How to Apply for NSFDC SC Term Loan Scheme — Up to ₹47.5L, Rolling Applications

Every proposal passes through two levels of appraisal before money moves.

• Scrutiny at district level: applications submitted to the district offices of State Channelising Agencies are examined first.
• Viability appraisal by the SCA: the agency's head office assesses whether the project is viable and, if it is, forwards it with a recommendation to NSFDC. Applications that come in through Regional Rural Banks, Public Sector Banks or NBFC-MFIs go through a comparable appraisal.
• Appraisal at NSFDC: the corporation's Project and Banking Desk examines the proposal and prepares an appraisal report.
• Project Clearance Committee: that report goes to the PCC, which gives its concurrence.
• Sanction and Letter of Intent: proposals found in order are recommended for sanction, and an LOI setting out the terms and conditions is issued to the SCA, RRB or bank.
• Disbursement: once the LOI is accepted and prudential norms are met, NSFDC releases funds to the agency or bank, which passes them on to the beneficiary.
• Repayment: the borrower repays the loan on the schedule stipulated by the channelising agency.