About this scheme
National Backward Classes Finance and Development Corporation — concessional credit for OBC entrepreneurs. Term loans up to Rs. 15 lakh at 4-8% interest, microcredit, and education loans.
What you get
- Term loan up to Rs. 15 lakh at 4-8% interest
- Microcredit up to Rs. 1.4 lakh at 5%
- Education loan up to Rs. 20 lakh at 4%
- No collateral up to Rs. 1.4 lakh
- Repayment up to 10 years
- Mahila Samridhi Yojana sub-scheme for women OBC
Who qualifies
Members of OBC families with annual family income up to Rs. 3 lakh (rural) / Rs. 6 lakh (urban). Includes farming, micro-business, services, and education.
All industries qualify (no NIC restriction).
Business types
ProprietorshipsPartnershipsSection 8 Companies
Available across India (central scheme).
How to apply
- 1Apply to State Channelizing Agency
- 2Submit OBC certificate + income proof + project
- 3SCA evaluation and forwarding to NBCFDC
- 4NBCFDC sanction; disbursed via SCA
- 5EMI via auto-debit or post-dated cheques
Key terms and conditions
- Strict income ceilings — proof required
- Annual income certificate renewal
- Loan utilisation audit
What disqualifies you
- Non-OBC applicants ineligible
- Income above ceilings excluded
- Defaulters rejected
Documents typically required
- OBC certificate
- Aadhaar
- PAN
- Project report
- State Channelizing Agency referral
The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.