Financial Recourses of Loaning

 

UNDER BANK TIE-UP SCHEMES

I. Loan Component from Banks (up to Rs.1 Lakh)
II.Subsidy grants from State Government

Under Bank Tie-up Scheme the corporation arranges financial assistances for Scheduled Caste, Scheduled Tribes and Backward Classes categories beneficiaries up to the project cost of Rs. One lac and provides subsidy to the extent of 50% of the unit cost subject to a maximum of Rs. 10,000/= ( per beneficiary) for SC & ST beneficiaries and 33.33% subject to maximum of Rs, 3000/- in case of OBC beneficiaries. Funds for releasing subsidy component are being provided by Central Government through the State Government under Special Central Assistance (SCA) to Special Component Plan (SCP) & Tribal Sub-Plan (TSP) for SCs & STs. However for BCs catogory it is the state government which releases the funds from its plan every year. The bank loan is to be repaid by the beneficiary in easy installments over a period of time varying from three years to six years (depending upon the scheme and quantum of loan).

UNDER DIRECT FINANCING SCHEMES

The Direct Financing Schemes are being implemented by the corporation in collaboration with National level Corporations.

The National level Corporations provide Loans assistance to the Corporation to the tune of 85-90% of the project cost and 5-10% is to be contributed by the J&K SCs, STs and BCs Development Corporation Limited and 5% is to be the beneficiary.

The National level Corporations provides financing assistance (loans) as per the approved annual plan of the corporation backed by guarantee of State government.

 

FOR SCHEDULED CASTES

I.	NATIONAL SCHEDULED CASTES FINANCED AND DEV. CORPORATION (NSFDC), NEW DELHI.

This National level corporation is providing funds ( loans) to the JKSCSTBC Dev. Corporation ltd; for the uplitment/ development of Scheduled Castes members those who are unemployed and living below double to the poverty line, in the State. The main areas which are being funded by the National Corporation through this corporation are:-

Scheme of Loan	Quantum of loan	Interest (from Beneficiaries)	Repayment period (in Monthly installments)
Term Loan	Upto Rs. 5.00 Lacs	6%	54
	Above Rs. 5.00 Lacs	8%	54
MCF	Rs.25000/=	5%	36
MSY	Rs.25000/=	4%	36

The NSFDC is also providing grants for Skill Development Programmes through this corporation (For more detail logon:nsfdc.nic.in)

 

FOR SCHEDULED TRIBES

II.	NATIONAL SCHEDULED TRIBES FINANCED AND DEV. CORPORATION (NSTFDC), NEW DELHI.

This National level Corporation is providing funds ( loans) to the JKSCSTBC Dev. Corporation ltd; for the uplitment/ development of Scheduled Tribes members those who are unemployed and living below double to the poverty line, in the State. The main areas which are being funded by the National Corporation through this corporation are:

Scheme of Loan	Quantum of loan	Interest (from Beneficiaries)	Repayment period (in Monthly installments)
Term Loan	Upto Rs. 5.00 Lacs	6%	54
	Above Rs. 5.00 Lacs	8%	54
AMSY	Rs.50000/=	4%	54

The NSTFDC is also providing grants for Skill Development Programmes through this corporation (For more detail logon: nstfdc.nic.in)

 

FOR BACKWARD CLASSES

III.	NATIONAL BACKWARD CLASSES FINANCED AND DEV. CORPORATION (NBCFDC), NEW DELHI.

This National level corporation is providing funds (loans) to the JKSCSTBC Dev. Corporation ltd; for the uplitment/ development of Backward Classes members those who are unemployed and living below double to the poverty line, in the State. The main areas which are being funded by the National Corporation through this corporation are:

 

Scheme of Loan	Quantum of loan	Interest (from Beneficiaries)	Repayment period (in Monthly installments)
Term Loan	upto Rs. 5.00 Lakhs	6%	54
Margin Money Loan	upto Rs. 2.00 lakhs	6%	54
Education Loan (for Student)	Upto Rs.5.00 Lakhs	4%	54
Swayam Saksham (for profession education youth)	Upto Rs.5.00 Lakhs	5%	54
New Swamima- for women	Upto Rs.0.50 Lakh	4%	36
Micro Credit Finance	Upto 25000/=	5%	36
Mahila Smridhi Yojana(MSY)	Upto 25000/=	4%	36

