Financial Assistance to Persons with Disabilities

National Handicapped Finance & Development Corporation (NHFDC) :

The “National Handicapped Finance and Development Corporation” has been incorporated by Ministry of Social Justice & Empowerment, Govt.of India on 24th Jan, 1997 under section 25 of the Companies Act, 1956 as a company not for profit. It is wholly owned by Govt. of India and has an authorized share capital of Rs.400 crores.(Rupees Four Hundred Crores only).

1. Aims And Objectives
   1. Promote economic developmental activities for the benefit of persons with disabilities.
   2. Promote self-employment and other ventures for the benefit/ economic rehabilitation of persons with disabilities.
   3. Extend loans to person with disability for pursuiting general/ professional/ technical education for training at graduate and higher level.
   4. Assist in the upgradation of technical and entrepreneurial skills of persons with disability for proper and efficient management of production units.
   5. Assist self-employed individuals/ group of individuals of registered factories/ companies/ co-operatives of disabled persons in marketing their finished goods and assist in procurement of raw materials.
2. Eligibility
   1. Any Indian Citizen with 40% or more disability.
   2. Age between 18 and 55 years.
   3. Annual Income below Rs.60,000/- for urban areas and Rs.60,000/- for urban areas and Rs.55,000/-p.a. for rural areas.
   4. A cooperative society of disabled persons.
   5. A legally constituted association of disabled persons.
   6. A firm promoted by disabled persons.
   7. Each member of society/ association/ firm applying for loan should fulfil the disability, age and income criteria.
   8. Relevant educational/technical/vocational qualification experience and background.
3. NHFDC Schemes
   The Corporation can assist a wide range of income generating activities for disabled persons. These are :
   1. For setting up small business in Service/-Trading sector : Loan upto Rs.20.00 Lakhs.
   2. For setting up small industrial unit : Loan upto Rs.20.00 lakhs.
   3. For higher studies/ Professional Training to cover tution fees books, stationery expenses, hostel facilities etc.
   4. For Agricultural Activities : Loan upto Rs.5.00 Lakhs.
   5. For manufacturing/ production of assistive Devices for disabled persons : Loan upto Rs.25.00 Lakhs.
   6. For self employment amongst per
   7. sons with mental Retardation, Cerebral Palsy and Autism : Loan upto Rs.2.50 Lakhs.

   Note :
   a) All loans to be repaid within 7 years.
   b) A rebate of 2% on interest for disabled women.
   c) A rebate of 0.5% on interest for timely and full repayment of loan & interest.

4. Promoters Contribution for Term Loan and Rate of Interest
   

   Project Cost	NHFDC Share	Ch. Agency share	Promoter’s Share	Rate of interest
   Less than Rs.50,000	100%	Nil	Nil	5% p.a.
   Above Rs.50,000 & less than 1 lakh	95%	5%	Nil	6% p.a.
   3. Above 1 lakh & less than 5 lakhs	90%	5%	5%	9% p.a.
   Above 5 lakhs	85%	5%	10%	10% p.a.

5. How To ApplyApplications on prescribed format to be submitted to National Handicapped Finance and Developmental Corporation, Faridabad, through the channelising agency.
6. Whom To ContactNational Handicapped Finance and Development Corporation
   Red Cross Bhavan, Sector : 12,
   (Opp.Mini Secretariat),
   Faridabad – 121 002 (Ph : 284371)

   Or

   Channelising agency in the respective states :

