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Business & Entrepreneurship; Banking,Financial Services and Insurance

Term Loan Scheme

The scheme aims to uplift the economically disadvantaged Charmakar community (Dhor, Chambhar, Holar, Mochi, etc.) by promoting their educational, economic, and social development, helping them gain a respectable place in society.

Authority

State/ UT

Region

Maharashtra

Status

Verified 2026

Updated

March 2026

What you get

Loan Amount: | - NSFDC provides Term Loans ranging from ₹1,00,000 to ₹2,50,000 for various schemes, with separate limits for vehicle loans. | Project Financing: | - NSFDC finances 75% of the project cost. The corporation provides 20% as a Seed Loan. ₹10,000 is provided as a subsidy. | - The remaining 5% of the project cost is contributed by the beneficiary. | Interest Rates: | For Loans up to ₹5,00,000: NSFDC charges 7% per annum. The corporation charges 4% per annum. | For Loans above ₹5,00,000: NSFDC charges 8% per annum. The corporation charges 4% per annum. | - Repayment Terms: Loan instalments are payable monthly over a period of up to 60 months.- This structure ensures clear and concise information about the Term Loan Scheme for potential beneficiaries.

Who can apply

Income should be below ₹98,000 for rural areas.; Income should be below ₹1,20,000 for urban areas.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Do applicants need to reside in Maharashtra?

Yes, applicants must be permanent residents of Maharashtra.

What is the Term Loan Scheme?

The Term Loan Scheme provides financial assistance to economically disadvantaged members of the Charmakar Community for various business purposes.

Who is eligible to apply for the Term Loan Scheme?

Applicants must belong to the Charmakar Community, be aged 18-50, and meet specific income requirements.

What is the maximum loan amount provided under this scheme?

NSFDC provides loans ranging from [?]1,00,000 to [?]2,50,000 for various business schemes.

What is the interest rate on the term loan?

NSFDC charges 7% interest per annum, while the Corporation charges 4% on the term loan.

Are there different interest rates for loans above ₹5,00,000?

Yes, NSFDC charges an 8% interest rate for loans above [?]5,00,000, with a 4% rate from the Corporation.

How is the loan amount structured?

75% of the project cost is covered by NSFDC, 20% by the Corporation as a seed loan, [?]10,000 as a subsidy, and 5% is the beneficiary's contribution.

Is there a subsidy component in this scheme?

Yes, a subsidy of [?]10,000 is included in the loan amount to support beneficiaries.

What are the repayment terms for the loan?

The loan installments are payable monthly, with a repayment period of up to 60 months.

What types of business activities are covered by this scheme?

The scheme covers various business purposes, including footwear and leather production, and also has specific provisions for vehicle loans.