What is the purpose of Credit Based Schemes For SC - Term Loan (TL)?

Credit Based Schemes For SC - Term Loan (TL) is a government welfare initiative designed to support Infra, Individual, Registered Societies, Business Entity through benefits related to Business & Entrepreneurship, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.

Who can apply for Credit Based Schemes For SC - Term Loan (TL)?

Eligibility for Credit Based Schemes For SC - Term Loan (TL) may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.

What benefits are offered under Credit Based Schemes For SC - Term Loan (TL)?

Benefits under Credit Based Schemes For SC - Term Loan (TL) may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.

Which department manages Credit Based Schemes For SC - Term Loan (TL)?

Credit Based Schemes For SC - Term Loan (TL) is managed by Ministry Of Social Justice and Empowerment and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.

Can users apply online for Credit Based Schemes For SC - Term Loan (TL)?

Yes, eligible applicants may be able to apply online for Credit Based Schemes For SC - Term Loan (TL) through official government portals, authorised service centres, or digital application systems depending on the implementation process.

Is Aadhaar mandatory for Credit Based Schemes For SC - Term Loan (TL)?

Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.

Where can users apply for Credit Based Schemes For SC - Term Loan (TL)?

Applications for Credit Based Schemes For SC - Term Loan (TL) may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.

What documents may be required for Credit Based Schemes For SC - Term Loan (TL)?

Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.

Is Credit Based Schemes For SC - Term Loan (TL) a central government scheme?

Yes, Credit Based Schemes For SC - Term Loan (TL) is a central government welfare initiative that may be implemented across multiple states through authorised departments and agencies.

Does Credit Based Schemes For SC - Term Loan (TL) provide healthcare or insurance support?

Credit Based Schemes For SC - Term Loan (TL) may provide healthcare assistance, insurance coverage, cashless treatment support, medical reimbursement, or hospital-related benefits depending on the scheme structure.

Can beneficiaries use Credit Based Schemes For SC - Term Loan (TL) at government hospitals?

Eligible beneficiaries may be able to access services at empanelled hospitals, government healthcare facilities, or authorised healthcare providers depending on scheme participation rules.

Does Credit Based Schemes For SC - Term Loan (TL) provide business loan or startup assistance?

Credit Based Schemes For SC - Term Loan (TL) may support entrepreneurs, startups, self-employed individuals, MSMEs, or small businesses through financial assistance, subsidies, credit support, or training initiatives.

Is collateral required under Credit Based Schemes For SC - Term Loan (TL)?

Collateral requirements may vary depending on the loan amount, implementing agency, financial institution, and government subsidy structure.

Can CSC centres help users apply for Credit Based Schemes For SC - Term Loan (TL)?

Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.

How can users check the latest updates for Credit Based Schemes For SC - Term Loan (TL)?

Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.

Are there deadlines for applying to Credit Based Schemes For SC - Term Loan (TL)?

Some schemes may operate through fixed application windows, annual registration cycles, or department-specific deadlines depending on scheme implementation policies.

Can beneficiaries track application status for Credit Based Schemes For SC - Term Loan (TL)?

Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.

Where can users get help for Credit Based Schemes For SC - Term Loan (TL) in All India?

Users in All India may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.

Which nearby public services may help with Credit Based Schemes For SC - Term Loan (TL) applications?

Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.

Credit Based Schemes For SC - Term Loan (TL) – eligibility, benefits & apply

Scheme profile

DBT (direct benefit transfer): No

Scheme open date: 2014-07-18

Categories: Business & Entrepreneurship, Banking,Financial Services and Insurance, Social welfare & Empowerment

Sub-categories: Setting up / start-up / entrepreneurship, Citizen empowerment, Loan

Target beneficiaries: Individual, Registered Societies, Business Entity

Tags: Entrepreneur, Scheduled Caste, Socities, Companies

Details

Credit Based Schemes For SC - Term Loan (TL) — scheme image

A loan scheme by Ministry of Social justice and Empowerment for Entrepreneur of Scheduled Caste Category.

Quantum of Assistance

NSFDC provides term loan up to 95% of the cost of project, subject to the condition that the SCAs contribute their share of assistance as per their schemes and also provide the required subsidy besides tying up of the financial resources from other sources available.

