New Swarnima Scheme For Women

Under this scheme, the eligible woman entrepreneur can obtain a term loan of max. [?]1,00,000/- @ 5% per annum.

The beneficiary women is not required to invest any amount of her own on the projects upto cost of Rs.2,00,000/-.

The rate of interest would be as follows -
NBCFDC to SCA: 2% per annum
SCA to Beneficiary: 5% per annum

Loan is to be repaid in quarterly instalments with maximum 8 years (including the moratorium period of six months on the recovery of principal).

The loan will be provided up to 95% and balance 5% provided by the State Channelizing Agencies (SCAs) or Beneficiary contribution. The utilization period is 4 months from the date of disbursement of the loan.

Yes, the scheme is open to women entrepreneurs from all the categories.

Yes, the applicant should be atleast 18 years in age in order to be eligible to apply to this scheme. You are therefore eligible to apply.

No, as per the latest guidelines, this scheme is not meant for male entrepreneurs.

NBCFDC supports the economically weaker section in developing self-employment ventures only under the following sectors:
Agriculture and Allied Activities.
Small Business.
Artisan and Traditional Occupation.
Technical and Professional Trades/Courses.
Transport and Service Sector.

Yes, the Toll Free Number is 18001023399.

NBCFDC grants financial assistance through State Channelising Agencies (SCAs). Also, they provide funding through SCAs/ Self Help Groups (SHGs). The SCAs or Banks will release up to 50% of total funding to women with annual income up to Rs.1.50 Lakh.

The mandatory fields have a red asterisk (*) mark at the end.