To provide prompt and affordable microfinance to persons with benchmark disabilities for small/micro-businesses through MFIs, SHG federations, and state-level bodies.
Financial Support:
Need-based microfinance for business or developmental activities.
Loan amount: Up to ₹60,000 per unit/project.
Rate of interest: 12.5%.
Repayment period: Up to 3 years.
a. Disability Criteria:
Must have benchmark disability (40% and above) as defined under RPwD Act 2016.
b. Income Criteria:
No income limit applicable.
c. Other Conditions:
Must apply through recognized entities like NBFC-MFIs, Section-8 MFIs, NGO-MFIs, SHG federations, etc.
Eligibility norms are finalized by the Loan Screening Committee of NDFDC, based on SIDBI/NABARD guidelines.
Through Lending Institutions:
Submit applications via associated NGOs, MFIs, SHGs, or state missions approved under the scheme.
The concerned institution forwards the proposal to NDFDC for approval.
a. From the Implementing Institution (MFI/NGO):
Two photographs of:
(a) CEO/Managing Director
(b) Authorized signatory
PAN card
Aadhaar card
Passport copy