National Scheduled Tribes Finance Development Corporation

Any individual or group member belonging to a Scheduled Tribe and aged 18 or above is eligible. Applicants must have a valid Scheduled Tribe Certificate and a viable business plan. Both self-employed and unemployed persons can apply to start new ventures or expand existing businesses.

Individual entrepreneurs can borrow up to Rs.25 lakh while group enterprises can access up to Rs.50 lakh. The loan amount depends on the project cost, business plan viability, and repayment capacity of the applicant or group.

NSTFDC offers concessional interest rates significantly lower than market rates, typically around 4-6% per annum depending on the loan category. Repayment period generally extends from 3 to 7 years with a moratorium period of 6-12 months after loan disbursement.

NSTFDC aims to minimize collateral requirements. Loans up to certain limits may be provided without collateral or with minimal collateral. However, higher loan amounts may require security depending on the lender's assessment and the project's risk profile.

Applicants must submit a duly filled application form along with required documents to the nearest NSTFDC office or through their official website. After submission, the application undergoes verification and appraisal. Upon approval, the loan is disbursed directly into the applicant's bank account.