Central Government · Ministry Of Social Justice and Empowerment
Green Business Scheme
Main benefit
Quantum of Assistance National Safai Karamcharis Finance and Development Corporation (NSFDC) would provide need-based loans under the scheme as permissible under the NSFDC Term Loan Lending Policy,…
Can you get this scheme?
Conditions at a glance
- Work: Business / self-employed
About
The Green Business Scheme has been launched by the National Safai Karamcharis Finance and Development Corporation (NSFDC) to provide financial assistance in the form of loans for activities that can tackle the impacts of climate change and also be income-generating. The income-generating activities that could mitigate the Green House effect or could be classified under adaptation initiatives, would be covered under the scheme.
Indicative schemes Battery electric vehicle(E-rickshaw), Compressed air vehicle, Solar energy gadgets, Poly houses.
Quantum of loan 90% of the Unit cost with a maximum of Rs. 2 lac. Quantum of loan shall, however, be reduced to the extent of the amount of subsidy available, if any. Promoters' contribution 10% of the unit cost
Benefits
- Quantum of Assistance National Safai Karamcharis Finance and Development Corporation (NSFDC) would provide need-based loans under the scheme as permissible under the NSFDC Term Loan Lending Policy, promoter contribution, and after taking into consideration the margin money being provided by Special Central Assistance (SCA), subsidies provided by other government agencies, and subsidies provided to below poverty line (BPL) beneficiaries under the Central-Sector Scheme of Special Central Assistance to the Special Component Plan, to the extent of ₹ 10,000/- or 50% of the unit cost, whichever is less. Interest Rates
- SchemeUnit Cost
- Maximum Loan Limit up to 90% of unit Cost
- Interest per Annum
- Interest per AnnumSCA/CABeneficiary
- Green Business Scheme (GBS)Up to Rs. 7.50 Lakh
- Rs. 6.75 lakh2%4%Above Rs. 7.50 lakh & up to Rs. 15.00 lakh
- Rs. 13.50 lakh3%6%Above Rs. 15.00 lakh & up to Rs. 30.00 lakh
- Rs. 27.00 lakh4%7%*(1% Rebate from NSKFDC share of interest in case of Female Beneficiaries.)Repayment
- The loan under the scheme shall be repaid in quarterly installments, within a maximum period of 10 years including moratorium period of 06 months. In addition, 120 days moratorium period is allowed to SCA for fund utilization.
Who can apply
- Safai Karamcharis, Scavengers, and their Dependents are eligible for the scheme.
Documents needed
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How to apply
Offline
OnlineThe beneficiaries submit the loan applications to the District Offices of State Channelizing Agencies (SCAs) of NSKFDC, Branches of Regional Rural Banks (RRBs), and Nationalized Banks. The District Offices of SCAs/Branches of RRBs/Nationalised Banks send these applications after scrutiny to their Head Offices. The viability of the project proposals is being appraised by the SCAs/ RRBs/Nationalised Banks and the viable projects are sent to NSKFDC along with their recommendations.
Common questions
What is the interest rate offered by the scheme?
The interest rate offered by Green Business Scheme is as low as 2% per annum, only for people falling under Scheduled Castes.
What is the loan amount offered under the scheme?
The maximum loan amount offered is up to Rs. 30 lakh.
What is the repayment tenure of the laon amount?
The repayment tenure of the loan amount is 10 years, including a 6-month moratorium period.
What are the activities for which a loan under the scheme are provided?
1. Battery-electric vehicle (E-rickshaw) 2. Compressed air vehicle 3. Solar energy gadgets 4.
Poly houses What is the purpose to avail the loan amount?
For purchasing electric and compressed air vehicles, polyhouses, and solar energy products.