KERALA STATE DEVELOPMENT CORPORATION FOR SCHEDULED CASTES AND SCHEDULED TRIBES
HEAD OFFICE : THRISSUR
DISTRICT OFFICE : THATTA COMPLEX,
NEAR A.K.G HOSPITAL,
TALAP, KANNUR.
Phone: 04972 705036
e-mail:- knrksdc@gmail.com
web :- scstcorporation.com
The Kerala State Development Corporation for Scheduled Caste and Scheduled Tribes Ltd., incorporated as a Company under the Companies Act, 1956 in 1972 has been functioning as a prudent finance institution over the years for the socio-economic advancement and empowerment of the members belonging to Scheduled Castes and Scheduled Tribes in Kerala. The Corporation is well aware of the magnitude of responsibility put on its shoulders by the policy makers and hence has been acting as a catalyst to enthuse and energize the potential members belonging to the target group so as to satisfy the growing ambitions and aspirations of an emerging group of entrepreneurs from among them. It is commendable to note that the organization has been able to set a new trend in project financing over the last few years by framing a lending mechanism marked by liberal terms and generous conditions.
The Corporation has been implementing self-employment and other social welfare schemes with the objective of making the target population self-reliant by developing and utilising their man power. A credit portfolio with provision to finance projects of dynamic entrepreneurs having investment needs ranging from Rs.50,000/- to Rs.50 lakhs makes the lending programmes of the Corporation popular and magnificent.
Source of finance for implementing various schemes are :-
- Share Capital of the Corporation contributed annually by both Govt. of India and Govt. of Kerala in the ratio of 49:51.
- Term Loan Assistance from National Scheduled Castes Finance and Development Corporation (NSFDC) and National Scheduled Tribes Finance and Development Corporation (NSTFDC) under Govt. of India.
Mission
Empowerment of the Scheduled Castes and Tribes to overcome poverty and stigma and free them of the existing social imbroglio through their human resources development and active involvement in fruitful ventures of income generation to ensure social and economic justice to the members.
Vision
Socio-economic advancement of the Scheduled Castes and Tribes is the outcome of an integrated and result oriented effort of several forces on development which invariably necessitates social transformation and economic empowerment of their members by massive enlightenment, motivation and meaningful credit support through the Scheduled Castes and Scheduled Tribes Development Corporation.
SCHEMES – GENERAL
- A) Income Generating Schemes
1). Beneficiary Oriented Scheme
The Corporation intends to help unemployed youths among Scheduled Castes / Scheduled Tribes who are approaching the Corporation with small projects which are viable but not being implemented either directly or with the help of other financing agencies for starting self employment ventures. The maximum project cost is Rs.3,00,000/-. The applicant should be unemployed SC/ST persons in the age group of 18 to 55 years having annual income not more than 3,50,000/. The repayment period is 5 years and the rate of interest is 6%.
2). Transport Scheme
The scheme provides loan to Scheduled Caste beneficiaries for purchasing Auto/Commercial Vehicles with cost not exceeding Rs.10,00,000/-. The applicant should be unemployed SC/ST persons in the age group of 18 to 55 years having annual income not more than 3,50,000/. The scheme is made available to those candidates who have valid Driving Licence. The repayment period is 5 years and the rate of interest is 6%.
3). Multi purpose Unit Loan
The objective of the scheme “Multi Purpose Unit Loan” is to finance small and medium sized projects of SC/ ST entrepreneurs with investment needs not exceeding Rs.50 lakhs which are viable and requiring less gestation period. Those who have undergone some training or acquired some specialised knowledge in the relevant activity will be given preference. It covers economic activities cutting across different economic segments like agriculture, industry, trade and commerce. The applicant should be unemployed SC/ST persons in the age group of 18 to 55 years having annual income not more than 5,00,000/. The repayment period is 5 years. The rate of interest is 6% up to Rs.5,00,000/- and 8 % above Rs.5,00,000/- .
4) Foreign Employment Loan Scheme (New)
The Foreign Employment Loan Scheme envisages to provide up to Rs. 2 lakhs to those who go abroad for taking up an employment. It addresses the needs of unemployed but educated youngsters belonging to Scheduled Castes who have been offered a placement by a recognized overseas employer. Out of the gross amount of Rs. 2 lakhs, Rs.1 lakh is released as loan and the remaining Rs.1 lakh will be subsidy. While the Corporation releases the loan portion, the subsidy is released by the State Government (Scheduled Castes Development Department). The interest on loan is 6% with repayment period of 3 years.