At least 50% of funding to the beneficiaries having annual family income up to Rs. 1.50 lakh and balance 50% funding to the beneficiaries having annual family income above Rs. 1.50 lakh and up to Rs. 3.00 lakh.

Benefits

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Term loan up to 95% of the cost of project Upto Rs.5.00 lakh at Interest rates of 6%

Term loan up to 95% of the cost of project Above Rs. 5.00 lakh & upto Rs.10.00 lakh at Interest rates of 8%

Term loan up to 95% of the cost of project Above Rs. 10.00 lakh & upto Rs.50.00 lakh at Interest rates of 9%

Repayment Period

A term loan is to be repaid in quarterly/half-yearly/yearly installments, within a maximum period of 10 years.

Moratorium Period

6 months to 12 months depending upon the nature of the business activity

Eligibility

The scheme is for entrepreneurs of the Scheduled Caste Category.

How useful is this scheme?

Public benefit analysis

A practical look at this scheme for citizens

AI-generated insights showing how useful, accessible, and practical this scheme may be — combining deterministic scoring rules with a public-policy LLM analyst.

5.8

/ 10

Public Benefit Score

Accessibility 6.0/10 Moderate

Rural usefulness 6.0/10 Moderate

Application complexity 8.0/10 Challenging

Financial impact 6.0/10 Moderate

Literacy barrier 5.0/10 Moderate

Women inclusivity 6.0/10 Moderate

Awareness 7.5/10 Good

Implementation reliability 7.0/10 Good

Bigger shape means a better fit for citizens

Accessibility6.0
Financial impact6.0
Rural utility6.0
Awareness7.5
Simplicity2.0
Inclusivity6.0

What problem does this scheme solve?

The scheme provides financial assistance to Scheduled Caste entrepreneurs, promoting business opportunities and economic empowerment.

Key challenges addressed

Access to capital for Scheduled Caste entrepreneurs
Support for small business development

Most beneficial for

Scheduled Caste individuals with low income
Small business owners

Likely challenges

Complex application process
Limited awareness among potential beneficiaries

Practical insights for citizens

The scheme's effectiveness may be hindered by bureaucratic hurdles and lack of awareness.

Rural challenges

Limited access to information
Transportation issues to reach offices

Digital challenges

Low internet penetration in rural areas

Implementation bottlenecks

Delays in application processing
Dependency on local agencies

Awareness challenges

Lack of outreach programs
Limited knowledge about eligibility

Application analysis

Application mode: Offline office
Documents burden: Low
Verification complexity: Moderate
Office dependency: High
DBT dependency: None
CSC support: Limited
Estimated citizen effort: Moderate

Estimated beneficiary reach

Rural / urban reach Moderate
Gender reach Inclusive
Target income group Annual family income up to ₹3 lakh
Occupation reach Entrepreneurs, small business owners

Benefit analysis

Benefit type: Cash
Benefit frequency: One-time loan disbursement
Benefit practicality: Practical for eligible beneficiaries
Financial meaningfulness: Moderately meaningful for low-income entrepreneurs
Long-term impact: Potentially significant if beneficiaries successfully establish businesses

Plain-language guidance

This scheme offers loans to Scheduled Caste entrepreneurs to help them start or grow their businesses. Eligible individuals can apply through local agencies.

Who should apply: Scheduled Caste individuals with an annual family income up to ₹3 lakh.
Who may struggle: Those unfamiliar with the application process or lacking documentation.
Best application route: Apply via the nearest Channeling Agency.

This intelligence section is generated by an AI policy analyst combined with rule-based scoring. Scores and narrative are estimates derived from the publicly available scheme information shown on this page; actual experience may vary by state, district, and department. Always confirm details on the official portal before you apply.

Application Process

Offline

The interested eligible person shall contact the nearest Channeling Agency (https://nsfdc.nic.in/channel-patrners/ ) .

Indicative Format

https://nsfdc.nic.in/UploadedFiles/other/form/termloan-english.pdf

The loan applications are to be submitted by the eligible target group (Scheduled Castes persons having annual family income up to Rs. 3.00 lakhs ) to the District Offices of State Channelizing Agencies (SCAs).

The District Offices of SCAs/CAs forward these applications, after scrutiny, to their Head Offices. The viability of the project proposals are appraised by the SCAs and the viable projects are forwarded to NSFDC along with their recommendations for sanction.

