AI SummaryNational Disabled Finance and Development Corporation loan scheme gives money to Persons with Disabilities in Himachal Pradesh to start their own business. The scheme offers self-employment loans of up to ₹25 lakh at concessional interest rates between 5% and 8%.
Department of Social Justice and Empowerment, Government of Himachal Pradesh, manages this scheme. Loans are given through Himachal Pradesh Minority Finance and Development Corporation, which works as the channelizing agency for the central NDFDC.
National Disabled Finance and Development Corporation
NDFDC stands for National Divyangjan Finance and Development Corporation. It is a central government company under Department of Empowerment of Persons with Disabilities, Ministry of Social Justice and Empowerment. The corporation gives concessional loans to Persons with Disabilities for self-employment and income generation.
Himachal Pradesh government uses this central support to help unemployed disabled persons in the state. Eligible people can get money to open shops, start small units, and run other self-employment ventures. This helps them earn a steady income and become financially independent.
Key Information
| Detail | Information |
|---|---|
| Scheme Name | National Disabled Finance and Development Corporation |
| Level | State |
| Beneficiary State | Himachal Pradesh |
| Nodal Department | Department of Social Justice and Empowerment |
| Benefit Type | Loan |
| Maximum Loan | ₹25,00,000 |
| Interest Rate | 5% to 8% |
| Application Mode | Offline |
Benefits
The scheme provides loans of up to ₹25,00,000 for setting up businesses. Interest rates range from 5% to 8%. Women with disabilities receive an additional 1% interest concession.
Eligibility
Applicants must meet the following conditions to get the loan:
- You must be a resident of Himachal Pradesh.
- You must be an unemployed Person with Disability.
- You must have a disability certificate showing 40% or more disability issued by a competent authority.
- Your annual family income must be less than ₹3,00,000 in rural areas or ₹5,00,000 in urban areas.
Application Process
Follow these steps to apply for the loan:
STEP 1 - Get the prescribed application form from the District Welfare Officer or Tehsil Welfare Officer.
STEP 2 - Fill the form and attach your disability certificate, income certificate, project estimate, and surety documents.
STEP 3 - Submit the completed documents to the District Welfare Officer or Tehsil Welfare Officer for processing.
STEP 4 - Welfare Officers review the application and forward it to the concerned authorities for approval and loan sanction.
Documents
Keep these documents ready before applying:
- Age proof (Birth Certificate or School Certificate)
- Bank account details
- Identity proof (Aadhaar Card, Voter ID, or Driving Licence)
- Disability certificate (40% or more)
- Income certificate
- Address proof
- Passport-size photographs
References
NDFDC helpline: toll free number 1800 11 4515 or phone 011 45803730.
FAQ's
What is the primary goal of the scheme?
The scheme helps persons with disabilities become self-reliant by providing loans to start their own businesses.
Who qualifies for these loans?
Unemployed citizens of Himachal Pradesh with at least 40% disability and family income below ₹3,00,000 in rural areas or ₹5,00,000 in urban areas qualify.
What is the loan limit?
Applicants can receive loans of up to ₹25,00,000.
What are the interest rates?
Interest rates are between 5% and 8%.
Do women receive extra benefits?
Yes, women with disabilities receive an additional 1% reduction in the interest rate.
Where do I submit my application?
Submit the completed application to the local District Welfare Officer or Tehsil Welfare Officer.