Micro Finance (NEDFL Scheme)

Brief

The scheme envisages meeting micro-credit needs small and medium size agriculturists, self-employed personnel and entrepreneurs can be reached much more effectively by involving the services of intermediaries, who can understand needs, demand, and local situations. Developing and supporting NGOs/ Voluntary Agencies (VAs) with a good track record for on-lending to the 'needy' for taking up any income generating activities in the rural areas.

Eligibility

• Any Indian Citizen with 40% or more disability
• Age above 18 years.
• The borrowers already covered under any other scheme of financing sponsored by Central or State Government or financing institutions and having outstanding loans against their names shall not be eligible.
• The borrowers should preferably be regular members of Thrift and Credit Group (Self Help Group).
• Preference will be given to women beneficiaries.
• Relevant educational/technical/vocational qualification, experience, and background.

• Rs.10.0 lakh (Rupees Ten Lakh only).

• Any Indian Citizen with 40% or more disability
• Age above 18 years.
• The borrowers already covered under any other scheme of financing sponsored by Central or State Government or financing institutions and having outstanding loans against their names shall not be eligible.
• The borrowers should preferably be regular members of Thrift and Credit Group (Self Help Group).
• Preference will be given to women beneficiaries.
• Relevant educational/technical/vocational qualification, experience, and background.

Online / portal

Official application / information link: http://nhfdc.nic.in/schemes/micro-financing-scheme

Source listing: https://www.startupindia.gov.in/content/sih/en/government-schemes.html