Loan may be provided for manufacturing, fabrication and production activity. The disabled person will be the owner/chief executive of the company and employing at least 15% disabled persons.
Maximum amount of loan provided under the scheme is Rs.20.00 lakh.
Illustrative list is given below:
Any other suitable manufacturing/processing activity besides above:
Towards the fulfillment of the overall objectives of empowerment and development of disabled persons in the country, the Corporation provides financial assistance to eligible beneficiaries in two components viz., educational /training grants and loans (In pursuance of objective (5) & (6) of MOA).
Financial assistance from the corporation would flow towards training and Education requirements of the disabled groups under both formal and non-formal education/training, which would impart useful knowledge and skill. Formal training would equip the beneficiary to improve his/her chances of employment and self-employment through completing appropriate vocational/academic courses leading to the certificate /diploma or other qualification. While higher education (under graduate, post-graduate and doctoral studies) applications would be considered for loan whereas applications for technical education/ training leading to diplomas and certificates will be considered as grants, which would meet the beneficiary's expenses towards both tuition fees and hostel facilities provided no other financial assistance or concession(s) is available from any other source for this purpose.
Channelising Agencies are required to furnish lists of recognised institutions identified for imparting training in these areas, which will be approved by the Corporation.
Additionally, technical training including non-formal training wherever required will not form part of the project and the expenditure incurred therein will not form part of a loan.
Loan assistance is provided to disabled persons for:
Loan Assistance is provided for setting up small scale industry for manufacturing aids and appliances developed under R & D programmes of Government/academic institutions of repute for disabled within the country. The company should employ disabled persons.
Maximum loan available under this scheme is Rs.25.00 lakh.
Persons with mental retardation, cerebral palsy or autism may not be eligible to seek loan and enter into a legal contract. In such cases following categories of persons are eligible for financial assistance from NHFDC.
Persons seeking loan from NHFDC under this category should encourage self employment of the mentally retarded persons. Projects should be identified in such a way that there is direct involvement and participation of the beneficiary in the project.
Indicative areas for financing are:
Maximum loan available under this scheme is Rs.2.50 lakhs