The main objective of the Scheme is to assist the needy disabled persons by providing concessional loan for economic and overall empowerment.
Table of Content
- Purpose
- Eligibility criteria
- Rate of Interest for lending
- Amount of Loan
- Type of loan
- Repayment of Loan
- Prepayments
- Security
- Procedure for Obtaining Loan & other terms &conditions
- Rights of NHFDC
- Other Terms and Conditions
Purpose
To provide concessional credit for the benefit of the persons with disabilities (Disability as defined in PwD Act, 2016 or its amendments) for:
- Starting any activity contributing directly or indirectly in the income generation or helping PwD in their overall process of empowerment.
- Pursuing higher education after class 12 th (UG, PG,Professional courses and other courses approved by UGC/AICTE/ICAR/Government etc)
- Pursuing vocational or skill development (ITI, Diploma any other course leading to enhancement of employment or self employment)
- Purchase and/or fitment of any assistive device(s)/customization/retrofitting or conversion of available machine, equipment, vehicle to disabled friendly mode
Eligibility criteria :
- Any Indian citizen with 40% or more disability (Disability as defined in PwD Act, 2016 or its amendments).
- Age above 18 years. However, in case of persons with mental retardation, the eligible age would be above 14 years. The age criteria would not be required for educational loans. Age certificate issued by competent authority authorized by the State Government or as mentioned in the 10 th certificate or any other certificate issued by the government would be the required document.
Rate of Interest for lending
The financial assistance extended by NHFDC shall carry simple interest at the following rates per annum, wherever specific rates are not provided in the concerned loan schemes:-
| Loan amount (Rs.in lakhs) | Rate Interest (%) | Implementing Agency margin (%) | Rate of Interest to PwDs (%) |
| less than 0.50 | 2 | 3 | 5 |
| Above 0.50 – 5.0 | 3 | 3 | 6 |
| Above 5.0 – 15.0 | 3 | 4 | 7 |
| Above 15.0– 30.0 | 4 | 4 | 8 |
| Above 30.0- 50.0 | 4.5 | 4.5 | 9 |
Rebate : A rebate of 1% in interest will be allowed to women with disabilities/persons with disabilities other than OH in self employment loans of upto Rs.50,000/- . The rebate will be borne by NHFDC.
Amount of Loan
The upper limit to extend concessional credit through various NHFDC schemes would be Rs.50.0 lakhs per beneficiary/unit. The actual loan amount within the upper limit of Rs.50.0 lakhs shall be determined by implementing agencies based on the needs of the activity/project being funded as well as repaying capacity of the borrower within the maximum repayment period.
Type of loan
The nature of the loan could be term loan / working capital loan / promoter contribution towards the loans being sanctioned by other financial institutions.
Repayment of Loan
SCAs would be at liberty to decide activity wise/ case-wise repayment schedule within overall limit of 10 years from the date of disbursement of loan.
Prepayment
The borrower can repay the loan any time after commencement of repayment without having to pay any prepayment charges.
Security
- Implementing Agencies should strive to seek requisite security as per their respective policies and may also try to cover any portion of the loan not covered with ample security/collateral security through Central Government Guarantee schemes. In order to further securitize the loan, implementing agencies may also consider co-opting family member, as defined in Companies Act, as the co-applicant in the loan.
- The implementing agencies should ensure adequate insurance coverage of the assets and beneficiaries. The cost of insurance coverage of the beneficiaries should be borne under various insurance schemes implemented by Central and State Government & Insurance companies for weaker sections. The insurance cost of assets should be part of the project cost and should be funded as such.
Procedure for Obtaining Loan & other terms &conditions
Application in the prescribed format is to be submitted to the implementing agency for sanction of loan as per procedure & general terms & conditions as laid down, from time to time, by National Handicapped Finance and Development Corporation.
Rights of NHFDC :
In case of any dispute, decision of the CMD, NHFDC will be final & binding
Other Terms and Conditions :
Other terms & conditions for the Scheme will be as per the guidelines issued by NHFDC for credit based funding schemes.