The NBCFDC is also providing grants for Skill Development Programmes through this corporation (For more detail logon: socialjustice.nic.in)

 

FOR NOTIFIED NATIONAL MINORITIES (MALE)

IV.	NATIONAL MINORITIES DEV. AND FINANCE CORPORATION (NMDFC), NEW DELHI.

This National level corporation is providing funds ( loans) to the JKSCSTBC Dev. Corporation ltd; for the uplitment/ development of Notified National Minorities members viz; Muslims, Sikhs Buddhists, Christians and Parsis (only male member) those who are unemployed and living below double to the poverty line, in the State. The main areas which are being funded by the National Corporation through this corporation are:-

Scheme of Loan	Quantum of loan	Interest (from Beneficiaries)	Repayment period (in Monthly installments)
Term Loan	upto Rs. 5.00 Lakhs	6%	54
MCF	Upto 25000/=	5%	36
Education Loan	Upto Rs.3.00 Lakhs	3%	5 years after completion of course

Interest Free Loan
For promotion of SHGs Upto 2.15 lacs for 50 groups of about 1000 members (through NGOs). The NMDFC is providing grants for Skill Development Programmes through this
corporation (For more detail logon: www.nmdfc.org)

 

FOR SAFAI KARAMCHARIS/ SCAVENGERS

V.	NATIONAL SAFAI KARAMCHARIS FINANCED AND DEV. CORPORATION (NSKFDC), NEW DELHI.

This National level corporation is providing funds ( loans) to the JKSCSTBC Dev. Corporation ltd; for the uplitment/ development of Safai Karamcharis / Scavengers and their Dependants those who are unemployed, in the State. There is no income bar fixed by the National Corporation for the beneficiaries to avail the schemes of the National corporation. However, the preference shall be given to those who are living below double the poverty line. The main areas which are being funded by the National Corporation through this corporation are:

Scheme of Loan	Quantum of loan	Interest (from Beneficiaries)	Repayment period (in Monthly installments)
Term Loan	upto Rs. 5.00 Lakhs	6%	54
MCF	Upto 25000/=	5%	36
MSY	Upto 25000/=	4%	36
Education Loan	Upto Rs.3.00 Lakhs	6%	5 years after completion of course

The NSKFDC is also providing grants for Skill Development Programmes through this corporation (For more detail logon: nskfdc.nic.in)

 

FOR HANDICAPPED (MALE & NO CASTE CRITERIA)

VI.	NATIONAL HANDICAPPED FINANCED AND DEV. CORPORATION (NHFDC).

This National level corporation is providing funds ( loans) to the JKSCSTBC Dev. Corporation ltd; for the uplitment/ development of Disabled persons (only male member).The person who is permanent resident of J&K State with 40% or more disability, between the age group 18 to 55 years, unemployed and having annual family income below Rs.80000/= for rural areas and Rs. One lac for Urban areas, in the State and not a defaulter of any financial institution is eligible for grant of loan under NHDFC’s assisted schemes.

Schemes	Quantum of loan
Small Business/Trade	Upto Rs. 0.50 lakhs
Small Business/Trade	Upto Rs. 1.00 lakhs
Agicultural Activities	Upto Rs.5.00 Lakhs
Commercial Vehicle	Upto Rs. 5.00 Lakhs
Loan for persons with Mental Retardation	Upto Rs. 3.00 lakhs (Parents of mentally disabled person or Spouse of dependant are eligible for loan)
Small Industries units Technical Education/ Training	Upto Rs. 5.00 lakhs Loan Limit as per requirement (terms & conditions are same as followed by S.B.I.)
Micro Credit Finance	Upto Rs. 15000/= per beneficiary.

For more detail logon: www.nhfdc.org

 

FINANCING AREAS/ SECTORS

The purpose of loans which are being advanced by various banks to the beneficiaries, sponsored by this corporation and the loans being channelized by the aforementioned Apex Level Corporations through this corporation is to provide Financial Assistance to the weaker sections of the target groups for starting or augmenting income generating units/ activities to sustain their livelihood. The activities which are being taken up for financing are mainly under the following broad sectors:

1. Transport Sector activities
2. Agriculture & Allied Activities;
3. Small Business/ Trade
4. Tiny/ Cottage industry or Service activity.
5. Artisan & Traditional activities

Click here to see the detail of schemes