Applications invited for micro credit Mahila Samridhi Yojana loan scheme, provided by Kerala  State Backward Class Development Corporation (KSBCDC) for Kudumbashree CDS at lower intrest rate. KSBCDC provides loan schemes of National Backward Section Financial Development Corporation, National Minority Development Finance Corporation and National Safai Karmacharis Financial Development Corporation.60% members of neighborhood group selected for NBCFDC scheme should belong to Other Backward Classes.

Preference will be given to neighborhood groups with 60 to 75 % members belonging to minority communities for NMDFC funded scheme and 50 % other backward/minority community members to NSKFDC scheme. A CDS can avail loans subject to a maximum of Rs 3 crore subject to conditions. A maximum of 15 lakhs to a neighborhood group and up to 1 lakh to individuals will be provided through CDSs. The NSKFDC funded scheme will provide a maximum loan of Rs 10 lakh to a neighborhood group.

Loan will be sanctioned for CDS with 3% intrest rate  in Mahila Samriddhi Yojana and 4% in micro credit. After taking a margin of 1% for CDS, the neighborhood groups have to disburse loans to the members at the rate of 4 and 5%. As funds are available for the financial year 2022-23 for the micro credit loan scheme for the minorities, the neighboring groups which includes Muslim and Christian community should contact the Kudumbashree CDS for loans. Phone – 0491 2505366, 0491 2505367.

Last updated on :24-02-2023