Term Loan Scheme of NMDFC
in Manipur
Last updated:
Term Loan Scheme of NMDFC in Manipur
Term Loan Scheme of NMDFC is a government scheme available to eligible residents of Manipur.
Apply for Term Loan Scheme of NMDFC in Manipur
Scheme Overview
Under this scheme, credit of up to Rs. 20 lacs under Credit Line-1 and up to Rs. 30 lacs under Credit line -2 is extended to beneficiaries among minority communities at 6% p.a. & 8% p.a. respectively for financing economically viable income generation ventures.
Eligibility Criteria
a) The applicant must be Indian and belong to one of the six notified minority communities: Muslim, Christian, Sikh, Buddhist, Parsi, or Jain.
b) The annual family income should not exceed:
Rs. 3.00 lakh per annum under Credit Line–1.
Rs. 8.00 lakh per annum under Credit Line–2.
c) The applicant must be 18 years or above and capable of undertaking self-employment activity.
d) The applicant should not have any outstanding loan or default under any Central/State Government financing scheme.
e) The project proposal should be economically viable and technically feasible.
f) The applicant must have a valid Aadhaar-linked bank account, residence proof, income certificate, and minority community certificate issued by a competent authority.
g) Preference shall be given to women, youth, and occupational groups belonging to the minority communities.
h) Insurance of the borrower and assets financed is mandatory under NMDFC guidelines.
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Benefits
Concessional Credit to the beneficiaries among minority communities.
Required Documents
| # | Document |
|---|---|
| 1 | Duly filled loan application form (as prescribed by SCA/Bank). |
| 2 | Recent passport-size photographs of the applicant and co-applicant (if any). |
| 3 | Proof of Minority Status: Self-declaration or certificate from competent authority. |
| 4 | Income Certificate issued by a competent authority (Tehsildar/SDM). |
| 5 | Residence Proof: Aadhaar card, Voter ID, Ration Card, or Utility Bill. |
| 6 | Identity Proof: Aadhaar card/PAN card. |
| 7 | Project Report or Business Plan (detailing purpose, cost, and financial viability). |
| 8 | Bank Account Proof: Cancelled cheque or first page of passbook (Aadhaar linked). |
| 9 | Quotation/Estimate of machinery, equipment, or raw materials (as applicable). |
| 10 | No Dues Certificate from other financial institutions (if required). |
| 11 | Affidavit/Self-declaration stating non-availment of loan from other government schemes. |
| 12 | Insurance document (if available at time of submission; otherwise post-sanction). |
How to Apply in Manipur
NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners (Presently through Canara Bank & Punjab Grameen Bank).
Offline NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners (Presently through Canara Bank & Punjab Grameen Bank).
Common questions in Manipur
Who can apply for Term Loan Scheme of NMDFC in Manipur?
Eligible residents of Manipur who meet the scheme’s overall criteria can apply for Term Loan Scheme of NMDFC. Refer to the eligibility section above for the complete checklist.
What documents are required for Term Loan Scheme of NMDFC in Manipur?
Applicants in Manipur typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The Term Loan Scheme is open to individuals belonging to one of the six notified minority communities (Muslim, Christian, Sikh, Buddhist, Parsi, and Jain). The applicant must have an annual family income of up to Rs. 3.00 lakh under Credit Line–1 and up to Rs. 8.00 lakh under Credit Line–2. <br>