Micro Finance Loan Scheme Loan limit - 2,00,000 (per group) Self contribution - 5%, Loan from NMDFC - 90% Loan from MAMFDC - 5% Interest @ 7% p.a. Repayment period - Next 3 years.
Eligibility 1. The beneficiary should be 75% from the minorities community i.e. Muslim, Sikh, Christians, Parsi, Buddhist and Jain and 25% Others. or 100% Minorities community. 2. The beneficiary should be resident of State of Maharashtra. 3. Beneficiary should be literate 4. Age limit for business loan : minimum 18 years. 6. Family annual Income Urban Area - upto Rs. 1,03,000/- Rural Area - upto Rs. 81,000/-
Required Document of Applicant · Color Passport Size Photo of all beneficiary. · Group Photo of all Self Help Group Members · Photo ID Proof (Election Card / Pan card / Passport / Adhaar Card / Driving License ) of all beneficiary. · Residential proof (Election Card/ Passport / Driving License / Domicile Certificate / Electricity Bill) of all beneficiary. · Income Certificate (issued by Tahseeldar / Collector ) Photo of all beneficiary · Xerox Copy of Bank Passbook of Self Help Group.
Process For apply education loan please visit to our website www.mamfdc.org, click on Maulana Azad Direct Loan From link and follow the instruction.
Incomplete Application Form will not be Considered.