CBSSC-TL

The scheme aims to provide financial assistance for viable income-generating activities of Scheduled Caste beneficiaries. Through this scheme, term loans of up to 95% of the project cost are provided for projects costing up to ₹50,00,000/-.

The scheme "Credit Based Schemes For SC - Term Loan (TL)" by the National Scheduled Castes Finance and Development Corporation (NSFDC), Government of India, aims to provide financial assistance for income-generating activities and economic development of Scheduled Caste beneficiaries. Through this scheme, term loans are provided for viable projects with a unit cost of up to ₹50,00,000/-. The scheme is implemented by the National Scheduled Castes Finance and Development Corporation through State Channelising Agencies, Regional Rural Banks, Public Sector Banks, and other channelising agencies. Financial assistance is available for projects across various sectors, subject to appraisal and viability assessment. NSFDC provides assistance for up to 95% of the project cost, while the beneficiary contributes the prescribed promoter contribution. Subsidy may also be available to eligible beneficiaries living below the poverty line, subject to prescribed limits.

• The applicant should be an entrepreneur of the Scheduled Caste Category.
• The applicant should submit a viable project proposal for an income-generating activity.
• The applicant should apply through a State Channelising Agency, Regional Rural Bank, Public Sector Bank, or other channelising agency associated with NSFDC.
• The project proposal should be appraised and found viable by the concerned channelising agency.

• Financial assistance of up to 95% of the project cost for income-generating activities, subject to a maximum project cost of ₹50,00,000/-.
• The beneficiary is required to contribute:

• 2% of the project cost for projects up to ₹5,00,000/-;
• 3% for projects above ₹5,00,000/- and up to ₹10,00,000/-;
• 5% for projects above ₹10,00,000/-.

• Beneficiaries living below the poverty line may receive a subsidy of ₹10,000/- or 50% of the unit cost, whichever is less.
• Interest rates payable by beneficiaries are:

• 6% per annum for loans up to ₹5,00,000/-;
• 8% per annum for loans above ₹5,00,000/- and up to ₹10,00,000/-;
• 9% per annum for loans above ₹10,00,000/- and up to ₹50,00,000/-.

> Mode of Disbursement: Through State Channelizing Agencies, Regional Rural Banks, Public Sector Banks, and other channelizing agencies associated with NSFDC.