The Schemes Register Indian government scheme data · and what is missing from it
Last complete collection today ·snapshot 2026-09-02 · 4,771 of 4,772 records · 48/48 pages ·verdict COMPLETE ·2 snapshot(s) held
Route · /scheme/mcfnsfdc

MCFNSFDC

Micro Credit Finance (NSFDC)
NationwideIndividualRegistered SocietiesJoint Liability Groups (JLGS)CentralCentrally Sponsored SchemeMinistry Of Social Justice and EmpowermentNo start date
myScheme’s own wording, reproduced in full. Where it is thin, that is the finding, and the completeness checks are below.

What this is

The scheme is implemented by the National Scheduled Castes Finance & Development Corporation, Ministry of Social Justice & Empowerment, Govt. of India. Under this scheme, loans are provided to individuals from the SC community for units costing up to ₹1,40,000/- for income-generating activities.

In detail

The scheme "Micro Credit Finance" is implemented by the National Scheduled Castes Finance and Development Corporation (NSFDC) under the Ministry of Social Justice and Empowerment, Government of India. Under this scheme, loans are provided to individuals from the Scheduled Caste community for units costing up to ₹1,40,000/-. The loans support income-generating activities such as running a betel leaf shop, bakery, candle making, cycle repair, goat rearing, beauty parlour, vegetable vending, incense stick making, fish vending, milch animal rearing, papad manufacturing, pickle manufacturing, tea shop, and other similar viable activities.

Who qualifies

  • The Individual applicant should belong to a Scheduled Caste community.
  • The applicant's annual family income should be less than ₹3,00,000/-, both in rural and urban areas w.e.f. 08.03.2018.
  • The Partnership Firms and Co-operative Societies are also eligible to apply under the scheme. However, proposals submitted by Partnership Firms and Co-operative Societies shall be considered subject to the following:

a) All the members of Partnership Firms/Co-operative Societies belong to Scheduled Caste community.

b) Annual family income of each member/applicant should not exceed ₹3,00,000/-.

Note: The verification of eligibility criteria shall be the sole responsibility of the State Channelizing Agencies (SCAs)/Channelizing Agencies (CAs). NSFDC shall, however, be entitled to re-verify the eligibility of the applicants, if it so desires.

What you get

Maximum Loan Limit:

  • NSFDC provides loans up to 90% of the Project Cost with the maximum amount of ₹1.25 lakhs.

Rate of Interest:

  • The NSFDC shall charge interest @ 2.5% from the SCAs/CAs, which in turn, shall charge 6.5% from the Beneficiaries.

Repayment Period:

  • The loan under the Scheme is to be repaid in quarterly instalments within a maximum period of three years from the date of disbursement including 3 months moratorium period.
Listed by myScheme
Documentation completeness
7 of 9 checks passed
Checks are about the record,
not about the scheme.
✓
Eligibility published here861 characters
✓
Benefit amount published hereamount or quantity stated
✓
Description more than a name296 characters
✓
Implementing agency published herenamed
✓
How to apply published hereoffline mode declared, no URL needed
✗
Start date published herenot published
✗
End date published hereno end date recorded, so indefinite by omission
✓
Stored links well-formedall parse
✓
Not expired while still listedno end date
Something missing or wrong on this page? This register only knows what four government sources publish. If you know where the real figure lives, a link to the notification or order is what lets us publish it. Tell us on GitHub

Provenance

Every field above, and where it came from
schemeNameMicro Credit Finance (NSFDC)myScheme · 2026-09-02
schemeOpenDate...not published at source
schemeCloseDate...not published at source
nodalMinistryNameMinistry Of Social Justice and EmpowermentmyScheme · 2026-09-02
dbtSchemeFalsemyScheme · 2026-09-02
achievement data...no source publishes this for any central scheme