The New Swarnima Scheme For Women is a term loan initiative by the Ministry of Social Justice and Empowerment designed specifically for women entrepreneurs from backward classes. Launched by the National Backward Classes Finance and Development Corporation (NBCFDC) and implemented through State Channelising Agencies (SCAs), the scheme aims to provide social and financial security by offering a subsidized loan for self-employment ventures.
Benefits
- Loan Subsidy:
- A loan of up to ₹2,00,000 is provided at an interest rate of 5% per annum.
- Self-Investment Requirement:
- Beneficiaries are not required to contribute any amount of their own for projects costing up to ₹2,00,000.
- For projects within this cost bracket, the entire amount is available as a subsidized loan.
Eligibility
- Gender:
- The applicant must be a female.
- Age:
- The eligible age range is between 18 and 55 years.
- Entrepreneurial Status:
- The applicant must be an entrepreneur.
- Family Income:
- The total annual family income of the applicant must be less than ₹3 Lakh per annum.
- Target Group:
- The scheme is targeted at women from backward classes.
Application Process
Offline Process
- Visit Nearest SCA Office:
- Eligible applicants should visit their nearest State Channelising Agency (SCA) office.
- Find your nearest SCA office via this link.
- Application Form:
- Fill in the prescribed application form for the Swarnima Scheme for Women.
- Include necessary details about the business venture, choice of vocation, and any training requirements.
- Submission:
- Submit the completed application form along with the required documents at the SCA office.
- The SCA will review your application and, if found eligible, will sanction the loan.
Documents Required
- Proof of Identity (Aadhaar Card)
- Ration Card
- Domicile Certificate
- Caste Certificate (for reserved category)
- Passport-size Photograph of the applicant
Frequently Asked Questions
-
What is the maximum size of the loan under the Swarnima Scheme?
The scheme provides a loan of up to ₹2,00,000 at 5% per annum. -
What is the minimum amount that I am required to invest on my own if the project cost is under ₹2,00,000?
You are not required to invest any amount of your own for projects costing up to ₹2,00,000. -
How much will be the interest rate for the loan?
The interest rate is 5% per annum. -
By when am I expected to repay the loan?
The repayment terms, including the repayment period, are detailed in the scheme guidelines provided by NBCFDC. -
I seek to know more about the pattern of financing. Where can I find details?
Please refer to the detailed scheme guidelines issued by NBCFDC. -
Can women entrepreneurs from the GENERAL category also apply to this scheme?
The scheme is specifically designed for women entrepreneurs from backward classes. -
I am a 21-year-old female entrepreneur. Is there an age criterion to be eligible?
Yes, the applicant must be between 18 and 55 years of age. -
Can a male entrepreneur from the OBC category also apply to this scheme?
No, the scheme is exclusively for female entrepreneurs. -
Should the project/venture be from a specific sector to be eligible?
The scheme focuses on supporting self-employment ventures. Specific sector requirements, if any, will be mentioned in the scheme guidelines. -
Is there a helpline number where I can get answers for my queries regarding the application process?
Please refer to the NBCFDC scheme guidelines or the official website for helpline details. -
What are SCAs?
SCAs are State Channelising Agencies that act as nodal agencies for the implementation of the scheme. -
How do I know if a field in the application form is mandatory?
Mandatory fields are typically marked with an asterisk (*) or highlighted in the application form.