General Term Loan (GTL) Scheme by Ministry of Social Justice and Empowerment
For Safai Karamcharis, Manual Scavengers, and their dependents aged 18 years and above
Loan provided for viable income generating schemes including sanitation-related activities
Ministry/Agency
Ministry of Social Justice and Empowerment
National Safai Karamcharis Finance and Development Corporation (NSKFDC)
Objectives
To provide financial assistance for income-generating schemes including sanitation-related activities
To uplift the socio-economic conditions of Safai Karamcharis and Manual Scavengers
Benefits
Term loan up to 90% of the unit cost with a maximum unit cost of Rs.15.00 lacs
Interest rate of 6%
Repayment period of up to 10 years
Assistance provided for any viable income generating schemes including sanitation-related activities
Eligibility
Safai Karamcharis (including Wastepickers), identified Manual Scavengers and their dependents
Registered co-operative societies of the target group
Legally constituted association/firm promoted by the target group
Persons who produce a certificate from local Revenue Officer/local Municipal Officer/Cantonment Executive Officer/Railway Officer, Head of the Govt. Departments, Elected Members of Municipal Body, Pradhan of Gram Panchayats and Regional Managers of Regional Rural Banks (RRBs)/Public Sector Banks (PSBs)
Persons identified as Manual Scavenger in a survey and in the final list of Manual Scavengers prepared by State Governments/Union Territory Administration
Implementation Strategy
Loans are extended through Channelizing Agencies (CAs) i.e. State Channelizing Agencies (SCAs), Regional Rural Banks (RRBs), and Public Sector Banks (PSBs) to the target group
Promoter’s contribution is not insisted upon for projects costing up to Rs.2.00 lac
For projects costing more than Rs.2.00 lac, the minimum promoter’s contribution insisted by NSKFDC from the beneficiaries is 5%
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