National Scheduled Tribes Finance & Development Corporation
SCHEMES FOR ECONOMIC DEVELOPMENT OF SCHEDULED TRIBES
About NSTFDC
National ST Finance and Development Corporation (NSTFDC) under Ministry of Tribal Affairs, Govt. of India provides financial assistance by way of soft loans for income generating activities for economic development to scheduled tribes aspirants.
Implementation of Schemes
The NSTFDC loan schemes are implemented through State Channelizing Agencies, select PSU Banks, RRBs and other institutions. Subsidies may be available to the beneficiaries under various schemes of different departments of the State Governments.
Term Loan Scheme
NSTFDC provides Term Loans for viable business units costing up to Rs. 50.00 Lakhs. Soft loans under the scheme are extended up to 90% of the unit cost and the balance is met by way of promoters contribution, subsidy and margin money loans. Interest charged is between 6% to 10%. Loans are provided with moratorium period and are to be repaid within 5 to 10 years.
| Name of Scheme | Quantum of Loan | Interest to SCA | Interest from Beneficiary | Repayment Period |
|---|---|---|---|---|
| Term Loan Upto Rs.5.00 Lakhs | Upto Rs.5 Lakhs | 3% | 6% | 5-10 years |
| Above Rs.5 -Rs.10 Lakhs | Rs.5-10 Lakhs | 5% | 8% | 5-10 years |
| Above Rs.10 - Rs.45 Lakhs | Rs.10-45 Lakhs | 8% | 10% | 5-10 years |
Adivasi Mahila Sashaktikaran Yojana (AMSY)
Exclusive scheme for economic development of ST women. Loans up to 90% for unit cost up to Rs.2.00 Lakhs at concessional interest of 4% p.a.
| Scheme | Quantum of Loan | Interest to SCA | Interest from Beneficiary | Repayment Period |
|---|---|---|---|---|
| AMSY Term Loans | Rs.1.80 Lakhs | 2% | 4% | 5-10 years |
Micro Credit Scheme for SHGs
Loans up to Rs.50,000 per member and maximum Rs.5.00 Lakhs per SHG.
| Quantum of Loan | Interest to SCA | Interest from Beneficiary | Repayment Period |
|---|---|---|---|
| Rs.5.00 Lakhs | 3% | 6% | 5 years |
Marketing Support Assistance
NSTFDC provides financial assistance to institutions engaged in procurement and marketing of MFPs and other tribal products to meet their working capital requirements.
Adivasi Shiksha Rrinn Yojana (ASRY)
This scheme provides soft loans to tribal students for pursuing technical & professional education including doctorate courses. Loans up to Rs.10 Lakhs per family at concessional interest of 6% p.a. Interest subsidy provided by Ministry of HRD.
| Scheme | Quantum of Loan | Interest to SCA | Interest from Beneficiary | Repayment Period |
|---|---|---|---|---|
| ASRY for Education | Rs.10 Lakhs | 3% | 6% | 5 years after completion |