J&K Grant of Loan under Micro/Direct Financing Scheme Form
The eligibility Criteria of the beneficiary for availing loan under Direct Financing Schemes are as under:-
- One should belong to SC, ST, BC, Notified National Minorities (Male members), Safai Karamcharis/ Scavengers(including their dependents) and Handicapped/physically Disabled Persons (Male members).
- One should have the Annual family income below Double the Poverty Line (DPL), i.e. Rs 8 1,000/— p.a. for Rural and Rs.1,03000/ p.a. for Urban areas in case of SC, ST, BC, Notified National Minorities (which is fixed by the respective Apex Corporations, of the Govt. of
India). In case of Handicapped category (Under NHFDC Schemes) and Safai Karamcharis/ Scavengers (under NSKFDC schemes) there is no income limit is fixed by NHFDC and NSKFDC, any unemployed a person can avail of the loan, to set-up an income-generating unit.
- The applicant who intends to avail of a loan for the purchase of a vehicle should have a valid driving license for the type of vehicle applied for. One should not be a defaulter of any bank/ financial institution.
- Besides the above-mentioned eligibility criteria for Handicapped persons, the Disability of Handicapped beneficiary should be 40% and the above age should be above 18 years. In the case of disabled professional youths, the age is 18-45 years for availing loans under NHFDC Scheme.
Download J&K Grant of Loan under Micro/Direct Financing Scheme Form PDF using the below link