Green Business Scheme

Updated: 16-12-2022 11:06:31 AM

Green Business Scheme is an initiative by National Scheduled Castes and Development Corporation (NSFDC) which provides financial assistance for tasks and techniques that can tackle the climatic change with scope of income generation.

Green Business Scheme Details

Green Business Scheme – Business Loan – Interest Rate
Scheme	Unit Cost	Maximum Loan Limit up to 90% of unit Cost	Interest Rate (per annum)
Green Business Scheme	Unit Cost	Maximum Loan Limit up to 90% of unit Cost	SCA/CA	Beneficiary
	Upto Rs. 7.50 Lakh	Rs. 6.75 lakh	2%	4%
	Above Rs. 7.50 lakh & upto Rs. 15.00 lakh	Rs. 13.50 lakh	3%	6%
	Above Rs. 15.00 lakh & upto Rs. 30.00 lakh	Rs. 27.00 lakh	4%	7%
Repayment Tenure	Maximum 10 years, including 6 months of moratorium period

Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the corporation and RBI. GST and service tax shall be levied extra on the mentioned charges.

Also Read: How to get a loan to start a business from the government

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Eligibility Criteria, Loan Amount & Usage of GBS

Applicant should belong to any Schedule Caste
Annual income of the applicant should be up to Rs. 3 lakh
Applicant can be from rural or urban areas
Should be an Indian citizen

Loan Amount

The maximum loan amount that can be availed under this scheme is up to Rs. 30 lakh. However, NSFDC provides loan up to 90% of the unit cost.

Usage of loan

Loan Amount availed under this scheme can be used for the purchase of battery electric vehicles (e-rickshaws), compressed air vehicles, solar energy gadgets and poly houses.

FAQs on Green Business Scheme

Q1. What is the interest rate offered by Green Business Scheme?

The interest rate offered by Green Business Scheme is as low as 2% per annum, only for people falling under Scheduled Castes.

Q2. What is the loan amount offered under GBS?

The maximum loan amount offered is up to Rs. 30 lakh.

Q3. What is the repayment tenure of the loan amount?

The repayment tenure of the loan amount is 10 years, including 6 months of moratorium period.

Q4. For what all purposes the loan amount can be availed?

The loan amount can be availed for purchasing electric and compressed air vehicles, poly houses and solar energy products.

Q5. What is the objective of the Green Business Scheme?

Ans. The primary objective of the Green Business Scheme is to provide funding support for activities which can manage climate change side by side helps in income generation.

Q6. What are the activities for which a loan under the Green Business Scheme is provided?

Ans. The activities or products that are covered under Green Business Scheme include the following: