• The program provides loans to agriculture, small businesses, handicrafts, traditional, industrial, entrepreneurial, tourism and service industries.
• In their own business, women will receive a grant of 200,000 at a rate of 5% per annum.
• (The beneficiary gets the rest.)
• A woman availing this scheme need not invest any money in projects with a maximum value of Rs. 2,00,000 is available.

New Funding Pattern

The loan will be paid back up to 95% of the entire amount, with the remaining 5% coming through beneficiary contributions or State Channelizing Agencies (SCAs). Loan must be used within four months of the disbursement date.

Interest Rates for the New Swarnima Scheme

The applicable interest rates for the Swarnima Yojana for women are displayed in the following table:

interest is 2% per annum from NBCFDC to SCA and 5% per annum from SCA to the beneficiary.

Loan Repayment

The loan balance is to be repaid in four quarterly payments over a four-year period, with a six-month freeze on principle recovery.

Economic Development Plans

Krishi Sampada: To offer small farmers, vegetable merchants from the target demographic who require financial assistance during the Rabi and Kharif seasons or for any cash crop, concessional loans under microfinance. The borrower is eligible for a loan up to Rs. 50,000 at a 4% annual interest rate.

Required Documents

• Proof of Identity (Aadhaar Card)
• ration card
• Domicile Certificate
• Caste Certificate (for reserved category)
• Passport size photograph of the applicant

Application Process of New Swarnima Scheme for Women

• To apply for the Swarnima Yojana for Women, eligible women applicants must contact their local SCA office and submit the required paperwork.
• This link can help you locate the SCA office that is closest to you: https://nsfdc.nic.in/channel-patrners/scas
• Correctly enter the necessary information in the application form. Mention the possibilities and requirements for your line of work, as well as any training needs.
• You have to submit your application form and all other paperwork to the same sca office. The SCA will examine the application before approving the loan.

FAQs

Q. How much can you borrow at most under the Swarnima Yojana?

Ans. Under this program, qualified women entrepreneurs can get the maximum term loan. ₹1,00,000/- @ 5% p.a.

Q. What is the least amount I would need to invest if the projects cost is less than Rs 2LPA?

Ans. No need to invest any of your own money in projects costing up to Rs. 2,00,000/-, forthe beneficiary woman.