Interest free Loan Assistance from National Handicapped Finance and Development Corporation (NHFDC). surety (Upto Rs.25,000/-), 2 Surety (Upto Rs.50,000/-) and Collateral security (Above Rs.50,000/-)
The majority of disabled population is constantly in need of small loans for sustaining their existing employment, for generation of further employment as also for meeting varied personal and social needs.
Under the Scheme for Public Sector Banks for Orphanages, Women’s Homes and Physically Handicapped Persons, the benefits of the differential rate of interest are available to physically handicapped persons as well as institutions working for the welfare of the handicapped.
Promote economic developmental activities for the benefit of persons with disabilities. 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. For Agricultural Activities : Loan upto Rs.5.00 Lakhs
The Government of India, Ministry of Social Justice & Empowerment had established NSKFDC on 24th January, 1997 to provide Term Loan to Safai Karmacharis including scavangers and heir dependants, at concessional rate of interest for their socio- economic upliftment through alternative occcupation or own business.
NSFDC is the apex organisation to finance income generating ventures of SCs and to provide grant for skill development programs through State Channelising Agencies . The NSFDC has various schemes / loan lending programmes such as Term Loan,Seed Capital Loan, Bridge Loan, Working Capital Loan, Micro Credit Finance Scheme, Mahila Samridihi Yojana etc. to BPL families as well as APL families.
The loan lending schemes are : Ter m Loan, Br idge Loan, Adivasi Mahila Sashaktikarana Yojana, Working Capital Loan, Grant for skill and entrepreneural development programme etc.
Development Corporation should be extended and utilised by PWDs belonging to SC/ST/OBC/Minority/Women categories. Section-40 of PWD Act, 1995 has made mandatory that not less than 3% reservation shall be kept for PWDs in poverty alleviation programs.
The nationalized banks provide loan to poor people, including persons with disabilities and the institutions working for PWDs, orphanage, women etc., who desire to engage themselves in productive activities or gainful business, at the very nominal rate of interest. There is provision that all nationalized banks should try their level best to provide at least 1% DRI loan of total credit amount.
Under the schemes of public sector banks for the welfare of physically handicapped persons, differential interest rates are available to physically handicapped persons as well as institutions working for the welfare of the handicapped.