Financial Assistance to Persons with Disabilities

National Handicapped Finance & Development Corporation (NHFDC) :Financial Assistance to Persons with Disabilities

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 CostNHFDC ShareCh. Agency sharePromoter’s ShareRate of interest
    Less than Rs.50,000100%NilNil5% p.a.
    Above Rs.50,000 & less than 1 lakh95%5%Nil6% p.a.
    3. Above 1 lakh & less than 5 lakhs90%5%5%9% p.a.
    Above 5 lakhs85%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)


    Channelising agency in the respective states :

    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,
    Hyderabad – 500063 (Andhra Pradesh)
    Bihar State Backward Classes Finance & Development Corporation,
    4th Floor, Sone Bhawan,
    Birchand Patel Marg,
    Patna – 800001 (Bihar)
    Chandigarh Child & Women Development Corporation Limited,
    Town Hall Building,
    3rd Floor, Sector-17-C,
    Daman & Diu
    B.D.O.Fort Area,
    Moti Daman – 396220 (Daman & Diu)
    Delhi Financial Corporation
    E-Block, Saraswati Bhawan,
    Connaught Place,
    New Delhi 110 001
    Goa State Scheduled Caste and OBC Finance Development Corporation Ltd.,
    4th floor, Patto Centre,
    Near Kadamba Bus Stand,
    The Gujarat Women Economic Development Corporation Limited,
    Block No.8, 8th floor,
    Udyog Bhawan,
    Gandhi Nagar – 382011
    Haryana Backward Classes & Economically Weaker Section Kalyan Nigam,
    S.C.O. No.813 -14
    Sector – 22A,
    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,
    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
    Sh.T.P.Mukundan, MD,
    Kerala State Handicapped Persons Welfare Corporation,
    (A Govt.of Kerala Undertaking.)
    Thiruvananthapuram, Kerala
    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,
    Bhopal – 482001 (M.P)
    Mahatma Phule Backward Class Development Corporation Ltd.,
    Supreme Shopping Centre, Gulmohar Cross Road,
    No.9, JVPD Scheme, Juhu,
    Mumbai – 400049
    Sh.A.Nabachandra Singh, Director,
    Department of Social Welfare,
    A.T.Line, 2nd M.R.Gate,
    Imphal – 795001 (Manipur)
    Mizoram Co-operative Apex Bank LTd.,
    Department of Social Security & Welfare
    Mahila Vikas Samabaya Nigam,
    Qtrs.No.A/5, Ynit-V,
    Bhubaneswar – 751001 (Orissa)
    Mrs.Smitha R.,MD.,
    Pondicherry Corporation for Development of Women LTd.,
    10, 1 Lango Nagar,
    Pondicherry – 605011
    Social Security and Women & Children Development
    Govt.of Punjab (Chandigarh)
    Rajasthan Scheduled Castes & Scheduled Tribes Finance & Development
    Co-operative Corporation,
    Nehru Sahakar Bhawan,
    Central block, 3rd Floor,
    Bhawani Singh Marg,
    Jaipur (Rajasthan)
    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,
    b) Sh.Sita Ram Verma,(MD),
    Uttar Pradesh Sahakari Gram,
    Vikas Bank Limited,
    c) Uttar Pradesh Financial Corporation
    West Bengal
    West Bengal Women Development Undertaking
    LA Block, Sector III, Salt Lake City,
    Calcutta – 700091

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