For small business in service / business sector
Loans are given up to Rs.5 lakh for sales business activities and up to Rs.7.5 lakh for service sector activities.
Loan assistance is provided for self-employment or business activity of persons with disabilities in the service sector. The small business, project or activity for which financial assistance is sought must be run by the person with disability himself and must employ at least 15 percent persons with disabilities in his enterprise.
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.
