Loan Based Schemes For Safai Karamchari – General Term Loan (GTL)
Introduction
- 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%
