Krishi Sampada
Micro finance, loan
Finance
Ministry of Social Justice and Empowerment
To provide concessional loans under Micro Finance to small farmers, vegetable of the target group for urgent requirement of funds during Rabi & Kharif or any cash crop(NBCFDC, n.d.)
The maximum loan limit is Rs. 50,000
Members of Backward Classes, as notified by Central Government/State Governments from time to time. The annual income of the applicants family should be below double the poverty line i.e. Rs.1,20,000/- p.a. in urban areas and Rs.98, 000/- p.a. in rural areas(NBCFDC, n.d.). The pattern of finance is NBCFDC loan 95% and SCA loan 5%. The rate of interest is NBCFDC to SCA is 1% per annum and from SCA to beneficiary is 4% per annum. Loan is to be repaid in quarterly instalments within 48 months (including the moratorium period of six months on the recovery of principal). However, the amount of loan repaid by the farmers can be replenished within the cash credit limit fixed for the loan every six months coinciding with crop pattern(NCFDC, n.d.)
National Backward Classes Finance and Development Corporation. The scheme is to be implemented through SCAs in rural and urban areas by way of financing the women beneficiaries either directly or through Self-Help-Groups (SHGs)(NBCFDC, n.d.)
Gopal Meena
District magistrate
5th Floor, NCUI Building, 3, Siri Institutional Area, August Kranti Marg, New Delhi-110016
national: nbcfdc@del3.vsnl.net.in local: dm-madhepura-bih@nic.in
National: 011-26511027/ 011-26511028, Local: 9473191353
011-26850086
Further details and application for the loan has to be at the district level at the office of the district collector