GUIDELINES
Details : A term loan scheme by the Ministry of Social Justice and Empowerment for women entrepreneurs from backward classes to obtain a loan of up to ₹2,00,000/- @ 5% per annum, thereby providing them social & financial security. The scheme is introduced by National Backward Classes Finance and Development Corporation (NBCFDC) and implemented by State Channelising Agencies (SCAs) which act as the nodal agency.
The NSAP at present includes five sub-schemes as its components -
a) Indira Gandhi National Old Age Pension Scheme (IGNOAPS)
b) Indira Gandhi National Widow Pension Scheme (IGNWPS)
c) Indira Gandhi National Disability Pension Scheme (IGNDPS)
d) National Family Benefit Scheme (NFBS)
e) Annapurna Scheme.
Benefits : -
1. A subsidy amount of ₹2,00,000/- @ 5% per annum, for self-employment. (The remaining amount has to be self-owned by the beneficiary.)
2. The beneficiary woman is not required to invest any amount of her own on the projects upto cost of Rs.2,00,000/-.
Eligibility : -
1. The applicant must be a FEMALE.
2. The age of the applicant must be between 18 and 55 years.
3. The applicant must be an Entrepreneur
4. The Total Annual Family Income of the Applicant must be Less than ₹ 3 Lakh per Annum
Application Process : -
Step 1: Eligible applicant needs to visit nearest SCA office, apply on prescribed form for Swarnima Scheme for Women. You can find your nearest SCA office at this link - https://nsfdc.nic.in/channel-patrners/scas
Step 2: Enter the necessary details in the application form and mention the needs and choice of vocation and training requirements, if any.
Step 3: Submit your application form and the required documents to the same SCA office. After reviewing the application, the loan will be sanctioned by SCA.
Documents Required : -
1. Proof of Identity (Aadhaar card)
2. Ration Card
3. Domicile Certificate
4. Caste Certificate (for reserved category)
5. Passport size Photograph of the applicant
Timeline for different processes relating to schemes of NSAP :
Verification after submission of applications : 15 days
Gram Sabha / Ward : 20 days
Gram Panchayat / Municipality : 15 days
Sanction of Pension : 10 days
Time period for disposal of Appeals (if pension is not sanctioned) : 15 days
Time period for disposal of second Appeal : 15 days
The administrative arrangements should be given wide publicity and displayed on notice boards in the Gram Panchayats and Municipalities for public awareness.
INFORMATION
Salient Features
Maximum Loan Amount : Rs. 2.00 Lakh (per beneficiary)
Pattern of Financing
NBCFDC Loan : 95%
Channel Partner Contribution : 05%
Rate of Interest
From NBCFDC to Channel Partner : 2% p.a.
From Channel Partner to beneficiary : 5% p.a.
Repayment
Loan is to be repaid in quarterly instalments with maximum 8 years (including the moratorium period of six months on the recovery of principal). For more information contact Toll Free No.18001023399
