Government Sponsored Schemes in Finance
Under these schemes, the applicant can avail the Bank loan to start its own business, which will help improve their livelihood and uplift their standard of living.
In few schemes, the rate of interest is specified by the Government, while the other schemes are offered at interest rates in keeping with the Bank’s pricing policy*. Various charges levied by the Bank are as follows:
Interest rates, Charges and Fees
| Nature of charges | Details |
|---|---|
| Processing Fee while disbursing loan above Rs 25,000 | 2% (plus applicable taxes) of the loan amount |
| * Interest rate p.a. | Fixed rate of 15.55% |
| Stamp duty and other statutory charges | As per applicable laws of the State |
| CGTMSE^ Fee while disbursing the loan | As per CGTMSE fee tax invoice |
| Foreclosure fee | Nil |
| Bouncing charges applicable on non-servicing of Interest on or before due date | Nil |
^CGTMSE: Credit Guarantee Fund Trust for Micro and Small Enterprises
Penalty charges
| Nature of charges | Details |
|---|---|
|
Penalty Interest for delayed payments |
Nil |
The applicant may approach the respective sponsoring agencies to avail the loan under these schemes.
Schemes are available under
1 100588 Differential Rate Of Interest Loan Scheme
2 100346 Nirmal Gram Yojana
3 100416 Rajiv Gandhi Gramin Niwara Yogana-II
4 100582 Sant Rohidas Cobbler Development Subsidy Scheme
5 101202 PM SVANidhi
6 101172 National Urban Livelihoods Mission – Overdraft Facility
7 101225 Jagananna Thodu
8 101241 CM Mahila Utkarsh Yojana
9 100365 5000 Milch Animal Scheme
10 100371 MPBCDC 50% Subsidy Scheme
11 100377 TAHDCO – Financial Assistance To Individual Beneficiary
12 100378 LASDC – Seed Capital
13 100408 MSOBCFDC
14 100417 PMEGP Loan
15 100433 Chief Minister Corpus Fund
16 100475 Vajpayee Bankable Scheme
17 100483 Package Of Programmes
18 100492 Chief Minister Swavalamban Scheme
19 100493 DIC – Seed Capital Scheme=
20 100494 UYEGP Loan
21 100521 Native Chicken Rearing Scheme
22 100538 HSCFDC
23 100549 Asst To Fishermen under RKVY Scheme
24 100550 Chief Minister Swavalamban Scheme
25 100552 District Scheduled Caste Service Cooperative Society Scheme
26 100576 Kerala State Self Employment Scheme For Registered Unemployed
27 100578 Rinn Mukti Scheme
28 100579 Maharahstra State Khadi And Village Industries Board- Special
Component Scheme
29 100581 Samaj Kalyan Scheme For Physically Disabled Persons
30 100584 Navjivan Loan Scheme
31 100586 National Urban Livelihoods Mission
32 100589 Mukhya Mantri Vishesh Yogyajan Swarojgar Yojana Loan Scheme
33 100597 Rajiv Gandhi Chaitanya Yojana
34 100603 KVIB Scheme
35 100679 MPBCDC Seed Capital Scheme
36 100680 Entrepreneur Support Scheme
37 100695 Special Compenent Plan(SCP)/ Trible Sub Plan (TSB)
38 100699 LASDC Subsidy Scheme
39 100700 Scheduled Castes Development Department – Self Employment
Schemes
40 100767 RGCY Scheme
41 100824 Minority Corporation Scheme
42 100829 ACFDC Scheme
43 100848 Pardarshi Kisan Yojna
44 100849 Pashu Bhagya Yojana
45 101058 Anna Saheb Patil Interest Subsidy Scheme
46 101170 Swami Vivekananda Assa Youth Empowerment Yojana
47 101171 Chief Mantri Employment Gurantee Scheme
48 101272 Indira Mahila Shakti Udyam Protsahan Yojana
49 101281 Mukhya Mantri Yuva Swarojgar Yojna
50 101282 Mukhya Mantri Swarojgar Yojna
51 101283 PM Formalisation of Micro Food Processing Enterprises Scheme
52 101366 Udyogini
53 101367 Indira Gandhi Shehri Credit Card Yojana
54 101392 My Village
55 101393 Navajeevan