5) Land Purchase Scheme for Agricultural Labourers.
The project aims to improve the social and economic conditions of agricultural labourers belonging to SC community in our state who are either landless or possess negligible land, by creating a permanent land-base. The scheme provides Rs.5.00 lakhs per beneficiary for purchasing minimum 30 cents of agricultural land suitable for agricultural activities. Out of this, an amount not exceeding Rs.50,000/- will be given as special subsidy by the Corporation. The repayment period is 8 years and the rate of interest is 6%.
6) Micro Credit Finance Programme
The project is meant to provide timely and effective micro loans to the poorest of the poor among the SC beneficiaries to engage in low investment oriented income generating ventures. The scheme envisages that by arranging micro credit, the loanees will be able to undertake petty business / tiny industrial activities and thereby earn additional income to support their livelihood. Theunit cost of the scheme is Rs.50,000/-. The loan is to be repaid within a period of 3 years at 5% rate of interest.
7) LaghuVyavasayYojana
The scheme is meant to fund mini industrial ventures promoted by entrepreneurs belonging to Scheduled Castes, having enough potential to earn regular income for the subsistence of their family. The unit cost of the scheme will be Rs.4,00,000/- with interest rate of 6% p.a. The loan is repayable within a period of 5 years.
8) Adivasi Mahila Saktheekaran Yojana
The scheme envisages to provide soft loan assistance to ST women entrepreneurs to promote income generating activities and thereby to improve their socio-economic status in the society. The credit at nominal rate of interest is meant to fund low-investment oriented and conventional trades and activities including petty business, which are viable and suitable to earn additional income for the poor target group. The applicant should be unemployed ST woman in the age group of 18 to 55 years. Annual family income of the beneficiary should not exceed Rs.98000/-.in rural area and Rs.1,20,000/- in urban areas. The project cost of the scheme is Rs. 50,000/- per unit and the rate of interest on the loan is 4%. The repayment period is 5 years.
9) Loan for Tribal Entrepreneurs Scheme
The basic objective of this project is to arrange self employment opportunities to the enterprising SC and ST youths in the state by starting small/ medium sized projects which are viable so as to widen their involvement in the sector of small industry, trade etc. The applicant should be unemployed ST youths in the age group of 18 to 55 years. Annual family income of the beneficiary should not exceed Rs.98000/-.in rural area and Rs.1,20,000/- in urban areas. The project cost of the scheme is Rs. 3,00,000/- per unit and the rate of interest on the loan is 6%. The repayment period is 5 years.
10) Loan for Rehabilitation of Return Emigrants (NORKA ROOTS)
In order to help the returned NRKs (Non Resident Keralites) to find a reasonable steady income for their livelihood, Government of Kerala have started the rehabilitation package called NDPREM (Norka Department Project for Return Emigrants). Accordingly, the Corporation (KSDC) has associated with NORKA ROOTS, the nodal agency for the programme and envisages to start ‘Loan for Rehabilitation of Return Emigrants’ As per this programme, KSDC will extend need based loan subject to a maximum of Rs.20 lakhs to
those applicants identified and recommended by NORKA ROOTS to start viable income generating ventures. Simultaneously, NORKA ROOTS will release capital subsidy of 15% of the project cost (subject to a maximum of Rs.20 lakhs) and interest subsidy of 3% for the first 4 years, to those beneficiaries who are regular in repayment. In case of default, the benefit would be extended only if the beneficiaries clear off his/her dues. The rate of interest on loan will be 6% upto Rs.5 lakhs and 8% above Rs.5lakhs with repayment period.of.5.years.
11). Loan for Startup Entrepreneurs
The objective of the scheme “Loan for Startup Entrepreneurs” is to fund small and medium sized technology driven projects of young entrepreneurs and innovators with investment needs not exceeding Rs.50 lakhs which are viable and requiring less gestation period. It covers startup ventures cutting across different economic segments promoted by even student entrepreneurs forming part of the State’s initiative to materializing the concept of ‘industry institute linkage’. The scheme however does not cover seed funds at the pre-commercialization stage.
The entrepreneurs belonging to Scheduled Communities within the age group of 18-55 years with annual family income not exceeding Rs.25,00,000/- will be considered for loan assistance. Students’ entrepreneurs from Professional Colleges with an urge for setting up knowledge driven and technology based greenfield enterprises will be given preference. The repayment period is 5 years and the rate of interest is 6% per annum upto Rs.5 lakhs and 8% per annum above Rs.5 lakhs.
