NBCFDC - GLS

NBCFDC General Loan Scheme

The NBCFDC General Loan Scheme, managed by the Ministry of Social Justice and Empowerment, offers financial assistance to individuals from backward classes, enabling them to pursue various income-generating activities. Eligible entrepreneurs can obtain loans up to ₹15 Lakh, provided their total annual family income is below ₹3 Lakh.

Central Cash

States / UT: All India

Ministry / nodal: Ministry Of Social Justice and Empowerment

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

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

Sub-categories: Loan, Citizen empowerment, Financial assistance

Target beneficiaries: Individual

Tags: Loan, Empowerment, Backward Class, OBC, Entrepreneur

Details

A general loan scheme by the Ministry of Social Justice for Indian citizens from backward classes for various income-generating activities. Loan up to ₹15 Lakh per beneficiary for pursuing income-generating activities such as Agriculture and Allied Activities, Small Business/Artisan & Traditional Occupation, Transport Sector & Service Sector, and Technical & Professional Trades/Courses.

Benefits

  • [ [ { "children": [ { "text": "Loan up to ₹15Lakh per beneficiary for pursuing income generating activities such as Agriculture and Allied Activities
  • Small Business/Artisan & Traditional Occupation
  • Transport Sector & Service Sector and Technical & Professional Trades/Courses." } ] }
  • { "children": [ { "text": "The rate of interest would be as follows - Loan up to ₹5.00 Lakh: 6% per annum; Loan above ₹5.00 Lakh up to ₹10.00 Lakh: 7% per annum; Loan above ₹10.00 Lakh up to ₹15.00 Lakh: 8% per annum." } ] } ] ]

Loan up to ₹15 Lakh per beneficiary for pursuing income generating activities such as Agriculture and Allied Activities, Small Business/Artisan & Traditional Occupation, Transport Sector & Service Sector, and Technical & Professional Trades/Courses.

The rate of interest would be as follows - Loan up to ₹ 5.00 Lakh: 6% per annum; Loan above ₹5.00 Lakh up to ₹ 10.00 Lakh: 7% per annum; Loan above ₹10.00 Lakh up to ₹ 15.00 Lakh: 8% per annum.

Eligibility

  • The applicant must be an Entrepreneur
  • The applicant must be from a Backward Class (OBC).
  • The Total Annual Family Income of the applicant must be Less than ₹ 3 Lakh per Annum.

Application Process

Offline

Eligible persons desirous of obtaining TERM LOAN under NBCFDC scheme should should apply on prescribed form (available with the Channel Partners) to District Office of Channel Partners where he/she normally resides. The applicant should clearly mention his/her felt needs and choice of vocation and training requirements, if any, in the application form.

For more details, the concerned Channel Partner (State Channelizing Agency/RRB/PSB) can be contacted, or a call can be made on the Toll Free No.18001023399

You can find the address and contact details of the SCA of your state via the link below -

https://nbcfdc.gov.in/sca-list/en

You can find the details of the Regional Rural Banks (RRBs) or the PSB (Public Sector Banks) of your state via the link below -

https://nbcfdc.gov.in/bank/en

Source: https://nbcfdc.gov.in/whow-to-apply/en

Online

Eligible persons desirous of obtaining TERM LOAN under NBCFDC scheme can apply online at registration portal on NBCFDC website: https://nbcfdc.gov.in/loanform/en Requests received will be forwarded to concerned Channel Partners (SCAs/Banks) under intimation to the applicant.

For more details, the concerned Channel Partner (State Channelizing Agency/RRB/PSB) can be contacted, or a call can be made on the Toll Free No.18001023399

You can find the address and contact details of the SCA of your state via the link below -

https://nbcfdc.gov.in/sca-list/en

You can find the details of the Regional Rural Banks (RRBs) or the PSB (Public Sector Banks) of your state via the link below -

https://nbcfdc.gov.in/bank/en

Source: https://nbcfdc.gov.in/whow-to-apply/en

Clarifications

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

What is the maximum size of the loan under this scheme?
Under this scheme, the eligible entrepreneur can obtain a loan of max. ₹15,00,000 per beneficiary.
How much will be the interest rate for the loan?
The rate of interest would be as follows - Loan up to ₹ 5.00 Lakh: 6% per annum Loan above ₹5.00 Lakh up to ₹ 10.00 Lakh: 7% per annum Loan above ₹10.00 Lakh up to ₹ 15.00 Lakh: 8% per annum
By when am I expected to repay the loan?
Loan is to be repaid in quarterly instalments with maximum 8 years (including the moratorium period of six months on the recovery of principal).
I seek to know more about the Pattern of Financing?
The loan will be provided up to 85% and balance 15% provided by the State Channelizing Agencies (SCAs) or Beneficiary contribution. The utilization period is 4 months from the date of disbursement of the loan.
Can women entrepreneurs also apply to this scheme?
Yes, the scheme is open for income generating activities. Women entrepreneurs are therefore eligible to apply.
Should the project / venture need to be from a specific sector in order to be eligible for the Swarnima scheme?
NBCFDC supports the economically weaker section in developing self-employment ventures only under the following sectors: Agriculture and Allied Activities. Small Business. Artisan and Traditional Occupation. Technical and Professional Trades/Courses. Transport and Service Sector.
Is there a helpline number where I can get answers for my queries reg. the application process?
Yes, the Toll Free Number is 18001023399.
What are SCAs?
Ans. NBCFDC grants financial assistance through State Channelising Agencies (SCAs). Also, they provide funding through SCAs/ Self Help Groups (SHGs).
How do I know if a field in the application form is mandatory?
The mandatory fields have a red asterisk (*) mark at the end.

Definitions

  • backward class

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status