Loan Scheme For Safai Karmacharis

This loan scheme is for a person engaged/employed in sanitation work on a regular/contract basis. The loan scheme can be availed by his/her dependents as well.

Overview

  • National Safai Karamcharis Finance & Development Corporation, (NSKFDC) is an apex corporation set up in the year 1997, as a company “not for profit” under section 25 of the Companies Act , 1956 under the aegis of Ministry of Social Justice & Empowerment, Govt. of India.
  • Their objective is to promote socio-economic upliftment of Safai Karamcharis/ Scavengers and their dependents by way of providing financial assistance at concessional rate of interest for any income generating activity and also to provide education loan, technical and professional training, quality control, technology up gradation and common facility centers for carrying out sanitation works, through bank finance

Purpose

  • Working Capital
  • Fixed Asset Purchase
  • Education purposes

Eligibility

  • A person engaged in or employed for any sanitation work who produce a certificate from Grama Panchayath / Municipality / Corporation / Village Office / Head of Govt. Dept. not less than the rank of a Gazetted Officer
  • Dependents in relation to a Safai Karamchari mean and include a member of his family who is dependent on him/her and attained the age of 18 years.

Limit & Margin

    Limit

  • The loan will be granted for any viable income generating activities including sanitation related activities.
  • Maximum loan limit Rs. 15 lakh
  • Margin

    • For projects up to Rs. 2 lakh – Nil.
    • For project above Rs. 2 lakh – 5%.

Security

  • Upto Rs.1 lakh, a guarantor with sufficient net worth
  • For above Rs.1 lakh, EM of landed property with value not less than 125% of loan amount
  • Securities of loans above Rs.1 lakh have to be insured for full value in the joint name of Kerala Gramin Bank and the beneficiaries, till the currency of loan period against the risks of fire, strike, riot, burglary, civil commotion etc

Repayment

  • Up to 5 years, after moratorium period of 6 months.
  • The loan is to be repayed in EMIs

Interest Rates & Charges

  • Please visit Loan Interest Rates page for details
  • National Safai Karamcharis Finance & Development Corporation, (NSKFDC) is an apex corporation set up in the year 1997, as a company “not for profit” under section 25 of the Companies Act , 1956 under the aegis of Ministry of Social Justice & Empowerment, Govt. of India.
  • Their objective is to promote socio-economic upliftment of Safai Karamcharis/ Scavengers and their dependents by way of providing financial assistance at concessional rate of interest for any income generating activity and also to provide education loan, technical and professional training, quality control, technology up gradation and common facility centers for carrying out sanitation works, through bank finance
  • Working Capital
  • Fixed Asset Purchase
  • Education purposes
  • A person engaged in or employed for any sanitation work who produce a certificate from Grama Panchayath / Municipality / Corporation / Village Office / Head of Govt. Dept. not less than the rank of a Gazetted Officer
  • Dependents in relation to a Safai Karamchari mean and include a member of his family who is dependent on him/her and attained the age of 18 years.

    Limit

  • The loan will be granted for any viable income generating activities including sanitation related activities.
  • Maximum loan limit Rs. 15 lakh
  • Margin

    • For projects up to Rs. 2 lakh – Nil.
    • For project above Rs. 2 lakh – 5%.
  • Upto Rs.1 lakh, a guarantor with sufficient net worth
  • For above Rs.1 lakh, EM of landed property with value not less than 125% of loan amount
  • Securities of loans above Rs.1 lakh have to be insured for full value in the joint name of Kerala Gramin Bank and the beneficiaries, till the currency of loan period against the risks of fire, strike, riot, burglary, civil commotion etc
  • Up to 5 years, after moratorium period of 6 months.
  • The loan is to be repayed in EMIs

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