4 days ago
Safai Karamcharis Finance Corporation Loans Reach 6.1 Lakh People
The government finance corporation gives affordable loans to sanitation workers and related groups.
It has been providing these loans since 1997.
So far, 6.10 lakh people have benefited.
The total amount given through the schemes is Rs 3,365.93 crore.
People can use the money to start self-employment or other income-generating activities.
An individual can borrow up to Rs 30 lakh.
A group can borrow up to Rs 75 lakh.
Interest rates are between 6% and 9% per year.
Women and people who repay on time can receive interest discounts.
The National Safai Karamcharis Finance and Development Corporation has disbursed Rs 3,365.93 crore in concessional loans since 1997.
The loans have benefited 6.10 lakh Safai Karamcharis, waste pickers, manual scavengers and their dependents.
Individual beneficiaries can receive loans of up to Rs 30 lakh, while groups can receive up to Rs 75 lakh.
Interest rates range from 6% to 9% annually, with repayment periods of three to 10 years.
Women receive a 1% interest rebate, while timely repayments qualify for an additional 0.5% rebate.
- Who
- The National Safai Karamcharis Finance and Development Corporation, along with its channelising agencies, provided the loans to Safai Karamcharis, waste pickers, manual scavengers and their dependents.
- What
- It sanctioned and disbursed Rs 3,365.93 crore in concessional loans benefiting 6.10 lakh people.
- Where
- Across India, through state and Union Territory agencies, Regional Rural Banks and Public Sector Banks.
- When
- Since 1997; the statement was issued on Friday.
- Why
- To promote sustainable livelihoods, socio-economic empowerment, self-employment and income-generating activities.
Key facts
- Total loans disbursed
- Rs 3,365.93 crore
- People covered
- 6.10 lakh
- Individual loan limit
- Up to Rs 30 lakh
- Group loan limit
- Up to Rs 75 lakh
- Interest rate
- 6% to 9% per annum
- Repayment period
- Three to 10 years
- Interest rebates
- 1% for women beneficiaries and an additional 0.5% for timely repayment
Quotes
National Safai Karamcharis Finance and Development Corporation
Government finance corporation supporting Safai Karamcharis and related target groups
“A rebate of one per cent on the applicable rate of interest is provided to women beneficiaries. An additional rebate of 0.5 per cent is available to beneficiaries for the timely repayment of instalments, in accordance with the applicable scheme guidelines.”
thehansindia.com
Sources
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