General Loan Scheme: Himachal Pradesh

Details of General Loan Scheme
ParticularsDescription
Name of the SchemeGeneral Loan Scheme
Sponsored byBoth: Central & State Government
Funding PatternThe loan funding pattern is: 85% by NBCFDC, 10% by the HBCFDC and the remaining 5% by the beneficiary. Interest rate is lower than the banks and loan in repayable in 5 years in 20 installments.
Ministry/DepartmentOther Government Organisation
DescriptionIn this scheme, the loan is disbursed to persons belonging to the other backward classes for starting a project under 4 sectors i.e., Small Business Sector, Agriculture & Allied Sector, Transport Sector & Service Sector for 52 Schemes approved by the NBCFDC, New Delhi.
BeneficiariesCommunity,
Benefits
Benefit TypeLoan,
Eligibility criteriaMust belong to Other Backward Classes and should be between 18 and 55 years of age. Further the beneficiary should not be a bank loan defaulter.
How to AvailApproach office of Himachal Backward classes finance and development corporation along with proof of age and caste.
Validity of the Scheme
Introduced On 03 / 04 / 2008
Valid Upto 31 / 12 / 2010
Reference URLhttp://himachal.nic.in/hbcfdc/schemes.htm (External website that opens in a new window)

Source: National Portal Content Management Team  (Himachal Pradesh, 20-01-2010)