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Government Subsidies
Maharashtra Divyangjan Self-Employment Loan: 4% Concessional Credit & Direct Subsidies
How persons with disabilities in Maharashtra can access concessional business loans at 4% to 5% interest and government subsidies through the Maharashtra Divyang Corporation.
Persons with disabilities (Divyangjan) face unique obstacles in accessing commercial bank financing. Recognizing this, Maharashtra was the first state in India to establish an independent Ministry of Divyang Welfare (दिव्यांग कल्याण मंत्रालय).
Through the Maharashtra State Handicapped Finance and Development Corporation, eligible individuals can access credit at nominal rates.
1. NHFDC Concessional Lending Slabs
- Loans up to ₹50,000: Flat 4% per annum interest rate.
- Loans from ₹50,001 to ₹5,00,000: Flat 5% per annum interest rate.
- Female Beneficiaries: Additional 0.5% interest rebate under the Divyangangana scheme.
- Repayment Tenure: 3 to 7 years with liberal moratorium provisions.
2. Eligible Businesses
The scheme finances any viable commercial activity, including retail stationery kiosks, computer typing and cyber centers, telephone booths, grocery stores, tailoring shops, and electronic appliance repair centers.
3. Eligibility Criteria
- Minimum 40% permanent disability certified by a government medical board, verified via a valid UDID (Unique Disability ID) Card.
- Domicile of Maharashtra, aged between 18 and 55 years.
General Educational Disclaimer: Information published on the PSBLOAN Knowledge Center is provided for general educational purposes and should not be considered financial, legal, or lending advice. Loan eligibility, interest rates, fees, approval, and other terms are determined by the respective lender based on its policies and the applicant's profile.