12) Transport Scheme (Autorikshaw)
The scheme provides loan to ST youths for purchasing Autorikshaw as it yields quick returns with minimum efforts. The schemes are made available to those candidates who have valid Driving Licenses so that they can earn their livelihood by providing passenger traffic service to the Public. The project cost of the scheme is Rs. 2,25,000/-. The applicant should be unemployed ST youths in the age group of 18 to 55 years. Annual family income of the beneficiary should not exceed Rs.98,000/-.in rural area and Rs.1,20,000/- in urban areas. The repayment period is 5 years and the rate of interest is 6% p.a.
13). PROFESSIONAL SERVICE SCHEME.
The loan proposal “Professional Service Scheme” is meant to assist enterprising and ambitious youths belonging to Scheduled Caste with some recognised professional degree/ diploma to set up their own venture for income generation and gainful employment. The scheme supplements the need from professionals like Doctors, Graduate Engineers, Diploma/ITI/ITC holders , Paramedical Technicians, Lawyers, etc for project finance to promote sustainable ventures using their intelligence and insight. Maximum project cost is Rs.5,00,000/- and loan amount should be recovered in 60 equal monthly instalments with 7% simple interest per annum.
- Working Capital Loan to Petroleum Dealers
The basic objective of this project is to provide working capital loan to authorised petroleum dealers belonging to Scheduled Castes. The project cost of the scheme is Rs. 7,50,000/- The applicant should belong to the SC Community and their age will not exceed 60 years having annual income not more than 6,00,000/. The loan amount should be recovered in 100 equal monthly instalments with 4% simple interest per annum.
- Social Welfare Schemes
15) Educational Loan
For undergoing studies in any professional course at graduate / post graduate level in India, maximum Rs.4.00 lakhs as loan will be provided to SC /ST students. The loan amount is upto Rs.2,00,000/- for studies within the State. The repayment period is 5 years after the completion of the course and the rate of interest is 6%.
16) Foreign Education Loan
In order to help bright students of SC communities to go for higher studies abroad, the Corporation proposes to give financial assistance up to Rs.10 lakh per head to the needy students for pursuing job assured specialised post graduate professional studies. The repayment period is 5 years and the rate of interest is 6% per annum upto Rs.5 lakhs and 8.50% per annum above Rs.5 lakhs.
17) Personal Loan to Govt. employees
This loan is targeted on government employees belonging to Scheduled Castes / Scheduled Tribes to assist them for satisfying their personal needs in daily life like purchasing house hold appliances or electronic goods and meeting urgencies like marriage and medical treatment. The maximum project cost of the scheme is Rs.2,00,000/- per head. The repayment period is 5 years and the rate of interest is 9%.
18) Car loan to Govt. Employees belonging to Scheduled Castes
The basic objective of the scheme is to provide soft loan to purchase a motor car to persons employed on regular basis in State Govt. Departments, live State Public Sector Undertakings and Autonomous Institutions of the State Govt. and belonging to Scheduled Castes so that they need not resort to the private financiers in the state charging exorbitant rates of interest for vehicle finance. It also aims to diversify the lending activities of the Corporation by extending credit to the salaried class hither to left least untapped, as they are identified as a potential group of beneficiaries with less risk component and high incidence of repayment. Under the scheme, amount up to Rs. 7 lakhs will be released as loan towards the cost of purchasing a motor car which includes the registration & insurance charges too. The applicant should have service left before retirement for a period not less than six years.The rate of interest on loan will be 8% p.a. with repayment period of 5 years.
19) House Renovation Loan
The scheme “House Renovation Loan” has been devised by the Corporation to extend loan to lower income groups and government employees belonging to scheduled castes to undertake renovation and extension of their existing houses. The scheme has a special relevance in the light of the recent floods in Kerala which had devastated the houses of several individuals who were kept displaced of their original homes. The loan amounting up to Rs.5 lakhs may be used by the beneficiaries for the repair, maintenance and renovation of the existing dwellings. Scheme will apply to two categories of beneficiaries. ie., lower income groups as well as the salaried class. The rate of interest on loan will be 6% for the former and 7% for the latter. The repayment period of loan will be 6 years.
