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Financial Assistance for SC & OBC

Financial Assistance for SC & OBC

About the Service

The Financial Assistance Scheme for SC & OBC Entrepreneurs is a government initiative aimed at promoting inclusive economic growth by empowering Scheduled Caste (SC) and Other Backward Class (OBC) individuals to establish and grow their businesses. Through subsidized loans and other support, this scheme enables socio-economic upliftment and fosters self-employment.

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Why Opt for This Financial Assistance?

Easy Access to Capital

Avail loans at low-interest rates with government backing

Promotes Self-Employment

Encourages SC/OBC individuals to become job creators

Low Collateral Requirements

Special benefits for marginalized communities

Support for New and Existing Enterprises

Must have a viable business idea or existing enterprise

Documents Required

  • Aadhaar Card
  • Caste Certificate (SC/OBC)
  • Income Certificate
  • PAN Card
  • Passport Size Photo
  • Project Report or Business Plan
  • Address & ID Proof
  • Bank Account Details
  • Proof of Business (if existing)

Loan & Assistance Structure

  • Loan amount: Up to ₹10 lakhs (varies based on the scheme)
  • Subsidy: Up to 50% of the project cost (subject to ceiling limits)
  • Repayment Tenure: 3 to 7 years with a moratorium period
  • Interest rates as per the guidelines of NSFDC/NBCFDC or other nodal agencies

How to Apply? – Step-by-Step Process

  • Business Idea Consultation
  • Document Collection & Verification
  • Prepare Detailed Project Report (DPR)
  • Apply through Nodal Agency / Online Portal
  • Loan Sanction & Subsidy Disbursement
  • Setup & Monitoring of Business Unit

Why Choose Us for Financial Assistance for SC & OBC Entrepreneurs?

At BharatNXT Wave, we help SC & OBC entrepreneurs turn their ideas into successful ventures through our guided support system. From planning to execution, we make the journey smooth and successful. Our services include:

Eligibility Check & Consultation
Documentation & Project Report Preparation
Application Submission & Follow-up
Business Setup Assistance

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