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Business Loans for Disabled People

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Loan Schemes for Differently-abled People under NHFDC

Interest Rates offered under NHFDC – Divyangjan Swavalamban Yojana

One of the provisions that the government has made for business loan of this kind reduces the rates of interest. The loan amount  and interest rates as specified by the NHDFC under Divyangjan Swavalamban Yojana are as follows:

Purpose:

  • Offer concessional funding for the benefit of persons with disabilities
  • Initiating any activity contributing directly or indirectly to the income generation
  • Pursuing higher education after the 12th standard
  • Pursuing vocational or skill development
  • Purchase and/or fitment of any assistive device(s)

Loan Details:

Loan Amount (Rs. In Lakhs) Rate of Interest (%) Implementing Agency Margin (%) Rate of Interest of PwDs (%)
Less than 0.50 2 3 5
Above 0.50 – 5.0 3 3 6
Above 5.0 – 15.0 3 4 7
Above 15.0 – 30.0 4 4 8
Above 30.0 – 50.0 4.5 4.5 9

Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the commission.

Eligibility Criteria

  • Any Indian citizen with 40% or more disability
  • Age above 18 years. However, in the scenario of persons with mental retardation, the eligible age would be above 14 years

Comparison of Interest Rates on Business Loan Offered by Top Banks

Bank/NBFCs Interest Rate
Axis Bank 10.75% p.a. onwards
Flexiloans 1% per month onwards
HDB Financial Services Ltd. 8% - 26% p.a.
HDFC Bank 10.75% - 25% p.a.
IDFC First Bank 10.50% p.a. onwards
Indifi 1.50% per month onwards
Kotak Mahindra Bank 16% - 26% p.a.
Lendingkart 12% - 27% p.a.
Mcapital 2% per month onwards
NeoGrowth Finance 15% - 40% p.a.
Tata Capital 12% p.a. onwards
UGRO Capital 9% - 36% p.a.
Bajaj Finserv 10% to 26%

Also Check – Interest rates offered by other business loan providers

Types of Business Loans under NHFDC

Broadly speaking, it includes any business that seems to be viable economically and is capable of generating enough income to sustain the person or a family.  Few operational schemes are as follows:

  • Divyangjan Swavalamban Yojna
  • Credit based and non credit based funding
  • Vishesh Microfinance Yojna

Repayment Tenure

The tenure for the repayment of the loan is also pretty long, giving a person ample opportunity to earn the capital back and repay according to convenience. The minimum repayment tenure is 3 years and maximum offered is up to 10 years under various schemes for differently-able people. The moratorium period is also included under this tenure.

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Apply for a Business Loan from NHFDC

Now the last step of getting the loan is applying for it and getting approval from the appropriate agencies. Firstly, you should have all the documents ready that can act as proof of your eligibility criteria. Some of the documents required are the voter’s ID for citizenship and age proof, Aadhar card, educational qualification certificate, hospital records showing a minimum of 40% disability, and documents related to previous educational loans. Once all these documents are obtained, a person can submit the application through a format using State Channelizing Agency.

TOLL FREE NO – 1800-11-4515 

(9:30 am to 5.30 pm) (Mon-Fri)

Business loans for a disabled person is definitely a helpful initiative taken by the government of India and it is a certain encouragement that many such people have stood to benefit from it largely and have a successful business of their own.

Read Also: What is Mudra Scheme?

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What our customers say

Convenient Business Loan

Running a small manufacturing unit means constantly managing working capital. I always check my CIBIL score on Paisabazaar app. I have taken the business loan twice from Paisabazaar, have already paid once and am going to close the second loan soon. Very convenient for me and transparent as well.

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Param SinghAug 7, 2026

Easy Credit Score Tracking

As a small business owner, I know that maintaining a healthy credit profile is important before applying for a business loan. This Paisabazaar app helped me stay updated with my credit score and get the business loan at just 13%. All in all a very useful app for entrepreneurs as well.

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Manoj KumarAug 3, 2026

Business loan complex hotta h

Business loan thoda complex lagta h muhje, lekin Paisabazaar pe team ne sab steps simple bana diya muhje ache se support kiya. Thank you.

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Meher SinghJan 22, 2026

Hassle-free Business Loan

I would like to take a moment to sincerely appreciate Rohit Kumar's (EW25946) continuous support and clear communication. Your timely responses, cooperation, and willingness to help have made a significant difference and contributed greatly to smooth coordination and successful outcomes. Your professionalism and positive approach are truly commendable, and it has been a pleasure working with you. Thank you for your dedication and for maintaining such effective communication throughout.

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MD Gausar AlamJan 20, 2026

Business loan liya tha, interest acha mila

Muhje darr tha ki interest rate kahi lenders jda na charge krle, phir paisabazaar pe sahi interest rate milla. Mera credit profile dekh ke or bhi bht saare factors consider karke interest rate milla.

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Mai online loans ke baare mai jada nhi janta, mere chacha ne bataya tha ki Paisabazaar se loan acha milta hai. Try kiya or asli mai bohot acha experience tha.

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Boutique ke liye small loan liya tha

Boutique ke liye small loan liya tha. Small entrepreneurs ke liye bht important hota hai sahi jagah se loan lena. Paiabazaar ki team bohot helpful hai.

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Vanni KumariJan 13, 2026

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Paisabazaar se business loan lo toh pata rehta h ki kaha loan approval ke chances jada hai. Isse thoda tension kam jata h rejection ka. Acha feature hai.

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Business loan thoda confusing hota h. Advisors ne sahi guide kiya. Thanks you.

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I take business loan from Paisabazaar two months before. very nice experience. No jhamela, only good work done. Thank you

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