Green Business Scheme
The Green Business Scheme offers loans for income-generating activities that address climate change.
Key facts
| Benefit | Loan up to ₹30 lakh |
|---|---|
| Who | Safai Karamcharis, Scavengers and their Dependents |
| How paid | Loan for income-generating activities related to climate change |
| Implemented by | National Safai Karamcharis Finance and Development Corporation (NSFDC) |
| Official portal | nsfdc.nic.in |
| Application window | Open all year for loan applications |
Benefits
Beneficiaries can receive loans up to ₹30 lakh for projects that contribute to climate change mitigation. The loans cover up to 90% of the project cost, depending on the type of activity.
Who can apply
- For: safai karamcharis, scavengers
- not income tax payer
- no government employee in family
Individuals employed as safai karamcharis or scavengers, along with their dependents, can apply for this scheme. Applicants must not be income tax payers and should not have any government employees in their family.
How to apply
Applications can be submitted through various channels, including district offices and banks.
- Visit the nearest District Office of State Channelizing Agencies (SCAs) or a branch of a Regional Rural Bank (RRB).
- Obtain and fill out the loan application form.
- Submit the completed application along with required documents.
- The application will be scrutinized and sent to the head office for appraisal.
- If approved, the project will be forwarded to NSKFDC for final approval.
Documents required
- Aadhaar Card
- Driving License
- Bank Details
- Caste Certificate
- Income Certificate
- Domicile Certificate
Common problems and how to fix them
| Problem | What to do |
|---|---|
| Application rejected | Ensure that all eligibility criteria are met and required documents are submitted correctly. |
| Loan amount not received | Check with the District Offices of State Channelizing Agencies or the bank for the status of the application. |
Frequently asked questions
What is the interest rate for the loans?
The interest rate can be as low as 2% per annum for beneficiaries from Scheduled Castes.
What is the maximum loan amount available?
The maximum loan amount under the scheme is up to ₹30 lakh.
What is the repayment period for the loan?
The loan must be repaid within 10 years, which includes a 6-month moratorium period.
What types of activities can the loan be used for?
Loans can be used for purchasing battery electric vehicles, compressed air vehicles, solar energy gadgets, and poly houses.
Who is eligible to apply for this scheme?
Eligibility is limited to safai karamcharis, scavengers, and their dependents, with specific exclusions regarding income tax and family government employment.
Always confirm the latest details on the official portal before applying.
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