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National Handicapped Finance and Development Corporation Loan Scheme (NHFDC)

The Corporation was nominated as State Channelising Agency (SCA) by the National Handicapped Finance and Development Corporation (NHFDC) for extending loan to the Persons with Disabilities for upgradation of their entrepreneurial skill for proper and efficient management of self-employment ventures. As per the requirement every year the NHFDC is providing funds to the Corporation in turn to sanction loan for the Differently Abled Persons to set-up various business and trades.

Documents are essential for getting NHFDC loan

  1. 40% or more Disability Certificate from Medical Board of Central/State Government.
  2. Birth/Age and Income Certificate issued by competent authority authorized by the State Government. (Age above 18 years)
  3. Educational Qualification Certificate.
  4. Technical Qualification Certificate/Vocational Qualification.
  5. Experience Certificate.
  6. Project Report and Quotation.
  7. Caste Certificate for SC/ST/OBC.
  8. One Passport size Photograph and one full size Photograph.
  9. Affidavit stating that no loan has been availed from any other Government Agency for the same purpose.
  10. All clearances required have been obtained from respective Central/State Government Agencies including clearance from State Pollution Control Board if applicable. Copy of all such clearances is to be attached.
  11. Xerox copy of the Differently Abled Person Pension Card received from Social Welfare Department.
  12. Differently Abled Persons Pension will be treated as Surety upto a loan of Rs.1.5 Lakhs and for a loan above the amount of Rs.1.50 Lakhs, Government Staff surety may be obtained over and above pension surety.
  13. The cost of the NHFDC Loan Application is Rs.10/-

Loan amount and rate of interest

i) In case of OH

Sl. No. Loan Amount To be paid by SCAs to
NHFDC
To be paid by
beneficiaries to SCA
    MEN WOMEN MEN WOMEN
1. Upto Rs.50,000/- 2% 1% 5% 4%
2. Above Rs.50,000/- 
and upto Rs.5.0 Lakh
3% 2% 6% 5%
3. Above Rs.5.0 Lakh
and upto Rs.15.0 Lakh
4% 3% 7% 6%
4. Above Rs.15.0 Lakh
and upto Rs.25.0 Lakh
5% 4% 8% 7%
5. For educational loan 1% 0.5% 4% 3.5%

ii) In case of VH/HH/MR

Sl. No. Loan Amount To be paid by SCAs to
NHFDC
To be paid by
beneficiaries to SCA
    MEN WOMEN MEN WOMEN
1. Upto Rs.50,000/- 1.5% 0.5% 4.5% 3.5%
2. Above Rs.50,000/- 
and upto Rs.5.0 Lakh
2.5% 1.5% 5.5% 4.5%
3. Above Rs.5.0 Lakh
and upto Rs.15.0 Lakh
3.5% 2.5% 6.5% 5.5%
4. Above Rs.15.0 Lakh
and upto Rs.25.0 Lakh
4.5% 3.5% 7.5% 6.5%
5. For educational loan 1% 0.5% 4% 3.5%

Share of Project Cost

Sl. No. Project Cost NHFDC
Share
State
Channelising
Agency Share
Promoter's
Share
1. Upto Rs.50,000/- 100% Nil Nil
2. Above Rs.50,000/- 
and upto Rs.1.0 Lakh
95% 5% Nil
3. Above Rs.1.0 Lakh and
upto Rs.5.0 Lakh
90% 5% 5%
4. Above Rs.5.0 Lakh 85% 5% 10%

Note:

  1. All loans have to be repaid within 5 years.
  2. 2% p.a. interest will be charged from the beneficiary as liquidated damages on defaulted payment.
  3. There will be a moratorium period of 3 months for each project.
  4. In case of persons with mental retardation, age is relaxed to 14 years in place of usual 18 years for the persons with mental retardation.
  5. In case of scheme for disabled young professionals; an age criterion is 18-45 years.
Back To Previous Page | Page last updated date: 11-03-2020

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