In a bid to instil self-confidence among
disabled youth and help them through providing financial assistance for
self-employment, the National Handicapped Finance and Development
Corporation (NHFDC) has implemented a scheme for professionally educated
unemployed disabled youth known as Scheme for Disabled Young Professional.
Eligibility Criteria:
- Any Indian citizen having 40% or above disability
- Age criteria- A beneficiary must be between 18 and 45 years
- Must have a professional degree from a recognized university/institute
- The activity which has been proposed must be directly relevant to the professional degree of the applicant
Financial Assistance:
Maximum Limit of loan:
The maximum loan limit is Rs. 25 lakh.
Pattern of Finance:
| NHFDC Loan | Up to 85% |
| SCA (State Channelizing Agency) Loan Share | 5% |
| Beneficiary Contribution | Up to 10% |
Rate of interest:
| Loan Amount | Interest Rate per annum |
| Up to Rs. 50,000/- | 5% p.a. |
| Above Rs. 50,000/- to Rs. 5 lakh | 6% p.a. |
| Above Rs. 5 lakh to Rs. 15 lakh | 7% p.a. |
| Above Rs. 15 lakh to Rs. 25 lakh | 8% p.a. |
Rebate:
- A rebate of an annual 1% on interest rate will be provided for young women professional with disability.
- A special rebate of 0.5% is also available for PwDs under VH/HH/MR category
Repayment duration:
The loan can be repaid within 10 years of availing, this includes moratorium period as well.
How to avail?
0 comments:
Post a Comment