount of loan that can be extended is Rs.50,000/- per member of the group i.e. a group of the participant members can be given a maximum loan of Rs.10.00 lakhs.
PATTERN OF FINANCE
NMDFC Share – 90%
KSWDC Share – 5%
Beneficiary share – 5%

Rate of Interest and Repayment mode:
The interest rate is 6% and the loan is to be repaid in 36 installments.

LOAN SCHEMES FOR SCHEDULED CASTE (NSFDC SCHEMES)

Scheme 1

SELF-EMPLOYMENT LOAN SCHEME

Eligibility Criteria
The loan shall be granted to women members of scheduled classes as notified by the central government and state government from time to time.
The family income of the applicant must be below Rs.98,000/- p.a in rural areas and Rs. 1,20,000/- p.a in urban areas.
Applicant must be in the age group of 18-55 years.

Maximum Amount of Loan
The maximum amount under this scheme is Rs. 2,00,000/-. 90% of the project cost is made available by the National Corporations; 5% by state government & 5% is beneficiary contribution.

Rate of interest and Repayment
Loans are extended at 6% interest p.a to be repaid in 60 equal monthly instalments. The minimum time of repayment is 36 months.
PATTERN OF FINANCE
NMDFC Share – 90%
KSWDC Share – 5%
Beneficiary share – 5%

Scheme 2

MICRO CREDIT FINANCE SCHEME (MCF)
Eligibility Criteria
The loan shall be granted to women members of scheduled classes as notified by the central government and state government from time to time.
The family income of the applicant must be below Rs.98,000/- p.a in rural areas and Rs. 1,20,000/- p.a in urban areas.
Applicant must be in the age group of 18-55 years.

Maximum Amount of Loan
The maximum amount under this scheme is Rs. 2,00,000. 90% of the project cost is made available by the National Corporations; 5% by state government & 5% is beneficiary contribution.
Rate of interest and Repayment

Loans are extended at 5% interest p.a to be repaid in 60 equal monthly instalments. The minimum time of repayment is 36 months.
PATTERN OF FINANCE
NMDFC Share – 90%
KSWDC Share – 5%
Beneficiary share – 5%

Scheme 3

LAGHU VYAVASAYA YOJANA (LVY)
Eligibility Criteria

The loan shall be granted to women members of scheduled classes as notified by the central government and state government from time to time.
The family income of the applicant must be below Rs.98,000/- p.a in rural areas and Rs. 1,20,000/- p.a in urban areas.
Applicant must be in the age group of 18-55 years.

Maximum Amount of Loan
The maximum amount under this scheme is Rs. 2,00,000. 90% of the project cost is made available by the National Corporations; 5% by state government & 5% is beneficiary contribution.
Rate of interest and Repayment
Loans are extended at 6% interest p.a to be repaid in 60 equal monthly instalments. The minimum time of repayment is 36 months.
PATTERN OF FINANCE
NMDFC Share – 90%
KSWDC Share – 5%
Beneficiary share – 5%

Documents to be submitted for availing the Loan

Documents to be produced for verification at the time of scrutiny:

Ration card (for verifying the name, income and the details of loan availed from any other financial institution.)
Age certificate (School certificate or Election Identity card or any other valid identity card).
School leaving certificate as proof of Caste/Religion. If there is any doubt regarding the caste (whether OBC or not) a certificate from the village officer should be submitted.
Certificate to prove technical qualification/experience required, if any (for e.g. Computer qualification, Type writing, Medical lab etc)
No Dues certificate from other financial agencies for the loans availed by the applicant if required.
Annual Family income Certificate from Village Officer.

Condition pertaining to the Security of the Loan

Surety of the employee working under Government/ Government owned institution or land security should be submitted as surety for the Loan.

The surety of permanent /officiating employees working in Govt., Quasi Govt., public sector, Autonomous bodies, Govt. Owned companies, Service cooperative banks, Aided schools & Colleges etc. could be accepted. Surety of Private sector employees will not be accepted.
The tenure of service period of the surety should be 3 years more than the payback period of the loan availed.
Surety of one loan should not be encouraged to undertake another loan before closing the prior one. In simple words, one single surety should only undertake one single Loan.
The consolidated salary of the surety should be three times more than the monthly installments of the repayment of the Loan.
If the consolidated salary of one surety is not sufficient for the repayment, more than one employee can be considered.
In the case of sureties, who are working in any organization on deputation basis, a no objection certificate from his/her parent department is also to be produced.
The employees of KSWDC are not allowed to stand as surety in the corporation. This clause is applicable to all the direct and deputation staff.
The salary certificate should be obtained in prescribed format.
If the surety himself is the drawing officer, then the next higher officer should countersign the salary certificate.
If the surety is a gazette officer, the surety himself can sign in the salary certificate. In such cases, if applicable name of the treasury and Audit number of the officer should be noted in the salary certificate and the next higher officer should attest the signature of the officer. In this case the letter for confirmation should be sent to the officer who counter signed.
The salary certificate of the sureties working in KSEB, KWA and PWD should be signed by an officer not below the rank of Asst. Executive Engineer/OR countersigned by the Assistant Engineer, if the Asst. Engineer signs it.
In the case of sureties working in the Aided Schools/Colleges, the salary certificate should be signed by the Headmaster/Principal of the concerned institutions.
The salary certificate should contain the name, designation and office seal of the issuing officer or next higher officer if applicable.
For employees of central government and central government owned public undertakings /Autonomous bodies listed as sick units or if the manager thinks that the institution /company is a sinking unit or not a profitable one their surety will not be accepted.

