|
Purpose
|
The provide loan/ limit to identified manual scavengers/sanitation workers for their rehabilitation |
|
Eligibility |
Manual Scavengers/Sanitation Workers/ Waste pickers and their dependents i.e. spouse or children/ Persons engaged in cleaning of sewers and septic tanks |
|
Nature of facility |
Term Loan/Cash Credit |
|
Margin |
NIL |
|
Quantum of Loan |
Individual : Rs 15.00 Lakhs SHGs/Groups : Rs 50.00 Lakhs |
|
Interest
|
MCLR *For projects up to Rs 1.00 Lakh : Men - 5% p.a. and Women - 4% p.a. *For projects above Rs 1.00 Lakh : 6% p.a. (*Interest subsidy- difference of Interest charged and chargeable as per scheme will be paid by NSFDC /SCAs) |
|
Repayment
|
Up to Rs 5.00 Lakh : 60 months Above Rs 5.00 Lakh : 84 months |
|
Security |
Primary : Asset created out of Bank finance Collateral : No collateral (loans will be covered under relevant guarantee scheme) |
