Scheme Name: Direct Loan Scheme

State: Maharashtra

Description of the Scheme: Provide loan for miscellaneous activities at minimum period and documents. Scheme is governed by State Government through share capital of the corporation.

Target group :

Sector of the Scheme:

Eligibility Criteria:

• Applicant should be OBC Category.
• He should be domicile of Maharashtra State.
• Age between 18 to 50 yearrs.
• Annual income of the family Rs.1.00 lakh p.a. for rural and urban areas.

Nature & Mode of Assistance:

• Rs.25,000 loan provide directly
• State Corporation's Share - 100%, Beneficiaries Share - NIL
• Rate of Interest - 2% p.a.
• Repayment period - 3 years. Quarterly instalments.
• Loan amount is directly deposited in Beneficiaries Bank's Account.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Loan application should be submitted to concern District Office in prescribed loan application along with required documents.

Whom to Contact: Concern District Office of the Corporation (Backward Classes Development Corporation)