National Handicapped Finance and Development Corporation provides loans for disabled to assist them in education, livelihood and empowerment etc.
Some of the schemes provided by them are:
- For setting up small business in Service / Trading sector: Loan up to Rs. 3.0 lakh for sales / trading activity Rs. 5.0 lakh for service sector activity
- For purchase of vehicle including auto rikshaw for commercial hiring: Loan upto Rs. 10 lakh.
- For setting up small industrial unit: Loan upto Rs. 25 lakh. Loan assistance is provided to disabled persons for manufacturing, fabrication and production.
- For Agricultural activities: Loan upto Rs. 10 lakh Loan assistance is provided to disabled persons for agricultural production, irrigation, horticulture, sericulture, purchase of agricultural machinery / equipment for agricultural services, marketing of agricultural products etc.
- For self-employment amongst persons with mental retardation, cerebral palsy and autism: Loan upto Rs. 5 lakh, In such cases, the financial assistance is extended through parents or spouse or legal guardian of the dependant mentally disabled person.
- Loan for Professional / Educational / Training courses: Loan upto Rs. 7.50 lakh for studies in India and upto Rs. 15 lakh for studies abroad.
Micro Credit Scheme by State Channelising Agencies implemented through NGOs: – Loan upto Rs 5 lakh for each NGO and Rs. 25,000/- for each beneficiary.
Parents’ Association of mentally retarded persons: Loan upto Rs. 5 lakh
Financial Assistance for Skills & Entrepreneurial Development :In the form of grant to channelising agencies/reputed training institutions for imparting skills and entrepreneurial development training to disabled persons)
Eligibility Criteria:
- Any Indian Citizen with 40% or more disability.
- Age between 18 and 60 years.
- Annual income below Rs.5,00,000/- (Rupees Five Lakh only) per annum for urban areas and Rs.3,00,000/- (Rupees Three Lakh only) per annum for rural areas.
- Relevant educational / technical / vocational qualification / experience and background.