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The Various Types of loans/assistances are detailed under each head:
Income generating schemes
- Beneficiary Oriented Scheme
The scheme is meant to help unemployed youths among Scheduled Communities who are approaching the Corporation with small projects on self employment which are viable but not financed by banks or other lending agencies for their own reasons. The maximum project cost is .1,00,000/-. The repayment period is 5 years and the rate of interest is 6%.
- Professional Service Scheme
This scheme is to assist Scheduled Caste candidates who are technically trained like welders, electricians, laboratory technicians and mechanics as well as professionally qualified persons like doctors, engineers etc. to take up self employment activities. The loan ceiling is .1,.5 lakhs/- per head with subsidy of .10,000/- or 50% of project cost whichever is less. Both loan and subsidy are provided by the Corporation. The repayment period is 5 years and the rate of interest is 7 %.
- Foreign Employment Scheme
The scheme envisages to provide upto 50,000/- to help SC youths who possess valid visa and work agreement for getting employment in foreign countries. The loan is repayable in 36 monthly installments and the rate of interest is 6%.
- Autorikshaw, Scheme(Petrol/Diesel)
The Corporation has been implementing ‘Autorikshaw Scheme’ to promote self employment opportunities for SC beneficiaries in Kerala as it yields quick returns with minimum efforts. The schemes is made available to those candidates who have valid Driving License so that they can earn their livelihood by providing passenger traffic service to the Public. The project cost of the scheme is .1,15000 and 160,000/-. For Petrol and Diesel Autorkshaws respectively. The repayment period is 5 years and the rate of interest is 6%.
Social welfare schemes
- Education Loan (within the country)
For undergoing studies in any professional course at graduate / post graduate level in India, maximum .1 Lakh as loan will be provided to SC/ST students for the purpose of meeting expenses for paying Course fee, Cost of Text Books, Hostel fee, Library Fee, Laboratory Fee, Project work & Study Tour The loan amount is limited to .50,000/- for studies within the State and 1 lakh for the studies outside the State. The repayment period is 5 years after the completion of the course and the rate of interest is 6%. Maximum limit of family Income is 250000/-
- Foreign Education Loan
In order to help bright students of SC communities to go for higher studies abroad, the Corporation proposes to give financial assistance up to .10 lakhs per head to those pursuing job assured specialised graduate/ post graduate professional courses that are not available in our country. The repayment period is 5 years and the rate of interest is 6% per annum up to 5 lakhs and 8.50% per annum for loan above .5 lakhs. The applicant should have minimum 50% marks from the level of SSLC to the qualifying educational level.
- Marriage Assistance Scheme
As far as Scheduled Castes / Scheduled Tribes communities are concerned, majority of them are living below the poverty line. As most of them are struggling hard to win their daily bread, it will be extremely difficult for the parents to mobilise some amount in lumpsum to perform the marriage of their daughters. In order to save them from the exploitation of private money lenders, Corporation has been implementing the scheme “Marriage Assistance Scheme” with maximum unit cost of 1,00,000/-. The repayment period is 5 years and the rate of interest is 6%. In the absence of parents or guardian the application of the bride will be considered.
- Computer Loan to SC students
The objective of the scheme is to extend loan assistance to the needy students both at school ( 8th Std to Degree/Postgraduate degree, B.Ed, M.Ed, Engineering Degree / Diploma, other professional Degree / Post graduate degree, PGDCA course levels belonging to SC Community to purchase a computer as part of their curriculum requirements. Regarding PGDCA courses, the courses conducted by Institute of Human Resource Development,,LBS Centre for Science & Technology,Kerala State Audio Visual & Reprographic Centre,C-DAC( Centre for Development of Advance Computing), C-DIT( Centre for Development of Imaging Technology),KELTRON will only be considered for extending Credit facility.The maximum amount of assistance is .40,000/- per head . The repayment period is 5 years and the rate of interest is 6%. %. Incomes limit 2.5 lakhs.
These schemes meant exclusively for Scheduled Castes are implemented utilising the term loan assistance of National Scheduled Castes Finance & Development Corporation (NSFDC).
- Land Purchase Scheme for Agricultural Labourers.
The project aims to improve the social and economic conditions of agricultural labourers belonging to SC community in our state who are either landless or possess negligible land ,by creating a permanent land-base for them. The scheme provides .1.50 lakhs per beneficiary for purchasing minimum 50 cents of agricultural land suitable for agricultural activities. Out of this, amount not exceeding .50,000/- will be given as special subsidy by the Corporation. .85,000/- will be refinanced by M/s. NSFDC as loan and the remaining portion of loan ie. .15,000/- will be provided by the Corporation on its own. The repayment period is 8 years and the rate of interest is 6%.
- Micro Credit Finance Programme
The project is meant to provide timely and effective micro loans to the poorest of the poor among the SC beneficiaries to engage in low investment oriented income generating ventures. The scheme envisages that by arranging micro credit, the loanees will be able to undertake petty business / tiny industrial activities and thereby earn additional income to support their livelihood. The unit cost of the scheme is 30,000/-. The loan is to be repaid within a period of 3 years at 5% rate of interest.
