Differently abled people can now get loan to construct their business offices
Name of the scheme:
Scheme of financing construction of commercial/business premises for starting self employment activity to persons with disability
To provide financial assistance in the form of loan to persons with disability for constructing Commercial/Business premises to start their own ventures. However, the premises should be approved by Development Authority or Urban Improvement Trust.
- Eligibility criteria must be as per the National Handicapped Finance and Development Corporation (NHFDC) norms for self-employment loan.
- The land on which the Commercial/Business premises is proposed must be owned by the applicant or the applicant must have taken the land on lease for long term of above 20 years.
Amount of loan:
Up to Rs. 3 lakh loan is provided. However, depending upon the repayment capacity of the borrower, loans will be provided.
Rate of interest:
|Loan amount||To be paid by SCAs to NHFDC||To be paid by beneficiaries to SCAs|
|Up to Rs. 50,000/-||2%||5%|
|Above Rs. 50,000/- and ┬áup to Rs. 3 lakh||3%||6%|
(SCA- State Channelizing Agency)
Repayment of Loan ΓÇô The loan has to be repaid within 10 years.
How to apply?
Contact┬áhere to apply.
For more information, visit here
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