Loan up to Rs.10 lakh for self-employment of persons suffering from mental retardation, cerebral palsy and mental confusion.
On behalf of persons suffering from mental retardation, cerebral palsy and delusion, their parents, spouse or their legal guardian can get financial assistance.
Eligibility:-
1. Must be 40 percent or more disabled.
2. Age should be between 25 to 50 years.
Annual Income:-
1. Less than Rs.5 lakh per annum in urban area.
2. Should be less than Rs.3 lakh per annum in rural area.
3. Relevant Educational/Technical/Professional Qualification and Experience.
Rate of interest:-
1. Up to Rs.50,000 - 5% per annum
2. Above Rs 50 thousand and up to Rs 5 lakh - 6 percent per annum
3. Above Rs.5 lakh and up to Rs.15 lakh - 7% p.a.
4. All loans to be repaid within 10 years.
5. Rebate on interest of 1 percent per annum for women with disabilities.
6. Additional discount of 0.5 percent to visually impaired / hearing impaired / mentally retarded disabled beneficiaries.
