The National Handicapped Finance and Development Corporation (NHFDC) provided loans on concessional rates to the persons with disabilities.
The scheme-wise maximum repayment period is as follows: (i) Self Employment Scheme – 10 years (ii) Micro Credit Scheme – 3 years & (iii) Education Loan Scheme – 7 years. The repayment under education loan scheme commences one year after completion of course or six months after securing a job, whichever is earlier.
NHFDC has delegated sanctioning authority for loan proposals costing upto Rs.5.00 lakh to its State Channelizing Agencies (SCAs). Only the loan proposals with project cost above Rs.5.00 lakh are forwarded by SCAs to NHFDC. In case of Regional Rural Banks, those entered in collaborative tie up with NHFDC for implementation of its schemes and Apex Co-operative Banks, State Financial Institutions acting as SCAs, the sanctioning authority is upto Rs.25 lakh.
