Direct Finance Scheme

Scheme Details:

• To economically empower backward class individuals and maximize the number of beneficiaries. To avoid delays and difficulties in loan approval through banks, the direct loan scheme limit has been increased from ₹25,000 to ₹1,00,000 as per Government Resolution No. MPC-2017/Pr.No.274/Mahacorporations, dated December 21, 2018.
• The direct loan scheme is implemented through the share capital received by the Mahatma Phule Corporation.
• Scheme Structure:
1. Project Limit: Up to ₹1,00,000.
2. Corporation’s Contribution: ₹85,000, including a grant of ₹10,000 (with limits).
3. Applicant’s Contribution: ₹5,000.
4. Loan Repayment: To be repaid in equal monthly installments within 3 years (36 months).
5. Interest Rate: 4% per annum on the loan provided.

Beneficiary:

As mentioned above

Benefits:

As mentioned above