Pattern of Finance
NATIONAL BACKWARD CLASSES FINANCE AND DEVELOPMENT CORPORATION (NBCFDC)
PATTERN OF FINANCE (w.e.f. 01.04.2024)
| Loan Shceme | |
|---|---|
| (i) INDIVIDUAL LOAN SCHEME | (ii) GROUP LOAN SCHEME |
| S.No. | Name of Scheme | Max. Loan Limit Per Beneficiary and Group | Pattern of Finance # | Rate of Interest Per Annum | Repayment Period * | ||
|---|---|---|---|---|---|---|---|
| NBCFDC Share | SCA or Benf. | SCAs/Bank | Benef. | ||||
| 1. | INDIVIDUAL LOAN SCHEME | ||||||
| (a) | For Income Generating Activities | Rs.25.00 Lakh |
85% |
15% | Upto Rs. 1.25 lakh | 4 Year | |
| 4% | 7% | ||||||
| Rs.1.25 Lakh to Rs. 25.00 lakh | 7 Year | ||||||
| 5% | 8% | ||||||
| (b) | For Education
| Rs.25.00 Lakh | 5% | 8% | Max. 10 Years## | ||
| 2 | Group Loan Scheme** | ||||||
| (a) | To SCAs or Banks | Rs.1.25 Lakh (Max Rs. 25.00 Lakh per group) | 90% | 10% | 4% | 7% | 3 Years |
| (b) | To NBFC-MFI or similar Financial Institutions | Rs.1.25 Lakh (Max Rs. 25.00 Lakh per group) | 6% | 16% | 3 Years | ||
Note: All Schemes carry timely payment rebate on annual basis @1% to be equally appropriated between Channel Partners and Beneficiaries
# In case of Refinance by Banks, NBCFDC loan will be available upto 100% loan outstanding of eligible beneficiaries, however, disbursement will be made as per Bank's specific demand.
## Applicants must have got admission in duly accredited/recognized institute and scored minimum 50% marks in qualifying examination.
* Moratorium period is 1 Quarter under all Loan Schemes except Education Loan wherein moratorium period is 5 years.
** SHGs with atleast 60% members belonging to OBC provided other members are from other weaker sections are eligible for availing loan under Group Loan Scheme
a. Advance funds. Submission of UC beyond stipulated 90 days shall attract higher rate of interest as per detail given below:
| Utilization (No. of days) | Rate of Interest (p.a.) |
| 1-90 days | 3% |
| 91-180 days | 6% |
| Above 180 days | 8% |
Channel Partner is required to refund the un-utilized funds after a period of 180 days.
b. Refinance: The amount of refinance should be appropriated in the beneficiaries Aadhar linked loan account within 10 working days of drawl from NBCFDC as per Rate of Interest under NBCFDC scheme.
Banks may claim refinance of outstanding balance under Education Loan irrespective of year of loan disbursement.
