New Swarnima Scheme For Women
A term loan scheme by the Ministry of Social Justice and Empowerment for women entrepreneurs from backward classes to obtain a loan of up to ₹2,00,000/- @ 5% per annum, thereby providing them social & financial security.
About This Scheme
A term loan scheme by the Ministry of Social Justice and Empowerment for women entrepreneurs from backward classes to obtain a loan of up to ₹2,00,000/- @ 5% per annum, thereby providing them social & financial security. The scheme is introduced by National Backward Classes Finance and Development Corporation (NBCFDC) and implemented by State Channelising Agencies (SCAs) which act as the nodal agency.
Benefits
A subsidy amount of ₹2,00,000/- @ 5% per annum, for self-employment. (The remaining amount has to be self-owned by the beneficiary.)
The beneficiary woman is not required to invest any amount of her own on the projects upto cost of Rs.2,00,000/-.
Eligibility Criteria
The applicant must be a FEMALE.
The age of the applicant must be between 18 and 55 years.
The applicant must be an Entrepreneur
The Total Annual Family Income of the Applicant must be Less than ₹ 3 Lakh per Annum
Application Process
Apply Offline
Step 1: Eligible applicant needs to visit nearest SCA office, apply on prescribed form for Swarnima Scheme for Women. You can find your nearest SCA office at this link – https://nsfdc.nic.in/channel-patrners/scas
Step 2: Enter the necessary details in the application form and mention the needs and choice of vocation and training requirements, if any.
Step 3: Submit your application form and the required documents to the same SCA office. After reviewing the application, the loan will be sanctioned by SCA.
Official Source: View on myScheme.gov.in
Benefits
A subsidy amount of ₹2,00,000/- @ 5% per annum, for self-employment. (The remaining amount has to be self-owned by the beneficiary.)
The beneficiary woman is not required to invest any amount of her own on the projects upto cost of Rs.2,00,000/-.
Application Process
Apply Offline
Step 1: Eligible applicant needs to visit nearest SCA office, apply on prescribed form for Swarnima Scheme for Women. You can find your nearest SCA office at this link - https://nsfdc.nic.in/channel-patrners/scas
Step 2: Enter the necessary details in the application form and mention the needs and choice of vocation and training requirements, if any.
Step 3: Submit your application form and the required documents to the same SCA office. After reviewing the application, the loan will be sanctioned by SCA.
References & Official Links
Scheme Details
| Full Name | New Swarnima Scheme For Women |
| Short Title | NSSW |
| Level | Central |
| Scheme For | Individual |
| Ministry | Ministry Of Social Justice and Empowerment |
| Categories | Banking,Financial Services and Insurance, Business & Entrepreneurship, Social welfare & Empowerment, Women and Child |
| States | All India |
| Gender | Female |
| Caste/Category | OBC |
| Area | Both |
| Income Limit | ₹300,000/year |
| Source | myScheme.gov.in ↗ |