Home National Handicapped Finance and Development Corporation
Updated information regarding NHFDC for the website:-
The National Handicapped Finance and Development Corporation (NHFDC) is a wholly owned company by Government of India. NHFDC functions as an apex institution for extending financial support for starting any activity contributing directly or indirectly in the income generation or helping Persons with Disabilities (PwDs) in their overall process of empowerment through the State channelizing Agencies(SCAs) nominated by the State Government(s)/selected Public Sector Banks (PSBs)/Regional Rural Banks(RRBs).
Prominent schemes being implemented by NHFDC are given below in brief :
i. Divyangjan Swavalamban Yojana :-
NHFDC provides financial assistance in terms of loan to Persons with Disabilities for starting any activity contributing directly or indirectly in the income generation or helping PwD in their overall process of empowerment through implementing agencies throughout the country including West Bengal. NHFDC provides maximum loan upto 50.0 lakh to Persons with disabilities for self-employment activity at the rate of interest 5-9% p.a. (A rebate of 1% in interest will be allowed to women with disabilities/persons with disabilities other than OH in self employment loans of upto Rs.50,000/-).
Any Indian citizen with 40% or more disability and age above 18 years can apply for loan under NHFDC scheme for self employment. (In case of persons with mental retardation, age is relaxed to 14 years in place of usual 18 years). The age criteria would not be required for educational loans.
ii. Vishesh Microfinance Yojana (VMY) :-
Under this scheme NHFDC provides prompt and need based finance for the target group and activities at reasonable rate of interest through NBFC - MFI, Section-8-MFI, and NGO-MFI, SHG Federations, state Government Missions and other state level organizations to pursue small/micro business and development activities. The unit cost of Project shall not exceed Rs.60,000/-. The repayment period is upto 3 years from the date of disbursement of loan.
iii. NHFDC Swavalamban Kendra (NSK):-
NHFDC has rolled out the concept of NHFDC Swavalamban Kendra (NSK) by converging the credit needs, skilling needs, assured business linkage needs, etc on pilot scale basis and aspires to convert into a grandiose scheme, initially covering each district in the country at the rate of one NSK per district. Each NSK is established at a capital cost of around Rs. 12 lakhs by PwD entrepreneurs with the help of 100% financing from NHFDC. These NSKs will be used as mini incubation centers with hands on skilling on the locally relevant and viable businesses to train the PwDs for self-employment opportunities in and around their localities.
For further details on NHFDC schemes PwDs can also log on to NHFDC website www.nhfdc.nic.in.
Last Updated: 27-07-2021