20) Housing Loan
The scheme “Housing Loan” will be launched by the Corporation as a flagship programme to assist lower income groups belonging to Scheduled Communities to materialise the concept of their dream home. This scheme too has a special relevance in the light of the recent floods in Kerala as it also addresses the basic necessities of many who were displaced of their original home. The loan amounting up to Rs. 10 lakhs may be used by the beneficiaries for the construction or purchase of new house. The rate of interest on loan will be 6-7% and the repayment period will be 7-10 years.
SCHEMESEXCLUSIVELY FOR WOMEN
21) Women Empowerment Programme
The Women Empowerment Programme is a new initiative of the Corporation to materialize the concept of Empowerment of the rural women through social mobilization. The programme will be implemented in association with the Kudumbasree Movement of the State Government . Under the scheme, the Corporation extends loan to a group of women entrepreneurs belonging to Scheduled Castes/Scheduled Tribes to undertake viable income generating activities. The group may consist of 10 to 20 members on the lines of the Neighbourhood groups of Kudumbasree. The amount admissible per group will be Rs. 3 lakhs out of which Rs. 2 lakhs will be loan and the remaining will be subsidy. The interest on loan will be 5% p.a.with repayment period of 3 years.
22) Mahila Samridhi Yojana
The scheme envisages to provide soft loan assistance to SC women entrepreneurs to promote income generating activities and thereby to improve their socio-economic status in the society. The credit at nominal rate of interest is meant to fund low-investment oriented and conventional trades and activities including petty business, which are viable and suitable to earn additional income for the poor target group. The project cost of the scheme is Rs. 50,000/- per unit and the rate of interest on the loan is 4%. The repayment period is 3 years.
23) Marriage Assistance Scheme
In order to safeguard the Scheduled Communities from the exploitation of private money lenders, the Corporation implements “Marriage Assistance Scheme” which provides the members with a lumpsum amount to conduct the marriage of their daughters. The parents should belong to the SC/ST Community and their age will not exceed 65 years having annual income not more than 3,00,000/. The maximum unit cost is Rs.2,50,000/-. The repayment period is 5 years and the rate of interest is 6%.
Important documents to be submitted for Self Employment Loans
-
- Income Certificate
- Community Certificate
- Ration Card-Copy
- Aadhar Card-Copy
- School Certificate /Age Certificate -Copy
- Bank Pass Book –Copy
- Project Report
- Passport-copy (for Foreign Employment Loan & Rehabilitation of Return Emigrants)
- Work Agreement & Visa –Copy (for Foreign Employment Loan)
- Driving License- Copy (For Transport Scheme)
- License from local body (if required)
Surety
Employment surety or simple mortgage of landed property
Important documents to be submitted for Marriage Assistance Loans
- Income Certificate
- Community Certificate (Applicant & Bride)
- Ration Card-Copy
- Aadhar Card-Copy (Applicant & Bride)
- School Certificate/Age Certificate-Copy (Applicant & Bride)
- Bank Pass Book –Copy
- Certificate from the Panchayath Member/President regarding the fixation of marriage
Surety
Employment surety or simple mortgage of landed property
- Important documents to be submitted for Housing/ House Repairing Loans
- Income Certificate
- Community Certificate
- Ration Card-Copy
- Aadhar Card-Copy
- School Certificate/Age Certificate-Copy
- Bank Pass Book-Copy
- Building Permit
- Building Plan & Estimate
Surety
simple mortgage of landed property
Important documents to be submitted for Educational Loans
- Income Certificate
- Community Certificate
- Ration Card-Copy
- Aadhar Card-Copy
- School Certificate (Educational Qualifications)-Copy
- Bank Pass Book-Copy
- Copy of Admission Confirmation from educational Institute with Schedule of Payment charges
- Copy of Prospectus of the course for which loan is sought
Surety
Employment surety or simple mortgage of landed property
Right to Information Act-2005
State Public Information Officer:- District Manager, KSDC FOR SC & ST Ltd ,Kannur
Assistant Public Information Officer:- Junior Superintendent, KSDC FOR SC&ST Ltd, Kannur
Appellate Authority: Managing Director, KSDC for SC&ST Ltd, Thrissur
Right to Service Act-2012
|
Sl No |
Services |
Stipulated Time |
Designated Officer |
First Appellate Authority |
Second Appellate Authority |
|
1 |
Sanctioning of Loan |
7 (seven) days from the date of receipt of dully filled up application with all necessary supporting documents and legal opinion |
District Manager |
Managing Director |
Board of Directors |