For association run by parents of mentally retarded persons
Under this scheme, loan up to Rs.5 lakh is given.
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 an 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. All loans to be repaid within 10 years.
4. Rebate on interest of 1 percent per annum for women with disabilities.
5. Additional discount of 0.5 percent to visually impaired / hearing impaired / mentally retarded disabled beneficiaries.
