Last Updated On: 07/11/2017
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The detail of the financing schemes of NMDFC with revised quantum of loan & rates of Interest is given below:-

i. Term Loan Scheme

This scheme is for individual beneficiaries and is implemented through the SCAs. Under the Term Loan Scheme, projects costing up to Rs. 30.00 Lakhs are considered for financing. NMDFC provides loan to the extent of 90% of the project cost subject to a maximum of Rs. 27.00 lacs. The remaining cost of project is met by the SCA and the beneficiary. However the beneficiary has to contribute minimum of 5% of the project cost. The rate of interest charged from the beneficiary is 8% p.a. on reducing balance method for male beneficiaries & 6% p.a for women beneficiaries.

 

S. No.

Parameters

Scheme Details

1.

Loan Amount

Up to Rs. 30.00 Lakhs

2.

Rate of Interest for beneficiaries

8% p.a. for male beneficiaries6% p.a for women beneficiaries

3.

Rate of Interest for SCAs

3% p.a.

4.

Moratorium period

6 months

5.

Repayrnent  period for beneficiaries

5 years

6.

Repayment period for the SCAs

8 years

7.

Means of Financing NMDFC: SCA:Benef. Contribution

90 : 5 : 5

8.

Utilization Period 3 Months

3 Months


ii. Educational Loan Scheme 


This scheme is also for the individual beneficiaries and is implemented through the SCAs. The NMDFC extends educational loans with an objective to facilitate job oriented education for the eligible persons belonging to Minorities. Under the scheme an amount of upto Rs. 20.00 Lakhs is available at the rate Rs. 4.00 lakhs p.a. for ‘technical and professional courses‘ of durations not exceeding five years. Further, for courses abroad, a maximum amount of Rs.30.00 lakhs is available @ Rs.6.00 lakhs per annum for course duration of maximum 5 years. Funds for this purpose are made available to the SCAs at an interest rate of 2 % p.a. for on-lending to the beneficiaries at 8% interest p.a for male beneficiaries & at 5% p.a for women beneficiaries. The loan is payable in maximum five years after completion of the course.
 

S. No.

Parameters

Scheme Details

1.

Loan Amount Maximum

Loan amount per beneficiary is:–  Up to Rs.20.00 Lakhs for ‘Professional & Job   Oriented Degree Courses’ in India with a maximum duration of 5 years @ Rs. 4.00 

–  Up to Rs.30.00 Lakhs for ‘Courses Abroad’     with a maximum duration of 5 years @ Rs. 6.00   Lakhs per annum.

2.

Rate of Interest for beneficiaries for male beneficiariesRate of Interest for beneficiaries for women 

8%p.a.5% p.a.

3.

Rate of Interest for SCA

2%p.a.

4.

Moratorium period

6 months after completion of the course or getting a job, whichever is earlier.

5.

Delegated authority to SCA tosanction loan

SCAs are advised to sanction/disburse loan based on ground reality.

6.

Repayment period for beneficiaries

5 years

7.

Repayment period for the SCA

5 years

8.

Means of FinancingNMDFC :  SCA :  Beneficiary contribution

90 : 5 : 5


iii. Micro Financing Scheme

This scheme envisages credit to the poorest amongst the poor through SCAs/NGOs and network of Self Help Groups (SHGs). It is an informal loan scheme which ensures quick delivery of loan at the door steps of the beneficiaries. Under this scheme, small loans up to a maximum of Rs. 1.50 lacs per member of SHG and Rs.30.00 lacs to a group of 20 women are provided through the SCAs/NGOs & network of SHGs. Funds are given to the SCAs/NGOs, which further on-lend to the SHGs, at an interest rate not more than 10% p.a. for male beneficiaries & 8% p.a fro women beneficiaries.

 

S. No.

Parameters

Scheme Details

1.

Loan Amount

Up to Rs. 1.50 lac  per member of SHGUp to Rs.30.00 lacs for a group of 20 members in one SHG

2.

Rate of Interest for SCA

4% p.a. for male beneficiaries2% p.a for women beneficiaries 

3.

Rate of Interest for NGOs by SCAs

5% p.a. (Margin for SCA 1 %) for male beneficiaries3% p.a (Margin for SCA 1%) for women beneficiaries 

4.

Rate of Interest for SHGs by NGOs

10% p.a. (Margin for NGO 5%) for male beneficiaries.8% p.a. (Margin for NGO 5%) for women beneficiaries. 

5.

Rate of Interest for SHGs by SCAs

10% p.a. (Margin for SCA 6 %) for male beneficiaries8 % p.a (Margin for SCAs 4 %) for women beneficiaries.

6.

Rate of Interest for Beneficiaries/SHGs

10% p.a. in case of male beneficiaries8 % p.a. for women beneficiaries.

7.

Rate of Interest for NGOs by NMDFC directly

4 % p.a. (Margin for NGO 6% p.a.) for male beneficiaries2% p.a (Margin for NGO 6% p.a) for women beneficiaries.

8.

Moratorium period

3 months

9.

Delegated authority to SCA to sanction loan toNGOs/Federation

Limit of Rs.25 Lakhs per NGO/ Federation.

10.

Repayment period for the Beneficiaries

3 years

11.

Repayment period for the SCAs/NGOs

4 years / 3 years

12.

Utilization Period for the SCAs /NGOs

3 months / 1 month

13.

Means of FinancingNMDFC : SCA : Beneficiary contribution

90 : 5 : 5


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