Eligible target group can also submit their loan application to other Channelising Agencies of NSFDC such as Regional Rural Banks/ Public Sector Banks/ NBFC-MFIs etc. with whom NSFDC has signed Memorandum of Agreements.

The said project proposals are appraised by the Project and Banking Desk. The appraisal report is submitted to the Project Clearance Committee (PCC) for their concurrence.

The proposals which are found to be in order are recommended for sanction. After sanction, Sanction Letters called as Letter of Intents(LOIs), along with Terms & Conditions are issued to the SCAs/ RRBs/ Public Sector Banks/ NBFC-MFIs etc. for acceptance.

After acceptance of the terms and conditions of the sanction and fulfillment of Prudential Norms, as applicable, funds are disbursed to the SCAs/ RRBs/ Nationalized Bank for onward disbursement to the beneficiaries.

The disbursement of funds is made by NSFDC on receipt of demand from the SCAs/ RRBs/ Public Sector Banks/ NBFC MFIs. The loans are to be repaid by the beneficiaries as per the repayment schedule stipulated by the SCAs/CAs

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What is moratorium period?: A moratorium period refers to a particular period of a loan tenure during which the borrower does not have repay anything. It can be described as a waiting period before the borrower will have to start paying the equated monthly installments (EMIs) for his or her loan.
Does the scheme provide loans to all Scheduled Castes persons?: No, NSFDC provides loans only to economically poor sections of Scheduled Castes whose annual family income is up to Rs. 3.00 lakh both in rural & urban areas.
How does the scheme provide assistance?: The applicants should contact the Channelizing Agencies if they wish to avail the scheme.
With what type of Projects can I avail this schemes?: These are indicative list of projects: Agricultural & Allied Sector Agricultural Land Purchase Irrigation Borewells/Minor Irrigation Horticulture Sericulture Poultry Dairy Piggery Bullock/Camel Cart Floriculture Hatcheries Duckery Goatery Sheep Farming Fisheries Ornamental Fish Rearing Tractors Power Tillers etc. Cultivation & Processing of Medicinal Plants Honey Bee Cultivation Agricultural Implements Small Industries Sector Bricks Making Readymade Garments Manufacturing Handlooms/Powerlooms Handicrafts Making Footwear Manufacturing Silver Ornaments making Bakery Bamboo Furniture Making Battery Making Bicycle Repairing Shops Bicycle Seat Cover Making Bio-gas Plant Candles Manufacturing Car Upholstery & Seat Making Cement Solid Blocks Coir Industry Carpet Manufacturing Copperware/Utensils Manufacturing Exercise Books & Registers Making Ginger & Turmeric Processing Granite Tiles Handmade Papers Ornaments Polishing Units Stone Crushing Supari Manufacturing Printing Press Furniture Making Flour Mill Soft Toys making Embroidery/Knitting Woollen Garments/Shawls making etc. Hosiery Units Jute Fabrics/Bags Leather Garments Leather Processing Leather&Rexine Articles Lime Kilns Plastic Bags Manufacturing Potteries Pouch Making Powerlooms Prawn Culture Rubber Industry Shoe/Chappal Manufacturing Umbrella Making Fiber Glass Manufacturing Mineral Water Bottling Plant Oil mills Saw Mills Soft/Stuffed Toys Making Service & Transport Sector Departmental Stores Stationery Shops Photography/Videography Chemist Shops Bangle/Cosmetic Shop Garments Shop Commercial Centre (STD/Photocopier/Scanner) Internet Cafe Cable TV Tent House Beautician Band Party Fish/Meat Shops Petty Shops Bicycle Repairing Shops Blood Bank Book Binding/Book Shops Cards Shop Clinical Labs Cloth Merchant Computer Centres Computer Hardware & Servicing Dental Clinics Desk Top Printing Driving School Eye Clinics Food Processing Gas Agency Gem Stone Cutting & Polishing Shopping Complex Shuttering Spice Grinding Spray Painting Silk Weaving Spray Painting Unit Steel Fabrication Sweet Shop Tailoring Water Sports Equipments Wooden/Steel Furniture Dhabas/Mini Hotels Tourist Lodge Automobile Repairs Electrical Items Shop Hardware Shop Electrical Winding Welding & Refrigeration Vegetable vending Watch Repair/Sales Shop Digital Mixing Lab Seeds/Fertilizers/Pesticides Shops Auto rickshaws/Auto Load Carrier Light Commercial Vehicles/Mini Buses Jeeps/Car Taxies Earth Movers (JCB) etc. Laundry/Dry-cleaning Shops Machine Shops Marble Polishing Milk Chilling Centres/Booths Mobile Crane Nursing Home/Hospitals Nursery School Passenger/Fishing Boats Public Address System Pump set/Minor Irrigation Ropeway Sales & Servicing of Electric Items Saw Mills Supplying Unit Seeds & Pesticides Shops Tannery Tent House/Decorators Transport Vehicles (Autos , Taxies, LCVs, Buses,Trucks) Travel Agency T.V./Audio-Video/Refrigerator/A.C. Repair Typing School Tyre Retreading Tyre Servicing &Vulcanising Xerox/Fax/Typing/Lamination Centre

