(The Scheme is for individual beneficiaries and is implemented through the SCAs)

Under the Term Loan Scheme, projects costing upto Rs. 5 lacs are considered. NMDFC provides loan to the extent of 85% of the project cost subject to a maximum of Rs. 4,25,000/-. The remaining cost of the project is met by the SCA and the beneficiary, however, the beneficiary has to contribute minimum 5% of the project cost. Rate of Interest charged from the beneficiaries is 6% p.a. on reducing balance.

Assistance under Term Loan Scheme is available for any commercially viable and technically feasible venture which for the sake of convenience has been into the following sectors:

1. Agriculture & Allied
2. Technical Trade
3. Small Business
4. Artisans & Traditional Occupation
5. Transport & Service Sector

An illustrative list of self employment projects grouped under the above referred sectors is given under the head “Illustrative List of Schemes”. The list is illustrative and not exhaustive.

(The Scheme is for individual beneficiaries and is implemented through the SCAs)

Margin Money assistance is provided to beneficiaries availing bank finance. Generally Public Sector Banks finance upto 60% of the project cost and seek 40% from the beneficiaries. Under Margin Money Loan Scheme, NMDFC provides loan to the eligible beneficiaries to meet the requirement of margin asked by the bankers. For this purpose, loan upto 25% of the project cost subject to a maximum of 1.25 lacs per unit is available. The SCA and the beneficiary are expected to contribute the remaining amount. Rate of Interest charged from the beneficiaries is 3% p.a. on reducing balance.

(The Scheme is for individual beneficiaries and is implemented through the SCAs)

NMDFC has introduced the scheme of Educational Loans with the objectives to facilitate job-oriented education amongst the weaker sections of Minorities. The scheme envisages maximum loan of Rs. 2.5 lacs i.e., Rs. 50,000/- every year for pursuing professional and technical courses of duration not exceeding 5 years. Funds for this purpose are made available to the SCAs at interest of 1% for lending to the beneficiaries at 3%. The loan is repayable maximum in 5 years after the completion of the course.

(The Scheme is for the members of the Self Help Groups and is implemented through the SCAs as well as NGOs)

NMDFC launched the scheme of Micro Financing in 1998 on the pattern of Grameen Bank of Bangladesh and Rashtriya Mahila Kosh under the Department of Women and Child Development in our own country. The scheme envisages micro credit to poorest among poor through selected NGOs of proven bonafide and their network of Self Help Groups. It is an informal loan scheme which ensures quick delivery of loan at the door steps of the beneficiaries with constant follow up. It also envisages a pre-requisite that the beneficiaries are first organized into Self Help Groups and get into the habit of effecting regular savings, however small. Under the scheme, loan upto a maximum of Rs. 25,000/- per beneficiary can be provided. The funds are made available to the NGOs at 1% interest p.a. who further lend to the SHGs at 5% interest p.a. The repayment period is maximum of 36 months.

(The Scheme is directly implemented by the NMDFC through the NGOs)

Financial assistance in the form of Interest Free Loan is provided to the NGOs for promotion of Self Help Groups (SHGs). The maximum amount of loan available is Rs. 2.15 lakhs for promotion of 50 SHGs of about 1000 members. The poan is repayable after one year and is adjusted by way of grant at the rate of 25% of the loan advanced by the SHGs and 5% on their growth of savings (provided the growth in savings is alteast 10% over the last year).

(The Scheme is implemented through NGOs as well as SCAs)

Under Mahila Smaridhi Yojna, training is given to a group of around 20 women in any suitable craft activity. The group is formed into Self Help Group during the training itself and after the training, micro-credit is provided to the members of the SHGs formed. The maximum duration of the training is of 6 months with maximum training expenses of Rs. 500/- p.m. per trainee. During the training, a stipend of Rs. 250/- p.m. is also paid to the trainees. The training cost and stipend is met by NMDFC as grant. After the training, need based micro-credit (subject to maximum of Rs. 25,000/-) is made available to each member of the self help group so formed at interest rate of 4%.