Individual Loan Scheme
A programme by National Backward Classes Finance and Development Corporation (NBCFDC) (National Backward Classes Finance and Development Corporation)
Concessional loans to individual members of Backward Classes for income-generating activities and for education, given through Channel Partners.
At a glance
| Best for | Individual members of Backward Classes starting or running an income-generating activity, or funding education |
|---|---|
| Duration | Repayment periods depend on the loan size and purpose |
| Run with | State Channelising Agencies, Partner banks |
About Individual Loan Scheme
The Individual Loan Scheme is NBCFDC's loan for an individual member of a Backward Class who wants to start or run an activity that can produce sustainable income, or who needs to fund education.
What you get
- A loan for the activity or course you apply for, processed through the Channel Partner.
- Interest set by the scheme, lower for the Channel Partner than for the beneficiary, with a timely-payment rebate shared between them.
Who can apply
- Members of Backward Classes as notified by the Central or State Government.
- Applicants whose annual family income is within the limit the scheme sets. The NBCFDC pages state this limit differently, so confirm it locally.
How selection works: the Channel Partner processes the loan under its own due process.
How to apply: apply on the prescribed form at the district office of the Channel Partner where you live, or register online on the NBCFDC website.
Where to apply
Other NBCFDC programmes
- Group Loan SchemeLoans to Self Help Groups, at least 60% of whose members are from Backward Classes, for credit to members through Channel Partners.
- National Fellowship for Other Backward Classes (NFOBC)A fellowship for OBC students pursuing full-time M.Phil and Ph.D degrees, for which NBCFDC is the nodal agency.
Everything about National Backward Classes Finance and Development Corporation (NBCFDC)