   Assam
   Sh.P.Basumatary, I.A.S., MD, Sh.G.C.Likharu, Secretary Assam Financial Corporation, “Vittiya Bhawan”, Md.Shah Road, Paltan Bazar, Guwahati – 781008 (Assam)
   Sh.P.Basumatary, I.A.S., MD, Sh.G.C.Likharu, Secretary Assam Financial Corporation, “Vittiya Bhawan”, Md.Shah Road, Paltan Bazar, Guwahati – 781008 (Assam)
   Andhra Pradesh
   Dr.C.Sreedhar, M.D. A.P.Vikalangula Cooperative Corporation, B.R.K.R.Bhawan, Hyderabad – 500063 (Andhra Pradesh)
   Bihar
   Bihar State Backward Classes Finance & Development Corporation, 4th Floor, Sone Bhawan, Birchand Patel Marg, Patna – 800001 (Bihar)
   Chandigarh
   Chandigarh Child & Women Development Corporation Limited, Town Hall Building, 3rd Floor, Sector-17-C, Chandigarh
   Daman & Diu
   B.D.O.Fort Area, Moti Daman – 396220 (Daman & Diu)
   Delhi
   Delhi Financial Corporation E-Block, Saraswati Bhawan, Connaught Place, New Delhi 110 001
   Goa
   Goa State Scheduled Caste and OBC Finance Development Corporation Ltd., 4th floor, Patto Centre, Near Kadamba Bus Stand, Panaji-Goa
   Gujarat
   The Gujarat Women Economic Development Corporation Limited, Block No.8, 8th floor, Udyog Bhawan, Gandhi Nagar – 382011
   Haryana
   Haryana Backward Classes & Economically Weaker Section Kalyan Nigam, S.C.O. No.813 -14 Sector – 22A, Chandigarh
   Himachal Pradesh
   	a) The Director Social & Women’s Welfare Department,(Govt.of Himachal Pradesh), Shimla – 171 009 (H.P)
   	b) Sh.P.K.Sinha MD, H.P.Minorities Finance & Development Corporation, 1st Floor, Block No.38, S.D.A Complex, Kasmpti, Shimla – 171009 (H.P.)
   Jammu & Kashmir
   Sh.Shrish Dutt, GM J & K State Financial Corporation, S.F.C.House, Durganag Road, P.O. Box – 8, Srinagar, J & K
   Kerala
   Sh.T.P.Mukundan, MD, Kerala State Handicapped Persons Welfare Corporation, (A Govt.of Kerala Undertaking.) Thiruvananthapuram, Kerala
   Lakshadweep
   Sh.U.C.K.Thangal, Chairman, Lakshadweep Khadi and Village Industries Board, Kavaratti – 682 555 Union Territory of Lakshadweep
   Madhya Pradesh
   	a) M.P.Pichra Varg Vitt Evam Vikas Nigam, 6, Maharana Pratap Nagar, Zone-1, Bhopal – 482001 (M.P.)
   	b) M.P.Rajya Sahkari Anusuchit,Jati Vitt Evam Vikas Nigam, Rajiv Gandhi Bhawan, 35, Shyamala Hills, Bhopal – 482002 (M.P.)
   	c) M.P.Adivasi Vitt Evam Vikas Nigam, 52, Maharana Pratap Nagar, Zone – 1, Bhopal – 482001 (M.P)
   	d) M.P.Alpsankhayak Vitt Evam Vikas Nigam, 6, Maharana Pratap Nagar, Zone-1, Bhopal – 482001 (M.P)
   Maharashtra
   Mahatma Phule Backward Class Development Corporation Ltd., Supreme Shopping Centre, Gulmohar Cross Road, No.9, JVPD Scheme, Juhu, Mumbai – 400049
   Manipur
   Sh.A.Nabachandra Singh, Director, Department of Social Welfare, A.T.Line, 2nd M.R.Gate, Imphal – 795001 (Manipur)
   Mizoram
   Mizoram Co-operative Apex Bank LTd., Aizwal, Mizoram
   Nagaland
   Department of Social Security & Welfare Kohima, Nagaland
   Orissa
   Mahila Vikas Samabaya Nigam, Qtrs.No.A/5, Ynit-V, Bhubaneswar – 751001 (Orissa)
   Pondicherry
   Mrs.Smitha R.,MD., Pondicherry Corporation for Development of Women LTd., 10, 1 Lango Nagar, Pondicherry – 605011
   Punjab
   Director, Social Security and Women & Children Development Govt.of Punjab (Chandigarh)
   Rajasthan
   Rajasthan Scheduled Castes & Scheduled Tribes Finance & Development Co-operative Corporation, Nehru Sahakar Bhawan, Central block, 3rd Floor, Bhawani Singh Marg, Jaipur (Rajasthan)
   Tripura
   	a) D.R.D.A, West Tripura, Agartala
   	b) D.R.D.A. South Tripura, Udalpur
   	c) D.R.D.A., Dhala District, Ambassa
   	d) D.R.D.A.,North Tripura, Kailashahar
   Tamil Nadu
   Tamil Nadu State Apex Co-operative Banking Limited, P.O.Box 226, Netaji Subash Chandra bose Road, Chennai – 600001 (Tamil Nadu)
   Uttar Pradesh
   	a) Sh.K.R.Shilpkar, Uttar Pradesh Backward Finance Development Corporation, Lucknow
   	b) Sh.Sita Ram Verma,(MD), Uttar Pradesh Sahakari Gram, Vikas Bank Limited, Lucknow
   	c) Uttar Pradesh Financial Corporation Kanpur
   West Bengal
   West Bengal Women Development Undertaking LA Block, Sector III, Salt Lake City, Calcutta – 700091

source : http://www.india.gov.in/outerwin.php?id=http://rehabcouncil.nic.in/olink/rights_privileges2.htm#finance