National Scheduled Tribes Finance and Development Corporation (NSTFDC), under the Ministry of Tribal Affairs, extend financial assistance at concessional rates of interest to Scheduled Tribes for undertaking income generation activities. NSTFDC implements following schemes for self-employment of Scheduled Tribes who are unemployed or underemployed:
Term Loan scheme: NSTFDC provides Term Loan for any income generation scheme costing upto ₹25.00 lakhs per unit. The financial assistance is extended upto 90% of the cost of the scheme and the balance is met by way of subsidy/ promoter's contribution/ margin money. The interest rate chargeable is 6% p.a. for loan upto Rs 5 lakhs, 8% p.a. for loans ranging between Rs 5 lakhs to Rs 10 lakhs and 10% p.a. for loan exceeding Rs 10 lakhs on the entire amount of loan.
Adivasi Mahila Sashaktikaran Yojana (AMSY): Under the scheme, Scheduled Tribes women can undertake any income generation activity. Loans upto 90% for scheme costing upto ₹1 lakh are provided at a concessional rate of interest of 4% p.a.
Micro Credit Scheme for Self Help Groups: The Corporation provides loans upto Rs 50,000/- per member and Rs 5 Lakhs per Self Help Group (SHG). The interest rate chargeable is 6% p.a.
Adivasi Shiksha Rrinn Yojana: Under this scheme, financial assistance upto Rs 5.00 lakh at concessional rate of interest of 6% per annum is provided to ST students for pursuing professional/ technical education including Ph.D. in India.
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