||Name of the Scheme
25% Margin Money Loan Scheme. Rs. 25,000/- Direct Loan Scheme.
||Details of the Scheme:
||Government resolution of the scheme
Provide loan on nominal rate of interest to the economically weak people who belongs to VimuktaJatis (Denotified Tribes), Nomadic Tribes and Special Backward Class for their financial, educational and social upliftment.
||VimuktaJatis (Denotified Tribes) / Nomadic Tribes / Special Backward Class.
- Applicant should be a resident of Maharashtra State.
Applicant must be from VimuktaJatis, Nomadic Tribes and Special Backward Class.
- Age of applicant should be between 18 to 45 years.
Unpaid debt of Government or any other financial corporation / foundation should not remain with an applicant.
- For the State Corporation scheme applicant belonging from Urban and Rural sector should have their family income of Rs. 1,00,000/- and for Central Corporation schemes, applicant from Urban sector must Rs. 1,20,000/- and that of Rural sector must be Rs. 98,000/-.
- Under this Corporation’s scheme, applicant will not get any sort of loan / subsidy from governmental activities for more than one time.
- Terms mentioned by the Corporation are mandatory for the beneficiaries, time to time.
- Only one member of the each family will get the lone for once.
- 25% Margin Money Loan Scheme.
- Project Limit (Rs.) Rs. 5,00,000/-
- Bank Share (%) 75 %
- Corporation’s Share (%) 25 %
- Rate of Interest (%) 4 %
- Return Period 5 Yrs.
- Rs. 25,000/- Direct Loan Scheme.
- Project Limit (Rs.) Rs. 25,000/-
- Corporation’s Share (%) 100 %
- Rate of Interest (%) 2 %
- Return Period 4 Yrs.
- Caste Certificate and Income Certificate given by eligible authority.
- Detailed information related to the scheme, under that availability of raw material, sale of final product. In short, need to submit project report.
- Attested copy of the Certificate, if applicant has taken any technical training.
- Rent receipt / Agreement letter copy / Ownership proof of the place where applicant wants to commerce their business.
- Proof of earlier business experience, if any.
- Attested copy of Ration Card.
- While applying for auto rickshaw, copy of Driving License and RTO License are necessary to submit.
- Proof of Number plate and auto rickshaw booking copy from the dealer should be submitted for applying for finance of auto rickshaw.
- Proof/s of eligibility of the 2 guarantor- E.g. 7/12 Utara, etc.
- It is compulsory for the beneficiary to use the loan amount only for the loan amount only for the proposed business/occupation on the basis of submitted project report.
- It is mandatory to fill all the columns of the application form without any overwriting and have to present 2 copies by the applicant.
- Attach passport size photographs on both application forms.
- Note – While submitting the loan application original documents to be needed for verification.
||Expected processing Days
||Contact Details for Citizens
||VasantraoNaikVimuktaJatis And Nomadic Tribes
Development Corporation (Limited)
Head Office : 1st Floor, Juhu Supreme Shopping Centre,
Gulmohar Cross Road No.9, J.V.P.D. Scheme (North),
Vile Parle (West), Mumbai – 400 049.
Telephone: 022 – 2620 2586 / 2620 2588.
||Link For Online Application