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 | 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:
- Battery electric vehicles
- Compressed air vehicles
- Solar energy gadgets
- Poly houses
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