Land Security

Valuation certificate issued by the Tahsildar can be accepted. The market value of the land property should be at least 150% of the loan amount.
If the land property value is not sufficient as security for the loan amount sanctioned, the Regional Manager is permitted to re fix loan amount based on the ratio percentage as mentioned above
Following are the documents submitted for Land surety

Application Form Details

Application forms can be obtained from the respective Regional/ District offices on all working days from 10:00 a. m. to 03:00 p. m.

Application fee:
a) Individual Loan – Rs. 10/-

b) For NGO – Rs. 100/-

c) Educational Loan – Rs. 25/-

Risk Fund would be maintained for all the Loans. The structure of Risk fund is as under:

(i) upto Rs. 50,000/- – Rs. 250/-

(ii) upto Rs. 1,00,000/- – Rs. 500/-

(iii) upto Rs. 1,50,000/- – Rs. 1000/-

(iv) Between Rs. 1,50,000 to Rs. 2,50,000/- – Rs. 1500/-

(v) Between Rs. 2,50,000/- to Rs. 3,50,000/- – Rs. 2000/-

(vi) Between Rs. 3,50,000/- to Rs. 5,00,000/- – Rs. 2500/-

Fees for verifying the deed/ hypothecation documents – Rs. 500

Rate of interest, in case of default is 12%.

She Taxi

Contents will be updated soon.

STEP Scheme

SUPPORT TO TRAINING AND EMPLOYMENT PROGRAMME FOR WOMEN (STEP)

KSWDC is the Nodal agency for Support to Training and Employment programme for Women of the Govt. of India. The scheme provides 90% of assistance as grant in aid by Govt. of India and the balance fund is to be mobilized by state Govt. or NGO. The scheme provides employment opportunities for at least 500 women and is a very attractive scheme as large scale programmes such as dairy development, agriculture; small scale industries employing large number of women etc. can be financed under this scheme. Most of the NGO’s are non-utilizing the above mentioned fund from the Govt. of India. Even though various NGO’s are submitting proposals for assistance under this scheme, it is noted that most of the projects are rejected. In order to overcome the lack of structured and professional approach in formulation of projects and identification of viable projects for women, KSWDC proposed to take up the role of a facilitator by promoting the scheme among NGO’s, identifying NGO’s, arranging workshops for NGO’s. The corporation has so far imparted training on the wide reaching benefits of this scheme to 135 NGOs’ in collaboration with Centre for Management Development. Besides awareness generation the corporation has also shouldered the responsibility of helping these NGO’s secure funds under this scheme for implementation of self-employment programmes for women residing in the geographical area, where their respective developmental work is centred. The broad components of the training for NGO’s include:-

  • Managerial Effectiveness
  • Effective Communication
  • Leadership Qualities
  • Creativity in project preparation
  • Project idea generation & project report preparation
  • Project report appraisal
  • Office management
  • Awareness on STEP

Sandesh One

SANDESH ONE: SOCIAL ENTERPRISES NETWORK FOR WOMEN

The quest for innovative solutions to pressing social problems has led to the mushrooming of social enterprises worldwide. Social enterprises have the potential to bring about dynamic developmental changes while also paving the way for generation of employment opportunities that will set the economy on a steady growth pace. Drawing inspiration from this widely acclaimed development model, the Kerala State Women’s Development Corporation has proposed to establish Sandesh One – Social Enterprises Network in all urban and rural areas across Kerala with the aim of unifying and supporting the efforts of female social entrepreneurs in the state.
Sandesh One is unique entrepreneurship development scheme for women, devised and promoted by the Kerala State Women’s Development Corporation and implemented on a public- private partnership (PPP) basis. This programme envisages the creation of women entrepreneurs in all the 1000 local bodies of the state and a rural access point for developmental solutions by setting up of a Sandesh One Centre in each local body.
Sandesh entrepreneurs will undergo a 4-month long training programme by IIM Ahmedabad and IL&FS, which will focus on developing and improving entrepreneurial skills, knowledge management and various other aspects. The Sandesh entrepreneurs will then set up projects in areas such as high-tech agriculture, preventive healthcare, water and waste management, etc. and charge a professional fee for their consultancy services for the setting up of micro-enterprises.
The project was inaugurated on January 12, 2015 and the training of the first batch of 20 entrepreneurs, from 2 districts of Kerala, is underway. The corporation has even formulated a special loan scheme to extend financial support to the entrepreneurs. We are gearing up to train 100 women and open up Sandesh One centres in 100 local bodies by April 30, 2015.
To know more about Sandesh one, please visit www.sandeshone.com

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