What you get
- The maximum loan limit is up to ₹2,00,000/-. | - The interest rate will be 5% per annum. | - Under this scheme, 100% loan of the business/occupation amount is provided. | - The loan amount will consist of 95% National Corporation contribution, 5% State Government contribution and zero beneficiary contribution. | Repayment: The loan amount, including interest, will have to be repaid in 60 equal monthly instalments.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the main purpose of this scheme?
This special new scheme aims for the economic upliftment of women from nomadic and denotified castes living below the poverty line, helping them achieve self-employment with dignity.
What kind of business or occupation can I choose to undertake if I receive a loan under this scheme?
Under this scheme, you will be able to undertake a business or occupation of your choice.
Who is eligible to apply for a loan under this scheme?
The applicant must be a woman from a nomadic or denotified caste.
What are the age criteria to apply for this scheme?
The applicant's age should be at least 21 years and not more than 50 years as of the date of application.
Do I need to have any specific experience to be eligible for this loan?
Yes, the applicant must have experience in a technical and skilled trade or business.
Will I need to provide any collateral to secure the loan?
Yes, the applicant will have to provide suitable collateral to get the loan.
What is the interest rate applicable to the loan amount?
The interest rate will be 5% per annum.
What percentage of the business/occupation amount is provided as a loan under this scheme?
Under this scheme, 100% loan of the business/occupation amount is provided.
What are the contributions from different entities towards the loan amount?
The loan amount will consist of 95% National Corporation contribution, 5% State Government contribution, and zero beneficiary contribution.
How long do I have to repay the loan amount, including interest?
The loan amount, including interest, will have to be repaid in 60 equal monthly instalments.