NSFDC Term Loan Scheme for Scheduled Castes (Up to ₹50 Lakh at 6%)
Term loans up to ₹50 Lakh at 6% interest per annum covering up to 90% of project cost for SC entrepreneurs setting up income-generating enterprises.
Quick Eligibility Snapshot
₹Benefits & Entitlement Breakdown
📊Budget Allocation & Beneficiary Reach
Covered under NSFDC annual lending budget exceeding ₹500 Crore
Official Budget Document ↗Over 14 Lakh SC beneficiaries supported since inception
As of: 2026-01-20PIB / Official Citation ↗Verified Eligibility Criteria
Must belong to Scheduled Caste community with annual family income up to ₹3,00,000 for both rural and urban areas.
Required Documents Checklist
Verify readiness before applying for NSFDC Term Loan Scheme for Scheduled Castes (Up to ₹50 Lakh at 6%). Check off your papers or print this list before visiting your local CSC / Cyber Cafe.
Mandatory Documents(4)
Check off as readyKeep self-attested photocopies and clear digital scans (100 KB – 200 KB, PDF/JPG format) ready to avoid portal upload timeouts.
Worried About Application Rejection for NSFDC Term Loan Scheme for Scheduled Castes (Up to ₹50 Lakh at 6%)?
Over 30% of applications on official portals get delayed or rejected due to minor certificate authority mismatches or unseeded bank accounts. Our civic research desk compiles a verified 1-page Scheme Blueprint tailored to your state and profile.
- ✓Valid issuing authority rules (Tehsildar/SDM)
- ✓Aadhaar-DBT bank seeding verification
- ✓Direct official portal guide (no middlemen)
- ✓Email delivery in 1–2 hrs during desk hours
🔒 Secure Razorpay Checkout • 100% Independent
Application Effort & Process Friction
Readiness assessment derived from official prerequisites, mandatory documentation, and submission channels.
Effort scores reflect portal accessibility, mandatory document burden, and physical verification requirements.
How to Apply
- 1
Formulate self-employment project proposal and apply through State Channelizing Agency (SCA), RRBs, or nationalized banks.
- 2
Submit caste certificate confirming Scheduled Caste category and income certificate up to ₹3,00,000 per annum.
- 3
SCA/Bank scrutinizes proposal, sanctions the loan, and routes refinance through NSFDC.
- 4
Loan disbursed directly into vendor account for machinery/equipment or borrower business account.
✅Before You Begin — Pre-Application Checklist
⚠️Common Rejection Reasons — Avoid These
Non-SC community, family annual income exceeding ₹3,00,000, or previous unpaid default to SCA.
Official Government Application Portal
You will be redirected to the secure official portal: nsfdc.nic.in
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Get Scheme Blueprint (₹49)→Frequently Asked Questions (Officially Sourced)
Verified answers sourced directly from official circulars, gazettes, and portal FAQs. Never AI-invented.
What is the maximum loan limit under NSFDC Term Loan?
NSFDC finances projects up to ₹50 Lakh, providing up to 90% of the project cost as concessional refinance.
Source: Official Scheme FAQ ↗What is the interest rate charged to the borrower?
For loans up to ₹5 Lakh, interest rate is 6% p.a.; for loans above ₹5 Lakh, interest rate is 8% p.a.
Source: Official Scheme FAQ ↗Where should an SC applicant apply?
Applications are submitted through State Scheduled Castes Development Corporations (SCA), participating Regional Rural Banks, or designated public sector banks.
Source: Official Scheme FAQ ↗Can I track my NSFDC Term Loan Scheme for Scheduled Castes (Up to ₹50 Lakh at 6%) application status?
Application status for NSFDC Term Loan Scheme for Scheduled Castes (Up to ₹50 Lakh at 6%) can typically be tracked through the official portal at nsfdc.nic.in using your Aadhaar number, application reference number, or registered mobile number. Alternatively, contact the scheme helpline or visit your nearest Common Service Centre (CSC).
What should I do if my NSFDC Term Loan Scheme for Scheduled Castes (Up to ₹50 Lakh at 6%) payment is delayed or rejected?
First, verify your Aadhaar-bank account seeding status on the NPCI mapper (npci.org.in). If seeding is confirmed and payment is still pending, register a complaint on the Central Public Grievance Redressal System at pgportal.gov.in. You may also file an RTI application at rtionline.gov.in to obtain official rejection reasons within 30 days.
Is there an income tax implication for receiving NSFDC Term Loan Scheme for Scheduled Castes (Up to ₹50 Lakh at 6%) benefits?
Agricultural income and certain welfare subsidies may be exempt from income tax under Section 10 of the Income Tax Act, 1961. Tax treatment varies by scheme type and beneficiary income level. Consult a certified tax practitioner or visit incometax.gov.in for scheme-specific tax guidance.
Common Rejection Reasons & Warnings
Non-SC community, family annual income exceeding ₹3,00,000, or previous unpaid default to SCA.
Editorial Verification & Change Log
| Date | Field | Description / Update | Source Citation |
|---|---|---|---|
| 2026-10-18 | scheme_type | cs | Official Source ↗ |
| 2026-09-28 | initial_verification | Baseline verification of NSFDC Term Loan Scheme for Scheduled Castes (Up to ₹50 Lakh at 6%) guidelines, benefits, and portal integration. | Official Source ↗ |
⚖Compare with Similar Schemes
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Application Window & Deadlines
Continuous application cycle across all State Channelizing Agencies
🛟Grievance & RTI Channels
Scheme Intelligence
How is this calculated? ↗Verified 7d ago from .gov.in source
Requires documentation or office visit
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📅Scheme Milestone Timeline
Baseline verification of NSFDC Term Loan Scheme for Scheduled Castes (Up to ₹50 ...
Official Source ↗Schemes You Can Stack With This
Complementary programs with non-conflicting eligibility that you can claim concurrently:
Official Helpline & Nodal Offices
National Scheduled Castes Finance and Development Corporation (NSFDC)
14th Floor, Scope Minar, Core 1 & 2, Laxmi Nagar District Centre, Delhi 110092
Helpline: 011-22054391
Jurisdiction: NationalNotice a Discrepancy?
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Verification Metadata
Last verified by Eligo researchers on 2026-10-12 against official government documentation.
Eligo is an independent information platform unaffiliated with any government body. Always confirm latest terms directly on the official portal.