NMDFC Term Loan Scheme for Employment-Generating Ventures

What it is

Finance viable employment-generating ventures in agriculture and allied activities, technical trades, small business, artisan occupations, transport and services.

What you get

• Track-specific NMDFC term credit: up to INR 20 lakh (Credit Line 1) or INR 30 lakh (Credit Line 2)Up to ₹30,00,000

Who it is for

• applicant must belong to a notified minority community: Muslim, Christian, Sikh, Buddhist, Parsi or Jain
• Credit Line 1 applies to annual family income up to INR 3 lakh and Credit Line 2 applies to annual family income up to INR 8 lakh, subject to current policy confirmation
• venture must be commercially viable and technically feasible under the selected route
• application and appraisal are handled through State Channelizing Agencies or banking partners
• credit line, project cost, beneficiary contribution, interest, moratorium and repayment terms must be selected and verified separately
• women beneficiaries may receive the stated Credit Line 2 rate concession subject to current terms

How to apply

1. 1
   Select the correct NMDFC credit line

   Check annual family income, women-beneficiary concession, project cost and current Credit Line 1/2 terms without combining the ceilings.

   Official step
2. 2
   Prepare minority and project documents

   Collect income, residence, minority, KYC, project, cost and contribution evidence required by the current SCA or bank.

   Official step
3. 3
   Apply through the channel partner

   Submit through the relevant State Channelizing Agency or banking partner and complete its appraisal and documentation process.

   Official step
4. 4
   Complete disbursement and repayment setup

   Confirm the final sanction, interest, contribution, moratorium, utilization period, repayment schedule and post-disbursement obligations.

   Official step

Keep ready