Loan Based Schemes For Safai Karamchari - Swachhta Udyami Yojana – Swachhta Se Sampannta Ki Aur

What is Loan Based Schemes For Safai Karamchari - Swachhta Udyami Yojana – Swachhta Se Sampannta Ki Aur?

A general term loan scheme by the Ministry of Social justice and Empowerment for Safai Karamchari, Manual Scavengers and their dependants aged 18 years and above for procurement of sanitation-related vehicles.

Benefit

Term loan with a maximum unit cost of Rs.50.00 lacs at an interest rate of 4% , for any viable income-generating schemes including sanitation-related activities. A rebate of 1% per annum on interest will be admissible to women beneficiaries. A rebate of 0.5% per annum will be extended for the beneficiaries for timely repayment. Repayment period: Up to 10 years after an implementation period of 4 months and a moratorium of 6 months and from the date of disbursement of the loan depending on the viability/profitability and repaying capacity of the unit. Note: Loans are extended through Channelizing Agencies (CAs) i.e. State Channelizing Agencies (SCAs), Regional Rural Banks (RRBs), and Public Sector Banks (PSBs) to the target group.

Level

Central

Ministry / Dept.

Ministry Of Social Justice and Empowerment

Benefit type

cash

Key eligibility

The following person(s)/entities shall be considered eligible for availing of financial assistance under the various schemes of NSKFDC:- • Safai Karamcharis (including Wastepickers), identified Manual Scavengers and their dependents. 1. Registered co-operative societies of the target group. 1. Legal

Last verified

Recently

Benefits

Term loan with a maximum unit cost of Rs.50.00 lacs at an interest rate of 4% , for any viable income-generating schemes including sanitation-related activities. A rebate of 1% per annum on interest will be admissible to women beneficiaries. A rebate of 0.5% per annum will be extended for the beneficiaries for timely repayment. Repayment period: Up to 10 years after an implementation period of 4 months and a moratorium of 6 months and from the date of disbursement of the loan depending on the viability/profitability and repaying capacity of the unit. Note: Loans are extended through Channelizing Agencies (CAs) i.e. State Channelizing Agencies (SCAs), Regional Rural Banks (RRBs), and Public Sector Banks (PSBs) to the target group.

Eligibility

Documents Required

How to Apply

1. Step 1: Online application — step 1

   Loan applications are submitted by the applicants to the district offices of SCAs of NSKFDC of RRBs and Nationalised Banks. These applications are then sent to the head offices where the project proposal is appraised by SCA/RRBs/Nationalised Banks and the projects are sent back to NSKFDC along with recommendations. The Project Appraisal Committee of NSKFDC then appraises the proposals and after finding them in order places it in front of their board of directors for their approval. Once the board of directors approves the project, the letter of sanction is issued by SCAs/ RRBs/Nationalised Banks. Once all the terms and conditions have been accepted, the necessary documents and funds are then released to the concerned beneficiaries. NSKFDC released the funds with the receipt of demand being made from the SCAs/ RRBs/Nationalised Banks after taking into consideration all the parameters of release as per the Lending Policies & Guidelines (LPG) of NSKFDC

2. Step 2: Offline application — step 1

   Interested eligible person shall contact nearest Channeling Agency

3. Step 3: Offline application — step 2

   (https://nskfdc.nic.in/en/content/home/list-channelizing-agencies)

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.