Eligiblity

• Persons belonging to backward class

Benefit

• The Corporation releases 30% or maximum of Rs.10,000/-subsidy for the project cost up to Rs. 25,000 and for the project cost of Rs. 25,001 to Rs. 1.00 lakh, the Corporation releases 20% margin money and subsidy of Rs.10,000/- per beneficiary.
• For the projects above Rs.1.00 lakh, the Corporation releases 20% Margin Money only.
• The Corporation charges 4% interest p.a. on margin money.

Objectives

Under this scheme, the Corporation extends loan to Backward Classes upto Rs. 5.00 lakh unit cost, to take up financial development activities in collaboration with Bank /Financial institutions.

Loan Amount

• The Corporation releases 30% or maximum of Rs.10,000/- subsidy for the project cost up to Rs. 25,000 and for the project cost of Rs. 25,001 to Rs. 1.00 lakh, the Corporation releases 20% margin money and subsidy of Rs.10,000/- per beneficiary.

 • For the projects above Rs.1.00 lakh, the Corporation releases 20% Margin Money only.

 • The Corporation charges 4% interest p.a. on margin money.