Scheme of Financing Construction Of Commercial/Business Premises For Starting Self Employment Activity to PwDs.
Purpose
To provide financial assistance in form of loan to the target group for construction of Commercial/Business premises on own loan/long terms lease for starting self employment activity.
Objective
The main objective of the Scheme is to assist the needy disabled persons by providing composite concessional loan for construction of Commercial/Business premises and starting self employment activity. The Commercial/Business premises constructed under the Scheme must be approved by concerned department i.e. Development Authority or Urban Improvement Trust etc.
Financed to be provided
For construction of Commercial/Business premises and for starting self-employment activity.
Eligibility
- As per NHFDC norms for self-employment loan.
- Land on which construction of Commercial/Business premises is proposed should be owned by applicant or it is on long term lease of above 20 years from Government authority. As on date of application to NHFDC the lease period remain should be 20 year.
Amount of Loan
Loan up to Rs.3.00 lakh (Loan amount shall be determined depending on the repaying capacity of the borrower within the repayment period.)
| Loan Amount | To be paid by SCAs to NHFDC | To be paid by NGO to SCAs |
| Upto Rs. 50,000/- | 2.00% | 5.00% |
| Above Rs. 50,000/- and upto Rs. 3.0 lakh | 3.00% | 6.00% |
| ( Note: A rebate of on interest is given to beneficiaries under scheme, as per prevailing NHFDC norms. ) | ||
Repayment of Loan
The loan is to be repaid within 10 years
Procedure for Obtaining Loan
Application in the prescribed format is to be submitted to the State Channelizing Agency or implementing agency as nominated by NHFDC for sanction of loan as per procedure laid down in the lending policy of National Handicapped Finance and Development Corporation.
Other terms & conditions of loan under the scheme shall be as per the lending policy of NHFDC for self-employment
Rights of NHFDC
In case of any dispute, decision of the CMD, NHFDC will be final & binding
Download State Agency for NHFDC
- NHFDC – State Channelising Agency(SCAs) – [pdf, 110KB]
- NHFDC -State Channelising Agency ( RRBs, PSBs) – [pdf, 68KB]
- NHFDC -State Channelising Agency ( Public Sector Banks) – [pdf, 52KB]
- NHFDC -State Channelising Agency (others) – [pdf, 28KB]
Contact Details
National Handicapped Finance and Development Corporation
(Department of Empowerment of Persons with Disabilities, Ministry of Social Justice & Empowerment)
Corporate Office:
PHD Chamber of Commerce and Industry, PHD House, 4/2 Siri Institutional Area, August Kranti Marg, New Delhi-110 016.
Phone :
(011)45088636 PS to CMD
(011)45088638
(011)40541355 (Scholarship)
(011)45803730
TeleFax:
(011) – 45088636
Registered Office:
Red Cross Bhawan, Sector-12, Faridabad – 121007
Phone : (0129) 2287512, 2287513, 2226910
TeleFax: (0129) – 2222339,2284371
E-mail : nhfdc97@gmail.com