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Schemes for tribals
National Scheduled Tribes Finance and Development Corporation (NSTFDC), under the Ministry of Tribal Affairs, extends concessional financial assistance to individuals or group of STs for undertaking income generation/ business activities for their economic empowerment.
National Scheduled Tribes Finance and Development Corporation (NSTFDC), under the Ministry of Tribal Affairs, extends concessional financial assistance to individuals or group of STs for undertaking income generation/ business activities for their economic empowerment. The financial assistance is extended through State agencies and certain PSU Banks/ RRBs for eligible STs upto Double the Poverty Line Income limit which is Rs 98,000 per annum for rural areas and Rs 1,20,000 per annum for urban areas.
Term Loan scheme: NSTFDC provides Term Loan for any income generation scheme costing up to Rs 25 lakh per unit. It meets up to 90% of the cost and the balance is met by way of subsidy/ promoter’s contribution/ margin money. Interest rate chargeable is 6% pa for loan up to Rs 5 lakh, 8% pa for loans ranging between Rs 5 lakh to Rs 10 lakh and 10% pa for loan exceeding Rs 10 lakh on the entire amount of loan.
Adivasi Mahila Sashakti KaranYojana: Scheduled Tribes women can undertake any income generation activity. Loans up to 90% for scheme costing up to Rs1 lakh are provided at a concessional rate of interest of 4% pa. Micro Credit Scheme for Self Help Groups: The Corporation provides loans up to Rs50,000 per member and Rs 5 lakh per Self Help Group (SHG). Interest rate chargeable is 6% pa.
Adivasi Shiksha Rrinn Yojana: Financial assistance up to Rs 5 lakh at concessional rate of interest of 6% per annum is provided to ST students for pursuing professional/ technical education including PhD in India.Tribal Forest Dwellers Empowerment Scheme: NSTFDC provides financial assistance to Scheduled Tribes given land rights under Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006. Loan up to 90% of the scheme costing up to Rs1 lakh can be provided at rate of interest of 6% pa.
Scheme for NGOs/ EVAs: This is a newly launched scheme under which NSTFDC provides loans up to Rs 50,000 per member and Rs 5 lakh per Self Help Group (SHG) through NGOs/ EVAs. The interest rate chargeable is 12% p.a. from members of SHGs against which they will get an interest incentive of 4% on timely payment thus making the effective rate of interest to 8%.
