National Family Benefit Scheme 2026

This is a loan scheme by the Ministry of Social Justice and Empowerment designed to help Scheduled Read More... Caste entrepreneurs start or expand their businesses. Read less

Details

Are you an entrepreneur from the Scheduled Caste community looking for financial support to kickstart or grow your business? The Credit Based Schemes for SC - Term Loan (TL) by the Ministry of Social Justice and Empowerment, implemented through NSFDC, could be just what you need.

What Is This Scheme?

This scheme provides term loans to individuals belonging to the Scheduled Caste category who wish to set up or expand their own businesses. The National Scheduled Castes Finance and Development Corporation (NSFDC) offers substantial financial assistance, covering up to 95% of the project cost, making it easier for SC entrepreneurs to access capital.

Who Can Benefit From This Scheme?

The primary beneficiaries of this scheme are individuals from the Scheduled Caste community who are aspiring entrepreneurs. However, there's a specific focus on those with a family income up to Rs. 3.00 lakh per annum, ensuring that the support reaches those most in need.

Why This Scheme Is Important

This initiative plays a crucial role in promoting economic self-reliance and inclusive growth within the Scheduled Caste community. By providing easy access to credit, the scheme empowers SC entrepreneurs to overcome financial barriers, create employment opportunities, and contribute to the nation's economic development.

Objective

This is a loan scheme by the Ministry of Social Justice and Empowerment designed to help Scheduled Caste entrepreneurs start or expand their businesses.

Benefits

₹ 20000/- will be given as a lump sum assistance to such surviving member of the household of the deceased poor, who after local inquiry, is found to be the head of the household.The assistance would be given to every case of death of breadwinner in a family.

Sources and references

Guidelines

Eligibility Criteria

To be eligible for this scheme, you must meet the following criteria:

You must be an entrepreneur from the Scheduled Caste (SC) category.
Your annual family income should not exceed Rs. 3.00 lakh (for both rural and urban areas).

How To Apply

Prepare your application in the prescribed format provided by NSFDC.
Include all necessary details about your business plan.
Submit the application along with required documents to your nearest Channelizing Agency office.

You can also contact the Channelizing Agencies directly for more information and assistance.

Documents Required

To apply for this scheme, you will need to submit an application form from NSFDC. Along with your business details, you'll typically need the following documents:

Aadhaar Card
Income certificate
Caste certificate
Bank account statement
Proof of experience (if applicable)

Official Sources

For the official application format and further details, please visit the NSFDC office or contact the designated Channelizing Agencies.

FAQ’s

Can I get a loan for any type of business under this scheme?

Yes, the scheme supports a wide range of projects across sectors like Agriculture & Allied Sector, Small Industries, and Service & Transport. For example, you can get loans for agricultural land purchase, dairy, poultry, bricks making, readymade garments manufacturing, printing press, photography, chemist shops, auto rickshaws, and much more. A detailed indicative list of projects is available.

What exactly is a moratorium period in a loan?

A moratorium period is essentially a grace period within your loan tenure where you don't have to make any repayments. Think of it as a waiting time before your regular loan payments (EMIs) begin. For this scheme, the moratorium can range from 6 to 12 months, depending on the nature of your business activity.

Do I have to approach NSFDC directly to apply for this loan?

No, you don't need to contact NSFDC directly. If you're interested in availing this scheme, you should get in touch with the Channelizing Agencies. They are the ones who will guide you through the application process and help you access the loan.

Is this loan available for all individuals from Scheduled Castes?

No, NSFDC primarily supports the economically weaker sections within the Scheduled Castes. To be eligible, your annual family income must be up to Rs. 3.00 lakh, whether you live in a rural or urban area.