NBCFDC - GLS

The applicant must be an Entrepreneur

1. The applicant should be a member of the Backwards Classes, as notified by the Central Government or the State Government from time to time.
2. The applicant's annual family income should be up to ₹3,00,000/-.

• Loan assistance of up to ₹15,00,000/- for income-generating activities such as agriculture and allied activities, small business, artisan and traditional occupations, transport sector, service sector, and technical/professional trades or courses.
• NBCFDC finances 85% of the project cost, while 15% is contributed by the Channel Partner and/or beneficiary.
• Concessional interest rates ranging from 6% to 8% per annum, depending on the loan amount.
• Repayment in quarterly instalments over a maximum period of 8 years, including a 6-month moratorium on recovery of the principal amount.

1. Loan assistance of up to ₹15,00,000/- for income-generating activities such as agriculture and allied activities, small business, artisan and traditional occupations, transport sector, service sector, and technical/professional trades or courses.
2. NBCFDC finances 85% of the project cost, while 15% is contributed by the Channel Partner and/or beneficiary.
3. Concessional interest rates ranging from 6% to 8% per annum, depending on the loan amount.
4. Repayment in quarterly instalments over a maximum period of 8 years, including a 6-month moratorium on recovery of the principal amount.

Proof of Identity (Aadhaar card)

• Relevant Caste Certificate to be issued by the relevant authority of District Administration.
• Passport size Photograph of the applicant
• Following certifications to establish the income criteria can be used by the applicant
• Certificate of Income issued by Competent Authority of State Government/Distt. Administration or Antyodaya Anna Yojana(AAY) Card or Below Poverty Line (BPL) Card.
• Annual family income certificate may be considered by the SCAs/Banks/SSCs on self-certification of the beneficiaries with the endorsement of the same by any Gazetted Officer notified by State/Central Government.
• In case of the loan being applied at the Bank (Channel Partner), Self-Certification assessed and endorsed by the Branch Manager can be used for providing the loan.
• For Landless agricultural labor, marginalized farmers (those with up to One-hectare land holding) and small farmers (those with up to Two hectares of land holding), as assessed by the Banks through their standard processes and belonging to the Backward Classes will be automatically treated as part of the target group as per following considerations

Domicile Certificate

• Landless Agricultural Labour and Marginalized Farmers with land holding less than One hectare will be deemed as having annual family income below ₹ 1.50 Lakh per annum.
• Small farmers i.e. those with land holding between One and Two hectares will be deemed as having annual family income below ₹ 3.00 Lakh per annum.