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NBCFDC Loan Scheme

Brief on the Working of NBCFDC

 

For all the loans mentioned below, the aspirant must be a women between the age of 18-55yrs.

  1. Any Income Generating project is eligible for Loan.
  2. In case of all Loan Schemes (except New swarnima), Income should be below Rs.81,000/-per annum in rural area and below Rs. 103000/- per
    annum in urban area.
  3. In case of New Swarnima Loan scheme, income should be below Rs.20,000/- per annum in rural area and below Rs.27,000/- per annum in urban area.
  4. The performa for the Salary Certificate will be available from KSWDC’s Regional Office.
  5. The application fee is as under:-
    • a) Individual Loan – Rs. 10/-
    • b) For NGO – Rs. 100/-
    • c) Educational Loan – Rs. 25/-
  6. 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/-
  7. Legal Fees of Rs. 500/- will be charged in case of Deed/Security.
  8. 12% penal Interest will be charged from the Defaulters.
  9. In case of NGO Collateral Security or equivalent Bank Guarantee should be submitted.

 

Collateral Security:

  • (i) It shall be immovable property of NGO that would be considered.
  • (ii) Valuation of property shall be made by the official authority of KSWDC.
  • (iii) Value of property shall cover the entire liability of loan amount.
  • (iv) All the collateral security should be pledged to the corporation.
  • (v) Educational Loans can be obtained only for acquiring professional courses. While seeking loan all the details of the Professional Course applying for, should be submitted.
  • (vi) In case of Deed, documents to be produced are: Original Title Deed(FromRegistrar Office), Prior Deed(From Registrar Office), Possession Certificate(From Village Office), Location Certificate (From Village Office), Tax Receipt(From Village Office), Encumberrance Certificate (From Registrar Office) and Valuation Certificate (From Village Office).

 

CATEGORY1

Christians, Parsis, Muslim, Sikhs, Buddhists

Type of the loan

Rate of Int. Details of instalment Payback Period Documents to be produced Max. Amt. that can be availed Security
Term Loan 6% 60 months 5 yrs Ration Card, SSLC Certificate, Income Certificate(from the
concerned Village Office), Attested Photo, Project Report.
Max. Rs 10,00,000/- Original Deed or Employees Salary Certificate (From the concerned Govt. or Quasi Govt. Offices).
CDP-MC (Cluster Development Programme-Minorities Clusters) 6% 60 months 5 yrs Ration Card, SSLC Certificate, Income Certificate(from the concerned Village Office), Attested Photo Max. Rs 1,00,000/- and Rs. 5,00,000/- in special cases Original Deed or Employees Salary Certificate (From the concerned Govt. or Quasi Govt. Offices).
Micro-Finance(SHGs & NGOs) 5% 36 months 5 yrs Ration Card, SSLC Certificate, Income Certificate(from the concerned Village Office), Attested Photo, Project Report, Cheque leaves.. Max Rs. 5,00,000/- (The NGO can be consists of maximum 20 members and each member can avail max. Rs. 25,000/-) Collateral Security or Equivalent Bank guarantee.
Micro-Finance(SHGs & NGOs) 5% 36 months 3 yrs Ration Card, SSLC Certificate, Income Certificate(from the concerned Village Office), Attested Photo, Project Report, Cheque leaves. Max Rs. 5,00,000/- (The NGO can be consists of maximum 20 members and each member can avail max. Rs. 25,000/-) Collateral Security or Equivalent Bank guarantee.
Educational Loan 3% 60 months 5 yrs Ration Card, SSLC Certificate, Income Certificate(from the village office), Attested Photo, Surety or Deed*, Fees structure from the Institution for Higher Studies. Max Rs. 2,50,000/-(Max upto Rs. 50,000/- can be given in 1 yr). Original Deed or Employees Salary Certificate (From the concerned Govt. or Quasi Govt. Offices).
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