Self Employment Lending Schemes- Credit Line 1-Term Loan Scheme

Self Employment Lending Schemes-1

The National Minorities Development & Finance Corporation (NMDFC) through state channelizing Agencies (SCAs) implements this scheme for individuals.

Scheme highlights

  • Projects with the costing of up to INR 20 lakh are considered
  • NMDFC provides up to 90% of the project cost as a loan (maximum up to INR 18 lakh); the balance must be paid by the beneficiary and the SCA 
  • Beneficiary contribution must be at least 5% of the total cost
  • Interest rate is levied on a reducing balance method at 8% per annum
  • SCA interest rate is 5% per year
  • Moratorium period of up to six months
  • Beneficiary repayment period five years
  • Repayment period for SCAs is eight years
  • Utilization must be within three months

Eligibility criteria

  • The assistance under this scheme is available for any commercially feasible and technically viable project
  • Projects must be within the following sectors:
  • Agriculture and allied categories
  • Transport and service sectors
  • Technical trades
  • Artisan and traditional occupations
  • Small businesses

Documentation and procedure

The SCAs are nominated by the state or union territory government and are responsible for the scheme implementation. The channelizing agency has an office at the district level and applicants may submit their forms at this office. 

The beneficiaries must contact the respective district SCA (the details on the state-wise agencies is available online)

The SCA then links the beneficiary’s loan account to his/her Aadhar Card; alternative biometric identification in case Aadhar is not missing is also available. 

For more information click here.

Check out the video for Self Employment Lending Schemes- Credit Line 1-Term Loan Scheme

One thought on “Self Employment Lending Schemes- Credit Line 1-Term Loan Scheme”

Leave a Reply

Your email address will not be published. Required fields are marked *

Similar Yojanas

CSC Digital Cadets Bharti

View Details

How to open Aadhar Card Agency from CSC in 2020?

View Details

Stree Shakti Package Scheme

View Details

Digi Dhan Vyapari Yojana

View Details

Lucky Grahak Yojana

View Details

SMAM Kisan Yojana

View Details

PAHAL – direct benefit transfer for LPG (dbtl)

View Details

Nikshay Poshan Yojana

View Details

NITI Aayog (National Institution for Transforming India)

View Details

Namami Gange Yojana

View Details

Govt. Schemes for Women of India | Sarkari Yojana

View Details

Startup India Scheme

View Details

One Rank One Pension Scheme (OROP)

View Details

Smart City Mission

View Details

Integrated Power Development Scheme (IPDS)

View Details

DigiLocker

View Details

Swades Skill Card Scheme

View Details

Satyabhama – Science and Technology Yojana for Aatmanirbhar Bharat in Mining Advancement

View Details

Affordable Rental Housing Complex (ARHC) Scheme

View Details

Tree Plantation Campaign (Vriksharopan Abhiyan) 2020

View Details

Jal Jeevan Hariyali Abhiyan

View Details

Swachh Survekshan 2021

View Details

Udyam Registration Online Portal

View Details

Tamil Nadu Young Advocates Monthly Allowance Scheme 2020

View Details

Solar Inverter Charger Scheme 2020 Apply

View Details

SERB Accelerate Vigyan Scheme

View Details

Atmanirbhar Bharat App Innovation Challenge

View Details

National Scholarship Portal 2020

View Details

TULIP internship 2020: AICTE urban learning

View Details

Food Safety Mitra Scheme

View Details

Vande Bharat Mission

View Details

FM Nirmala Sitharaman announces details of the relief package.

View Details

Unified Package Insurance Scheme (UPIS)

View Details

Weather Based Crop Insurance Scheme (WBCIS)

View Details

Coconut Palm Insurance Scheme (CPIS)

View Details

Pradhan Mantri Dhan Laxmi Yojana

View Details

Arogya Setu App

View Details

Vivad se Vishwas Scheme

View Details

Rahat Package

View Details

Sukanya Samriddhi Yojana

View Details

Shramev Jayate Yojana

View Details

Passport Seva Project

View Details

CSC Digital Seva Portal – All Links, Check your CSC Status, Bank Mitra Services

View Details

India announces Economic Support of 1.7 Lakh Crore in the wake of the Corona Crisis

