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Financial
assistance to set up any income generating activity of higher
cost i.e. above Rs.50,000/- on concessional rate of interest
such as small business unit, Taxi, Mahindra Jeep, Tata Sumo,
Shuttering, Piggery farm etc. |
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Eligibility |
i. An unemployed
member of Safai Karamcharis family of H.P.
ii. 18-55 years (20 to 53 years in case of vehicle loans).
iii. Individual should not be a defaulter of
any institution/Bank.
iv. Aptitude/Required License Towards the
Concerned Activity. |
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Rate of interest |
6% |
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Repayment period |
Maximum 5 Years. |
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Maximum Loan Limit |
Rs.5.00 Lacs. |
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Means of Finance |
i. Promoter’s
contribution up to 5% of total project cost.
ii. Margin Money Loan of HPSCST Development Corp. 10% of
project cost.
iii. NSKFDC Term loan 85% of total project cost. |
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MICRO CREDIT
FINANCE SCHEMES(M.C.F.)/M.S.Y. |
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To meet the small
financial need of Safai Karamcharis and Scavengers families
identified under National Scheme for Liberation and
Rehabilitation of Scavengers, to start small and petty business
individually or in a group, the term loan assistance up to 50,000/- is provided by the corporation directly in collaboration
with National Safai Karamcharis finance & development
corporation (NSKFDC.) |
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Eligibility Same as mentioned above |
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Means of Finance |
i. Promoter’s
contribution -Nil-
ii. NSKFDC loan
40,000/-
iii. Capital Subsidy 10,000/-
Total: Rs. 50,000/- |
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Rate of interest |
4% |
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Repayment period |
Maximum 3 Years. |
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