About this banking scheme
Under this scheme, credit of up to Rs. 20,00,000/- under Credit Line-1 and up to Rs. 30,00,000/- under Credit line -2 is extended to beneficiaries among minority communities at 6% p.a. & 8% p.a. respectively for financing economically viable income generation ventures.
Under this scheme of NMDFC, credit is extended for financing economically viable income generation ventures. Loan of upto Rs. 20,00,000/- under Credit Line-1 and upto Rs. 30,00,000/- under Credit line -2 is extended to beneficiaries at 6% p.a. & 8% p.a. respectively. Further, concession of 2% is extended to women beneficiaries under Credit Line-2.
Benefits at a glance
| Scheme name | Term Loan Scheme of NMDFC (TLS-NMDFC) |
|---|---|
| Launched by | Ministry Of Minority Affairs |
| Benefit type | Composite (cash plus goods or services) |
| Category | Banking |
| Level / State | Central · All India |
| Official portal | nmdfc.org (link at the end of this page) |
Key facts
| Scheme type | Centrally Sponsored Scheme |
|---|---|
| Implementing agency | National Minorities Development & Finance Corporation |
| Scheme for | Individual |
| Application mode | Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18+ years
- 🏷️General
- 🕌Minorities only
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Concessional Credit to the beneficiaries among minority communities.
Who qualifies
a) The applicant must be Indian and belong to one of the six notified minority communities: Muslim, Christian, Sikh, Buddhist, Parsi, or Jain.
b) The annual family income should not exceed:
Rs. 3.00 lakh per annum under Credit Line–1.
Rs. 8.00 lakh per annum under Credit Line–2.
c) The applicant must be 18 years or above and capable of undertaking self-employment activity.
d) The applicant should not have any outstanding loan or default under any Central/State Government financing scheme.
e) The project proposal should be economically viable and technically feasible.
f) The applicant must have a valid Aadhaar-linked bank account, residence proof, income certificate, and minority community certificate issued by a competent authority.
g) Preference shall be given to women, youth, and occupational groups belonging to the minority communities.
h) Insurance of the borrower and assets financed is mandatory under NMDFC guidelines.
Who is not eligible
- Other than Six Notified minority communities having annual family income of more than Rs. 3.00 Lakhs under credit line 1 and of more than Rs.8.00 Lakhs under credit line 2.
Papers to keep ready
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Registration walkthrough
Offline
- NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners (Presently through Canara Bank & Punjab Grameen Bank).
Frequently asked questions
Who can apply for the NMDFC Term Loan Scheme?
The Term Loan Scheme is open to individuals belonging to one of the six notified minority communities (Muslim, Christian, Sikh, Buddhist, Parsi, and Jain). The applicant must have an annual family income of up to Rs. 3.00 lakh under Credit Line–1 and up to Rs. 8.00 lakh under Credit Line–2.
What is the maximum amount of loan available and what are the interest rates?
Under Credit Line–1, loans up to Rs. 20.00 lakh are available at 6% interest per annum.
Under Credit Line–2, loans up to Rs. 30.00 lakh are available at 8% interest per annum for male beneficiaries and 6% for female beneficiaries.
What is the repayment period and moratorium for the Term Loan?
A moratorium period of six months is provided, after which the beneficiary must repay the loan within five years.
What kind of activities can be financed under the Term Loan Scheme?
Term loans can be availed for any viable income-generating project, including activities in agriculture & allied sectors, technical trades, small businesses, transport services, and traditional occupations.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- NMDFC Lending Policy www.nmdfc.org
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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