Hii sir I am rabindra ray I am a handicapped persons my parsente 65 % pls any job requirements
I am a 41 percent disable person, I am hard to survive so I want loan to Buy a new house required 300000 lac. for Home Loan kindly help me. Vivek Govind Choudhary mob. 76660 66893, 88509 42419, Email. deepak_net1@rediffmail.com
Sir I am kuresh pradhani from odisha. i am doing now small business. i want some money for business growth. i want 1 Lakh loan do for business. please sir help me. Mob – 9827268889
SAMMENGIN NAGAMANI WORKING AS ANGANWADI HELPER. MONTHLY 7000/- PER MONTH SALARY. MY HUSBAND EXPIRED… MY SONS BOTH ARE MENTALLY DISABLED PERSONS . 50 % ABOVE AND BOTH ARE FULLY DEPEND UPON ME……. HOSPITALISATION PURPOSE/TRANSPORT AND FAMILY MAINTENANCE COST IS HIGHER IN NOWADAYS… KINDLY HELP ME AND SAVE MY CHILDREDN LIFE….. . I HAVE APPLY THIS LOAN. GIVE ME DETAILS ..MY PHONE NUMBER . 9848652595.
Borne iam handicapped please help me
Sir iam Saravana Rajesh from Tamil Nadu I need business loan 3 lakhs . Sir iam above fourth percentage
Sar I am 40% handicapped please mujhe business loan chahie
Sumita patra please share your resume to prthwinj@gmail.com with your credentials.
Help me sir i need lone I have 60 percent disability mobile number 9596967690 plz help
I am a 80 percent disable person my qualification MA i am married and have 2 daughter and hard to survive so I want loan for family. so I want to start business I have required 500000 lac. for business loan so kindly help me . Sanjeet kumar verma mob.. 8840291448. Email . vermasanjeet2008@ gmail. com
My son Mohammed Zaid is disabled by birth aged 15years. Need a business loan how can I get help please guide us.
Please help me. I want a job.7478099429
I need loan rs 15 laks for business
I am a 80 percent disable person my qualification inter i am married and have 4 children. 3 daughter and 1 son. and hard to survive so I want loan for family. so I want to start business I have required 300000 lac. for business loan so kindly help me . Pramod kumar singh mob.. 9939511403. Email . pramodkurdlm1982@ gmail. com
27 year girl have full body disability since birth
Her education is 12 th pass
If any concern for her plz tell
Contact no. 8585979212
Plz age 40yrs + 2 months accidentally leg handicapped, need job support.
Please want one govt job
I am Ngachanso Mungleng from Manipur, I am physically 45% handicap due to electrict burn when I was 13 years and know I am married and have 3 children and hard to survive, so I want loan for my family.
achanso.m@gmail.com
I OH Handicapped with Right Leg Polio with 55%, My qualification Post graduate in Applied Arts from Banaras Hindu University, in year 2002, after that my 18 years experience in printing, painting and designing line with teaching. so i want to start self business, i have required 3500000 lac. for business loan so kindly help me
Hi My name is Deepak Sonawane and I am physically handicapped and I am graduate my sister and brother they are also disabled. I want to start my own business. Can please someone guide me. My contact number is 9604307262
how to apply for this scheme
நான் எனக்கு என்று தனியாக வீடு கட்ட வேண்டும். அதற்கு அரசின் மூலமாக ஏதாவது உதவி கிடைக்குமா
I am Dayanand Gawade I completed MSc BEd NET in maths please give me permenent job 9273857158
I I’m MUJASSAM A.SHAKUR UKAYE I’m physically handicap 40%.. I want loan for new vehicle truck, as I run TRANSPORT business on commission base so is there any loan scheme for vehicle. Hope so you will do needful thanking you . (7798554437)
hoe can i use this opportunity
Irequst sirmy name m.goutham imba student from Andhra any. Home based job. Can from pmschemes if kindly maddelagouthamgk@vnail.commy phone 8555064681
My Name is Laxman Naik I am Phisically Disable by polio any personal laon shceme which is low rate of interest is available my no is 9049848034 am from Goa
I am OH I WANT HOME LOAN CAN I GET any subsidy extra
I am a 60 percent disable person, i have job no land proverty ,no source of income. How i can get financial support from you.