Official links

References

Scheme Guidelines: https://socialjustice.gov.in/writereaddata/UploadFile/About_NSFDC_08_2021.pdf
Additional Guidelines: https://nsfdc.nic.in/en/term-loan

Frequently asked questions

What is the purpose of Credit Based Schemes For SC - Term Loan (TL)?: Credit Based Schemes For SC - Term Loan (TL) is a government welfare initiative designed to support Infra, Individual, Registered Societies, Business Entity through benefits related to Business & Entrepreneurship, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.
Who can apply for Credit Based Schemes For SC - Term Loan (TL)?: Eligibility for Credit Based Schemes For SC - Term Loan (TL) may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.
What benefits are offered under Credit Based Schemes For SC - Term Loan (TL)?: Benefits under Credit Based Schemes For SC - Term Loan (TL) may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.
Which department manages Credit Based Schemes For SC - Term Loan (TL)?: Credit Based Schemes For SC - Term Loan (TL) is managed by Ministry Of Social Justice and Empowerment and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.
Can users apply online for Credit Based Schemes For SC - Term Loan (TL)?: Yes, eligible applicants may be able to apply online for Credit Based Schemes For SC - Term Loan (TL) through official government portals, authorised service centres, or digital application systems depending on the implementation process.
Is Aadhaar mandatory for Credit Based Schemes For SC - Term Loan (TL)?: Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.
Where can users apply for Credit Based Schemes For SC - Term Loan (TL)?: Applications for Credit Based Schemes For SC - Term Loan (TL) may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.
What documents may be required for Credit Based Schemes For SC - Term Loan (TL)?: Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.
Is Credit Based Schemes For SC - Term Loan (TL) a central government scheme?: Yes, Credit Based Schemes For SC - Term Loan (TL) is a central government welfare initiative that may be implemented across multiple states through authorised departments and agencies.
Does Credit Based Schemes For SC - Term Loan (TL) provide healthcare or insurance support?: Credit Based Schemes For SC - Term Loan (TL) may provide healthcare assistance, insurance coverage, cashless treatment support, medical reimbursement, or hospital-related benefits depending on the scheme structure.
Can beneficiaries use Credit Based Schemes For SC - Term Loan (TL) at government hospitals?: Eligible beneficiaries may be able to access services at empanelled hospitals, government healthcare facilities, or authorised healthcare providers depending on scheme participation rules.
Does Credit Based Schemes For SC - Term Loan (TL) provide business loan or startup assistance?: Credit Based Schemes For SC - Term Loan (TL) may support entrepreneurs, startups, self-employed individuals, MSMEs, or small businesses through financial assistance, subsidies, credit support, or training initiatives.
Is collateral required under Credit Based Schemes For SC - Term Loan (TL)?: Collateral requirements may vary depending on the loan amount, implementing agency, financial institution, and government subsidy structure.
Can CSC centres help users apply for Credit Based Schemes For SC - Term Loan (TL)?: Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.
How can users check the latest updates for Credit Based Schemes For SC - Term Loan (TL)?: Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.
Are there deadlines for applying to Credit Based Schemes For SC - Term Loan (TL)?: Some schemes may operate through fixed application windows, annual registration cycles, or department-specific deadlines depending on scheme implementation policies.
Can beneficiaries track application status for Credit Based Schemes For SC - Term Loan (TL)?: Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.
Where can users get help for Credit Based Schemes For SC - Term Loan (TL) in All India?: Users in All India may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.
Which nearby public services may help with Credit Based Schemes For SC - Term Loan (TL) applications?: Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.