The OBCFDCC is receiving assistance from National Backward Classes Finance Development Corporation (NBCFDC) and National Minority Development Finance Corporation (NMDFC) under following schemes.
The income criteria of OBC/SEBC/Minority people, living below double the poverty line i.e. Rs. 40,000/- in rural area and Rs. 55,000/- in urban area.
The age limit is 18 to 50 years.
The repayment period is 8 years covering 32 quarterly installments.
No there is no subsidy for OBC/SEBC/Minority people under the scheme.
The maximum limit of Term Loan is Rs. 5,00,000/- per beneficiary.
The repayment period is 3 years covering 12 quarterly installments.
The maximum amount per beneficiary is Rs. 25,000/- in case of Self help Group it is Rs. 2,50,000/- per group.
The repayment period is 10 years covering 40 quarterly installments.
The maximum financing limitation per beneficiary is Rs. 50,000/-
The State Channelising Agency (OBCFDCC) invites applications from the people by making advertisement in the leading daily oriya newspaper giving specific instruction how to apply and to whom apply with date line.
The beneficiary will submit their application along with other relevant documents to concern Block office in rural area and concern EO of NAC/DWO office in urban area.
After receiving the application the DWO of the concern District put the same before the District Selection Committee (DSC) for approval keeping number of eligible beneficiaries as per target given by OBCFDCC. Beneficiary list approved by the District Selection Committee is submit to OBCFDCC for release of fund. The Corporation (OBCFDCC) release fund to the concerned DWOs for disbursement of loan to beneficiaries.
Yes there are some Training Programmes are organized through reputed Govt. as well as Private Institutions for self employment of OBC and Minority youths.
Most of them are self employed in different organizations.
As per statement enclosed.
Yes, there are some immovable mortgage has given by the beneficiary for availing this loan.
Yes, the beneficiary has to provide mortgage (loan amount) along with equal amount of guaranteer’s property is required.
The Corporation has taken legal action under OPDR Act and N.I.Act against the beneficiaries defaulted in repayment of loan dues.