Iama married human my father is a buisnessman when my age is 14 years this time my my father has heart attack then i should koin his buisness and handle with carefully with our staff now i am handicape for bike accident
My Name is swafar Ali I am a handicaped Person now and i have a smal Business to Beg making Centre . Business loan is needed, can you Help me,
PLGIve Upper Age Limit todvyang in gov jobs
Is there any agency available in Andhra Pradesh?? If yes, kindly provide me the details.
Thank you
Contact info: sri7775@gmail.com
My name is tanuj kumar swain
I am a handicapped person now and I have a small business to grow my infidelity
Business loan is needed, can you help me, how to apply for a business loan and from where to apply please help me
My Email id. tanujkumarswain@gmail.com
My mobile Number. 7735119499
How can I apply the loan and there is no subsidy sir iam a widow . Can help me what is procedure of loan applying . my number 688192360 & My E_mail: sbasharinisha@gmail.com
Where to apply for the loan
I am at Rajapur Ratnagiri District. Do you have any branch in our area or Mumbai. Plz give me the contact number. Thanks
How can take lone
Good sir myself uday Kumar R here from Bangalore I am physically handicapped persons paralyzed both left hand and left leg is paralyzed not able to do my routine work.now I am 53 years young iam a HR professionals having 8 years of experience in the field of HR executive recruitment.sourcing, client handling now because of this covid19 and my age nobody is hiring me for a job.hence I thought I can start my own HR company I need one 2 lakhs as a loan to start this company so kindly guide me my contact number is 8884551019/uday.inspire@gmail.com.
Respected sir /madam,
I am in northern karnataka district called Bagalkot, multiple disabled person (both hearing loss 100% and motor 76% ) I need to know the Implementing agency of my place, please send me the details to whom need to contact, telephone number, address, this will help me grate
Wast born handicapped 8n this country we are useless fellos , doset honest this society and govt
मी गुरुदेव बुल्ले मी अंधत्व आहे माझं शिक्षण एम.ए. अर्थशास्त्र असून मला नोकरीची गरज आहे. मला कोणताच आधार नसल्यमुळे मला कृपया मदत करावी . मो. नं. 7498777103
Hello Sir, I am purchase the house in Mumbai, but I have want to a divyangjan loan sir. I’m married two children’s so please help me sir I’m adjusting money out 2% percent of interest. so kindly please give a loan sir contact no. 9833291624.
I don’t think this is correct channel ,seems this is for showcase only ,they will not help
How can I tak loan
My child(son) is 33 years ols and his disability is 90% since childhood. We r now retired persons and sr citizens. Is their any scheme/ or maintenance plan for his monthly care.
Sir I am running a snacks business in Bangalore. I am a handicapped person. I want a business loan for my business improve can I get pls inform sir.
Can we use the amount to withdraw gold. Loan
sir I’m build a house in my own place. but I have want to a divyangjan loan sir. I’m married three children’s so please help me sir I’m adjusting money out 2&3% percent of interest. so kindly please give a loan sir contact no. 9849355984
Hi team
I am disabled person
I was availed agriculture loan amt 15 lack.
Afterwards I was met accident.
And no rain for Agri process.
And balance cspirac AMT not teleasre by bank.
I want disposal that loan amt.
My disaDisabi 80%.
Pls advise t ok me
Sir
My name is umesh I’m physically disabled person free loan service I am second year PUC completed I am staying home not working please help you sir
Please issue me govt. Schemes for Divyang & idea for loan for business purposes.(please help me guideline)
Thanks & Regards
Please give me a loan .because I am do the Besness start please help me
Does nhfdc provide home loan at competitive interest rates to pwd ?