Vanchit Ikai Samooh Aur Vargon Ko Aarthik Sahayata Yojana

Salient Features

Maximum loan limit (for SHG): ₹ 4,00,000

Maximum loan limit (for individual): ₹ 2,00,000

Maximum Subvention Amount: @5% per annum



Mode of payment of Subvention

Through Direct Transfer of Subvention Amount into operating account of SHG or Individual

Eligibility Criteria for Other Backward Classes (OBCs)

1. Members of Backward Classes, as notified by Central Government/State Governments
2. All OBC Antyodaya Anna Yojana (AAY) cardholders, and OBC individuals facing three or more Deprivations in terms of SECC-2011, as per records available at the relevant BDO Office shall be eligible for Interest Subvention
3. All OBC beneficiaries involved in Agricultural activities and getting coverage under the PM KISAN
4. SHGs must be registered with NRLM/NULM/NABARD with more than two years of credit history



Eligibility Criteria for Scheduled Castes (SCs):

1. NSFDC recognized Self-Help Groups (SHGs) registered with NRLM/NULM and NABARD
2. The definition of Scheduled Castes includes all castes notified in the State and/or Central Government lists of SCs
3. Valid Annual Income Certificate issued by the competent authority of the State Government
4. AAY cardholders, and other individuals facing three or more Deprivations in terms of SECC-2011
5. All beneficiaries involved in Agricultural activities and getting coverage under the PM KISAN

Offline

Step 1: Eligible applicant needs to visit the nearest SCA office, and apply on the prescribed form for VISVAS Scheme. You can find your nearest SCA office at this link - https://nsfdc.nic.in/channel-patrners/scas



Step 2: Enter the necessary details in the application form and mention the needs and choice of vocation and training requirements, if any.



Step 3: Submit your application form and the required documents to the same SCA office. After reviewing the application, the loan will be sanctioned by SCA.

Proof of Identity (Aadhaar card)

Proof of membership in an SHG

Proof of registration of the SHG with NRLM/NULM/NABARD

Proof reg. Credit History of the SHG

Ration Card

Income Certificate (issued by the competent authority of the State Government)

Caste Certificate

Antyoday Anna Yojana (AAY) card (if applicable)

Proof of being a beneficiary of PM Kisan Scheme (if applicable)

Passport size Photograph of the applicant