Organisation : APSMFC Andhra Pradesh State Minorities Finance Corporation Ltd
Scheme Name : Financial Assistance To Minorities Under Small Loan Scheme
Applicable For : Minorities
Applicable State : Andhra Pradesh
Website : http://www.apsmfc.com/
Scheme Details : https://www.scholarships.net.in/uploads/14020-loan.pdf
Apply Online : http://apobmms.cgg.gov.in/
Small Loan Financial Assistance :
To help poor Minorities who is in need of petty loans, Corporation proposed this scheme under which assistance up to Rs.20,000/- will be extended to an individual.
Related : APSMFC Subsidy For Bankable Scheme Financial Assistance : www.scholarships.net.in/14014.html
The object of this scheme is to overcome the hurdles in the ongoing schemes by focussed attention on target group in need of small loans.
Pattern of Finance:
Maximum Unit Cost Rs. 20,000/-
1. Corporation subsidy :: 75% (Max upto Rs.15,000/-)
2. Bank Loan :: 20% (Max upto Rs.4,000/-)
3. Beneficiary share :: 5% (Max upto Rs.1,000/-)
Eligibility For Assistance:
a. Beneficiary should belongs to Minority Community in the age group between 21-55 years.
b. The Annual income of the parent / Applicant should not exceed Rs.2,00,000/- in Urban areas and Rs. 1,50,000/- in Rural Areas.
c. A minimum of 33 1/3% women coverage be ensured of the total target for the District and Mandal level.
Preference shall be given to:
i) Candidates who were trained under any skill improvement Programme of the government or welfare corporations either in the current year or earlier.
ii) Beneficiaries who are availing the economic support schemes for the first time.
e) Only one economic support scheme shall be granted per family (as defined in the ration card.)
f) Beneficiaries availed financial support under any economic support scheme 3 years prior to the year 2014-15 shall not be eligible under this scheme.
How To Apply:
a) All the Minority applicants desired to avail financial assistance shall apply through online beneficiary monitoring system (OBMMS) only to ensure transparency and accountability.
b) After registration of application through (OBMMS) the online registered application Hard copy shall be obtained.
c) The Hard copy of application shall be submitted to the MPDO/ Municipal Commissioner (Municipality) /Zonal Commissioner (in case of Municipal Corporation) along with the following Enclosures.
Enclosures:
i) Income Certificate issued by Tahasildar.
ii) Photostat copy of Ration Card.
iii) Photostat copy of Aadhar Card.
iv) One Pass port size photo.
Other issues:
a) Selection of beneficiaries shall be completed during joint identification camps/exclusive identification camps for Minorities.
b) All applications shall be registered through the online beneficiary monitoring system (OBMMS) only.
The above guidelines for implementing Small loan Scheme shall be adhered without any deviation within the budget provision allocated to the District.