New Swarnima Scheme For Women
The New Swarnima Scheme provides financial assistance to women entrepreneurs from backward classes through loans at a low interest rate.
Key facts
| Benefit | Loan up to ₹2 lakh at 5% interest |
|---|---|
| Who | Women entrepreneurs aged 18-55 |
| Income limit | Annual family income < ₹3 lakh |
| Implemented by | National Backward Classes Finance and Development Corporation (NBCFDC) |
| Official portal | nsfdc.nic.in |
| Helpline | 18001023399 |
| Application window | Open all year for eligible women entrepreneurs. |
Benefits
Beneficiaries can receive a loan of up to ₹2,00,000 at a 5% interest rate, with no requirement for personal investment for projects costing up to this amount.
Who can apply
- Age 18–55
- Household income ≤ ₹3,00,000/year
- Women / girls only
- For: entrepreneur
- not income tax payer
- no government employee in family
Eligible applicants must be female, aged between 18 and 55 years, and classified as entrepreneurs. They should have a total annual family income of less than ₹3 lakh and cannot be income tax payers or have government employees in their family.
How to apply
Applications must be submitted offline at the nearest State Channelising Agency (SCA) office.
- Visit the nearest SCA office and obtain the application form for the Swarnima Scheme.
- Fill in the required details in the application form, including your vocational needs and training requirements.
- Submit the completed application form along with the necessary documents to the SCA office.
- Wait for the application to be reviewed and the loan to be sanctioned by the SCA.
Documents required
- Proof of Identity (Aadhaar card)
- Ration Card
- Domicile Certificate
- Caste Certificate (for reserved category)
- Passport size Photograph of the applicant
Common problems and how to fix them
| Problem | What to do |
|---|---|
| Application rejected | Ensure all required documents are submitted and the application form is filled correctly before resubmission. |
| Loan not disbursed | Contact the nearest State Channelising Agency (SCA) to check the status of the application and any pending requirements. |
Frequently asked questions
What is the maximum loan amount available under the Swarnima Scheme?
The maximum loan amount that can be obtained under this scheme is ₹2,00,000 at an interest rate of 5% per annum.
Is there any personal investment required for the loan?
Beneficiaries are not required to invest any of their own money for projects costing up to ₹2,00,000.
What is the interest rate for the loan?
The interest rate for the loan is set at 5% per annum for the beneficiaries.
Can women from the general category apply for this scheme?
Yes, the scheme is open to women entrepreneurs from all categories, including the general category.
What documents are required to apply for the scheme?
Applicants need to provide proof of identity (Aadhaar card), a ration card, a domicile certificate, a caste certificate (if applicable), and a passport-sized photograph.
How long do I have to repay the loan?
The loan must be repaid in quarterly installments over a maximum period of 8 years, which includes a 6-month moratorium on the recovery of the principal.
Always confirm the latest details on the official portal before applying.
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