Central GovernmentVerified
Term Loan Scheme of NMDFC
Ministry: Ministry Of Minority Affairs
Under this scheme, credit of up to ₹20,00,000/- under Credit Line-1 and up to ₹30,00,000/- under Credit line -2 is extended to beneficiaries among minority communities at 6% p.a. & 8% p.a. respectively for financing economically viable income generation ventures.
Last verifiedToday
About This Scheme
Under this scheme of NMDFC, credit is extended for financing economically viable income generation ventures. Loan of upto ₹20,00,000/- under Credit Line-1 and upto ₹30,00,000/- under Credit line -2 is extended to beneficiaries at 6% p.a. & 8% p.a. respectively. Further, concession of 2% is extended to women beneficiaries under Credit Line-2.
Benefits
Concessional Credit to the beneficiaries among minority communities.
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦Duly filled loan application form (as prescribed by SCA/Bank).
- ✦Recent passport-size photographs of the applicant and co-applicant (if any).
- ✦Proof of Minority Status: Self-declaration or certificate from competent authority.
- ✦Income Certificate issued by a competent authority (Tehsildar/SDM).
- ✦Residence Proof: Aadhaar card, Voter ID, Ration Card, or Utility Bill.
- ✦Identity Proof: Aadhaar card/PAN card.
- ✦Project Report or Business Plan (detailing purpose, cost, and financial viability).
- ✦Bank Account Proof: Cancelled cheque or first page of passbook (Aadhaar linked).
- ✦Quotation/Estimate of machinery, equipment, or raw materials (as applicable).
- ✦No Dues Certificate from other financial institutions (if required).
- ✦Affidavit/Self-declaration stating non-availment of loan from other government schemes.
- ✦Insurance document (if available at time of submission; otherwise post-sanction).
✦ Required ◦ Optional
How to Apply
IIn-person
NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners (Presently through Canara Bank & Punjab Grameen Bank).
Quick Info
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- Central Government