About this scheme
National Scheduled Castes Finance and Development Corporation provides concessional credit for SC entrepreneurs — microcredit, term loans, education loans, and skill development. Interest 4-6% (vs market 10-15%).
What you get
- Term loan up to Rs. 30 lakh at 4-6% interest
- Microcredit up to Rs. 1.4 lakh at 5%
- Education loan up to Rs. 30 lakh at 4%
- No collateral up to Rs. 1.4 lakh
- Repayment up to 10 years
- Concessional rate vs commercial banks
Who qualifies
Members of Scheduled Caste families with annual family income up to Rs. 3 lakh (rural) / Rs. 5 lakh (urban). Includes farming, 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 in your state
- 2Submit caste certificate + income proof + project
- 3SCA evaluation and forwarding to NSFDC
- 4NSFDC sanction; disbursed via SCA
- 5EMI via post-dated cheques or NACH
Key terms and conditions
- Strict income ceilings — proof required
- Annual income certificate renewal
- Loan utilisation audit
- EMI default leads to interest rate jump
What disqualifies you
- Non-SC applicants ineligible
- Income above ceilings excluded
- Defaulters at SCA/banks rejected
Documents typically required
- Caste certificate (SC)
- 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.