- Three wheeler Auto Pick up Van:
To provide self employment opportunities for SC youths in Kerala Three wheeler Auto Pick up vans are provided with the help of NSFDC as it yields quick returns with minimum efforts. The scheme is made available to those candidates who have valid Driving License so that they can earn their livelihood by providing goods traffic service to the The project cost of the scheme is .150000/-. The repayment period is 5 years and the rate of interest is 6%.
- Mini Venture Loans
The basic objective of this project is to arrange self-employment opportunities to the poor but enterprising SC youths in the state by starting any 'mini venture' and thereby to provide them with a means of livelihood. It also aims at developing the entrepreneurial talents of the SC youths so as to widen their involvement in the sectors of agriculture, trade, industry etc. The beneficiaries are free to select any income generating activity in which they are skilled, interested and experienced. Mini Venture Schemes with Project Cost ranging from 1 lakh to 2 lakhs are currently implemented. The repayment period is 5 years and the rate of interest is 6%.
- Mahila Samridhi Yojana
The scheme envisages to provide soft loan assistance to SC women entrepreneurs to promote income generating activities and thereby to improve their socio-economic status in the society. The credit at nominal rate of interest is meant to fund low-investment oriented and conventional trades and activities including petty business, which are viable and suitable to earn additional income for the poor target group. The project cost of the scheme is 30,000/- per unit and the rate of interest on loan is 4%. The repayment period is 3 years.
- Mahila Kisan Yojana
The Scheme “Mahila Kisan Yojana” is meant to assist women beneficiaries belonging to Scheduled Castes to engage in agricultural and allied activities and generate income for the sustenance of their family. The assistance is rendered to those beneficiaries having minimum or marginal land holdings on their own which are suitable for undertaking any kind of agricultural activity. The maximum unit cost of the scheme is 50,000/- and the rate of interest is 5%. The loan is repayable within a period of 5 years.
- Education Loan:
This is a new scheme introduced by NSFDC apart from the education loan being implemented by the Corporation with its own fund. The objective of this scheme is to extend loans to the eligible scheduled caste students for pursuing full-time professional education ( selected courses) and secure employment. Maximum loan amount is 7. 5 Lakhs for the studies in India and 15 lakhs for the studies in abroad. The courses covered under this scheme includes Full Time Professional /Technical Courses in the fields of Medical, Dental, Management, Engineering, Information Technology, Hotel Management, Architecture, Physiotherapy, Bio-Technology, Law, Education, Journalism etc, Professional courses like CA/ICWA/CS/AMIE/FIA,IETE, Higher education like Doctora;l Studies leading to M.Phil, PhD from recognized institutions. The applicant should have secured admission to the educational institutions offering full time courses in the above fields. Rate of Interest 5%, Repayment period five years from six months after the completion of the course of study. Application for this loan is to be submitted to NSFDC through KSDC FOR SC/ST for getting sanction .
The schemes meant exclusively for Scheduled Tribes are implemented utilizing the term loan assistance of National Scheduled Tribes Finance and Development Corporation (NSTFDC).
- Petrol Autorikshaw Scheme
The Corporation used to implement ‘Petrol Autorikshaw Scheme’ to provide self employment opportunities for ST youths in Kerala as it yields quick returns with minimum efforts. The scheme is made available to those candidates who have valid Driving License so that they can earn their livelihood by providing passenger traffic service to the Public. The project cost of the scheme is 95,000/-. The repayment period is 5 years and the rate of interest is 6%.
- Small Enterprises Loans
The basic objective of this project is to provide financial assistance to the enterprising and resourceful persons exclusively belonging to ST community to start a mini venture which may undertake any industrial, commercial, service or agricultural and allied activity. The beneficiaries have the freedom to choose a viable project in accordance with their own interests and skill. The scheme envisages provision of loan ranging from 40,000/- to 50,000/-. The repayment period is 5 years and the rate of interest is 6%.
- Adivasi Mahila Sashakthikaran Yojana
This is a concessional scheme of NSTFDC for the economic development of eligible Scheduled Tribe women to bring them to the mainstream of our national life. As per this scheme, term loan assistance up to 50,000/- per unit will be rendered to eligible ST women beneficiaries. Rate of interest on loan is 4% p.a. and the normal repayment period is 5 years.
- Loan For Tribal Entrepreneurs
The project provides self employment opportunities to the poor ST youths in the State by starting small projects which are viable so as to widen their involvement in the sectors of Agriculture trade etc. The beneficiaries are free to select any income generating activity in which they are interested and experienced. The maximum project cost of the scheme is 75,000/- . The repayment period is 5 years and rate of interest is 6%.
The Kerala State Development Corporation for Scheduled Castes and Scheduled Tribes Ltd is now included as one of the channelizing agency along with Commercial Banks for the implementation of SGSY scheme from this financial year onwards. Under this scheme we will be able to finance ventures undertaken by group of SC/ST entrepreneurs coming below poverty line. This scheme is yet to be announced. The selection of beneficiary group will be based on the norms fixed and through the Block Development Offices.