About this banking scheme
Scheduled Caste entrepreneurs can get term loans up to Rs. 50,00,000 for income-generating projects. The application is ongoing and can be submitted offline through designated banks or agencies.
The Credit Based Schemes for SC – Term Loan (TL) is a government initiative aimed at helping Scheduled Caste individuals. The scheme provides financial support for viable income-generating projects.
It is managed by the National Scheduled Castes Finance and Development Corporation (NSFDC) under the Ministry of Social Justice and Empowerment.
Beneficiaries can receive loans covering up to 95% of the project cost, with a maximum limit of Rs. 50,00,000.
This scheme is crucial for empowering entrepreneurs from Scheduled Castes, enabling them to start or expand their businesses.
Benefits at a glance
| Scheme name | Credit Based Schemes For SC – Term Loan (TL) (CBSSC-TL) |
|---|---|
| Launched by | Ministry Of Social Justice and Empowerment |
| Launch year | 2014 |
| Benefit | Rs. 10,000 or 50% of the unit cost, whichever is less. |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | Central · All India |
| Official portal | nsfdc.nic.in (link at the end of this page) |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Implementing agency | National Scheduled Castes Finance And Development Corporation (NSFDC) |
| Scheme for | Infra |
| Application mode | Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Loan repayment schedule | Repayment terms are set by the Channelizing Agencies. |
| Maximum subsidy amount | Rs. 10,000 or 50% of the unit cost, whichever is less. |
| Income limit for applicants | Annual family income must be up to Rs. 3.00 lakhs. |
| Project viability assessment | Projects must be appraised and found viable by the concerned agency. |
Who can apply (quick check)
- 👤All genders
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Financial assistance of up to 95% of the project cost.
- Maximum project cost covered is Rs. 50,00,000.
- Beneficiary contribution: 2% for projects up to Rs. 5,00,000; 3% for projects between Rs. 5,00,000 and Rs. 10,00,000; 5% for projects above Rs. 10,00,000.
- Subsidy of Rs. 10,000 or 50% of the unit cost for eligible beneficiaries below the poverty line.
- Interest rates: 6% for loans up to Rs. 5,00,000; 8% for loans between Rs. 5,00,000 and Rs. 10,00,000; 9% for loans above Rs. 10,00,000.
Funds are disbursed through various banks and agencies after project approval and completion of necessary formalities.
Who qualifies
- The applicant must belong to the Scheduled Caste category.
- The applicant should be self-employed or an entrepreneur.
- A viable project proposal for an income-generating activity must be submitted.
- Applications must be made through designated banks or agencies associated with NSFDC.
Who is not eligible
- No specific exclusions mentioned; however, applicants not belonging to the Scheduled Caste category are ineligible.
Papers to keep ready
0/4 documents ready
Tap a document to mark it as ready. Progress is saved on this device.
Registration walkthrough
- Contact the nearest Channelizing Agency or bank associated with NSFDC.
- Prepare and submit a project proposal along with required documents.
- The agency will scrutinize and appraise the project for viability.
- If approved, the project will be forwarded for sanction.
- Upon sanction, accept the terms and conditions and fulfill any necessary norms.
- Funds will be disbursed to the agency for onward distribution.
To check the application status, contact the Channelizing Agency where you submitted the application. They will provide updates on your application and disbursement process.
Important dates
| Launch / start | 18 Jul 2014 |
|---|
Real-life examples: are you eligible?
A quick way to gauge your eligibility: find the profile nearest to yours.
Every case differs. Confirm your eligibility on the official portal before applying.
- Not submitting a viable project proposal can lead to rejection.
- Inaccurate or incomplete documents may cause delays or denials.
- Missing the application submission deadline can disqualify an applicant.
- Not following the prescribed contribution rules can lead to issues.
- Submitting applications to the wrong agency can result in rejection.
Frequently asked questions
What is the purpose of the Term Loan (TL) Scheme?
It provides financial assistance for income-generating activities for Scheduled Caste beneficiaries.
How much can I borrow under this scheme?
You can get loans up to Rs. 50,00,000, covering up to 95% of the project cost.
What is the interest rate on the loans?
Interest rates vary from 6% to 9% depending on the loan amount.
How do I apply for the loan?
You need to apply offline through a Channelizing Agency or bank associated with NSFDC.
Is there any subsidy available?
Yes, eligible beneficiaries below the poverty line can receive a subsidy of Rs. 10,000 or 50% of the unit cost.
What happens after I submit my application?
Your application will be reviewed for viability, and if approved, it will be forwarded for sanction.
Can I apply if I am not self-employed?
No, only self-employed individuals or entrepreneurs can apply.
Where can I find more information about the scheme?
You can contact the nearest Channelizing Agency for more details.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Official Website nsfdc.nic.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
First draft prepared with editorial AI tools; every fact verified against the official notification and rewritten by our team.
Explore more