View Details

PM Ujjwala Yojana – New List 2020

View Details

SWAYAM – An education initiative by the government

View Details

National Viral Hepatitis Surveillance Programme

View Details

National Programme for the Health Care for the Elderly

View Details

Support to Training and Employment Programme for Women

View Details

Coronavirus – outbreak in China and Public Health Response

View Details

Market Development Scheme

View Details

Rejuvenation, Modernization and Technology Upgradation of the Coir Industry – REMOT

View Details

ROSHNI – a skill development scheme for the Tribals

View Details

Sansad Adarsh Gram Yojana

View Details

The Shyama Prasad Mukherji Rurban Mission (SPMRM)

View Details

Mahatma Gandhi National Rural Employment Guarantee Scheme

View Details

Sampoorna Gramin Rozgaar Yojana (SGRY) – A Hope for those in the Rural Areas

View Details

Training of Rural Youth for Self-Employment (TRYSEM)

View Details

National Watershed Project for Rain fed Areas – NWDPRA

View Details

Rainfed Area Development Programme (RADP)

View Details

Agriculture Contingency Plan

View Details

Prerna – a Marketing Scheme

View Details

NISHTHA scheme

View Details

National Mission for a Green India

View Details

Self Employment Lending Schemes- Credit Line 2-Term Loan Scheme

View Details

Pre-Matric Scholarship Scheme 2018 for Minorities

View Details

Kisan Vikas Patra

View Details

Credit Guarantee Trust Fund for Micro & Small Enterprises (CGT SME)

View Details

Enhancement of Competitiveness in the Indian Capital Goods Sector

View Details

National Urban Livelihoods Mission

View Details

National Social Assistance Program

View Details

National Scheme of Incentives to Girls for Secondary Education

View Details

Suryamitra Skill Development Program

View Details

Lean Manufacturing Competitiveness for MSMEs

View Details

Coir Vikas Yojana (CVY)

View Details

Support for International Patent Protection in Electronics and & Information Technology (SIP-EIT)

View Details

Mission Indradhanush

View Details

Ujwal Bharat Scheme

View Details

National AYUSH Mission

View Details

Midday Meal Scheme

View Details

Deendayal Disabled Rehabilitation Scheme

View Details

Solar Charkha Mission

View Details

Off-grid and Decentralized Solar Photovoltaic Applications Scheme

View Details

Janani Shishu Suraksha Karyakram

View Details

Innovation in Science Pursuit Research (INSPIRE) Scholarship Scheme

View Details

National Sports Talent Search Scheme

View Details

National Livestock Mission

View Details

The 4E – End to End Energy Efficiency scheme

View Details

Extramural Research Grant

View Details

Dairy Entrepreneurship Development Scheme – DED

View Details

Rashtriya Uchchtar Shiksha Abhiyan

View Details

BIG Scheme

View Details

Samagra Shiksha Abhiyan

View Details

Stree Swabhiman Yojana

View Details

Marketing Assistance Scheme

View Details

Scheme of Fund for Regeneration of Traditional Industries

View Details

Make in India Scheme

View Details

UMMID Initiative

View Details

Kishore Vaigyanik Protsahan Yojana

View Details

Bank Credit Facilitation Scheme

View Details

Stand Up India Scheme for Women Entrepreneurs

View Details

The UJALA Yojana

View Details

HRIDAY Yojana

View Details

Ujwal DISCOM Assurance Yojana (UDAY)

View Details

Atal Mission for Rejuvenation and Urban Transformation Yojana (AMRUT)

View Details

Electricity Subsidy Yojana 2019

View Details

Interest Deduction on Housing Loans Raised to Rs. 3.5 Lakh for 1st Time Homebuyers

View Details

Ujjwala Sanitary Napkins Initiative for Women Hygiene & Employment by Central Govt.

View Details

Kusum Solar Pump Yojana 2019

View Details

Scheme for Higher Education Youth in Apprenticeship and Skills (SHREYAS)

View Details

Jal Shakti Abhiyan – National Water Conservation Scheme Launched by Central Govt.

View Details

Deen Dayal Upadhyaya Grameen Kaushalya Yojana

View Details

Balika Samridhi Yojana

View Details

Rashtriya Madhyamik Shiksha Abhiyan (Integrated)

View Details