Term Loan Scheme of NMDFC
Under this scheme, credit of up to Rs. 20 lacs under Credit Line-1 and up to Rs. 30 lacs 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.
- Ministry / Department
- Ministry Of Minority Affairs
- Level
- Central
- Benefit type
- cash
What is Term Loan Scheme of NMDFC?
Under this scheme, credit of up to Rs. 20 lacs under Credit Line-1 and up to Rs. 30 lacs 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.
- Benefit
- Concessional Credit to the beneficiaries among minority communities.
- Level
- Central
- Ministry / Dept.
- Ministry Of Minority Affairs
- Benefit type
- cash
- Key eligibility
- a) The applicant must be Indian and belong to one of the six notified minority communities: Muslim, Christian, Sikh, Buddhist, Parsi, or Jain. b) The annual family income should not exceed: Rs. 3.00 lakh per annum under Credit Line–1. Rs. 8.00 lakh per annum under Credit Line–2. c) The applicant mus
- Last verified
- Recently
Benefits
Concessional Credit to the beneficiaries among minority communities.
Eligibility
Documents Required
How to Apply
Step 1: Offline application — step 1
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).
Sources & References
- Official scheme website ↗
- Source record ↗
- Information is summarised from official government sources. Verify all details on the official website before applying.
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Applications are accepted only on the official government portal.
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