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Rajasthan: Term Loan Scheme For Minorities

Rajasthan Minority Finance and Development Co-operative Corporation Limited (RMFDCCL) has launched a Term Loan Scheme to provide term loan at moderate interest rates for self employment with the object to promote economic and developmental activities for the benefit of “Backward Sections” amongst the minorities.

Eligibility:

  • Projects costing up to Rs. 10.00 Lakhs are considered for financing and the scheme is for individual beneficiaries.
  • Any commercially viable and technically feasible ventures such as Agriculture & allied, Technical trades, Small business, Artisan and traditional occupations and Transport and services sector are eligible to avail the benefits of the scheme.

Benefits:

  • NMDFC will provide loan to the extent of 90% of the project cost subject to a maximum of Rs. 9 Lakhs.
  • The remaining cost of project is met by the SCA and the beneficiary. However the beneficiary has to contribute minimum of 5% of the project cost.
  • The rate of interest charged from the beneficiary is 6% p.a. on reducing balance method.

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5 comments

  1. Sir I need your help I am a christian minority person living in jaipur,want purchase four wheel to drive under uber taxi for self employement .

  2. Sir, my friend Anil Jain wants to open a shop in a local Street in rajgarh church but he have money so he want to bank loan as any minority scheme of rajasthan, India government.
    Thanks

  3. Sir ibolong to Jain and need loan for own business like imitation plz.guide me

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