NBCFDC General Loan Scheme
Loan up to ₹15 lakh · 6%+ interest tiered by amount · backward classes India
The NBCFDC General Loan Scheme provides affordable term loans of up to ₹15 lakh to OBC (Other Backward Class) entrepreneurs for income-generating activities including agriculture, small businesses, transport, and professional courses. Interest rates are tiered between 6–8% depending on loan size — far below typical commercial rates. Apply online at nbcfdc.gov.in or visit your State Channelizing Agency or local rural/public sector bank.
About This Scheme
The NBCFDC General Loan Scheme provides affordable term loans of up to ₹15 lakh to OBC (Other Backward Class) entrepreneurs for income-generating activities including agriculture, small businesses, transport, and professional courses. Interest rates are tiered between 6–8% depending on loan size — far below typical commercial rates. Apply online at nbcfdc.gov.in or visit your State Channelizing Agency or local rural/public sector bank.
Full official description
A general loan scheme by the Ministry of Social Justice for Indian citizens from backward classes for various income-generating activities. Loan up to ₹15 Lakh per beneficiary for pursuing income-generating activities such as Agriculture and Allied Activities, Small Business/Artisan & Traditional Occupation, Transport Sector & Service Sector, and Technical & Professional Trades/Courses.
Benefits
- Loans up to ₹5 lakh at 6% interest per annum
- Loans from ₹5–10 lakh at 7% interest per annum
- Loans from ₹10–15 lakh at 8% interest per annum
- Can be used for agriculture, small business, artisan trades, transport, services, or technical/professional education
💡 Why Startups Should Care
This general-purpose loan's broad eligible activities — agriculture, transport, technical/professional trades — make it flexible enough for almost any backward-class entrepreneur's business idea, with the interest rate staying reasonable even at the ₹15 lakh ceiling.
Who Can Apply (Eligibility)
- Must be an entrepreneur from a Backward Class (OBC)
- Total family annual income must be less than ₹3 lakh per year
Exclusions
Not applicable (per scheme documentation)
How to Apply
- Obtain the prescribed application form from your nearest NBCFDC Channel Partner.
- Fill in your personal, income, and business activity details.
- Attach identity proof, caste certificate, and passport photo.
- Submit the application to the Channel Partner for review.
- On approval, the loan is disbursed as per the sanctioned amount and interest tier.
Frequently Asked Questions
What is the maximum size of the loan under this scheme?
Under this scheme, the eligible entrepreneur can obtain a loan of max. [?]15,00,000 per beneficiary.
How much will be the interest rate for the loan?
The rate of interest would be as follows - Loan up to [?] 5.00 Lakh: 6% per annum Loan above [?]5.00 Lakh up to [?] 10.00 Lakh: 7% per annum Loan above [?]10.00 Lakh up to [?] 15.00 Lakh: 8% per annum
By when am I expected to repay the loan?
Loan is to be repaid in quarterly instalments with maximum 8 years (including the moratorium period of six months on the recovery of principal).
I seek to know more about the Pattern of Financing?
The loan will be provided up to 85% and balance 15% provided by the State Channelizing Agencies (SCAs) or Beneficiary contribution. The utilization period is 4 months from the date of disbursement of the loan.
Can women entrepreneurs also apply to this scheme?
Yes, the scheme is open for income generating activities. Women entrepreneurs are therefore eligible to apply.
Should the project / venture need to be from a specific sector in order to be eligible for the Swarnima scheme?
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.
Is there a helpline number where I can get answers for my queries reg. the application process?
Yes, the Toll Free Number is 18001023399.
What are SCAs?
Ans. NBCFDC grants financial assistance through State Channelising Agencies (SCAs). Also, they provide funding through SCAs/ Self Help Groups (SHGs).
How do I know if a field in the application form is mandatory?
The mandatory fields have a red asterisk (*) mark at the end.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Proof of identity (Aadhaar card)
- Relevant caste certificate issued by District Administration
- Passport-size photograph of the applicant