Loan — you can apply yourself
State Government Sponsored Term Loan Scheme
This scheme includes the following sub-categories.
The essentials
- Delivered with
- The Government of Maharashtra — 90% of the loan from the State, 10% from the beneficiary.
- Documents and procedure
- The source itself states that this scheme uses the same documents, evaluation-committee process and implementation as the NSTFDC scheme.
Interest and repayment
- Interest rate
- Loans up to ₹5.00 lakh carry 6% simple interest; loans above ₹5.00 lakh up to ₹15.00 lakh carry 8% simple interest.
- Repayment
- The loan is repaid over 5 years, in 20 quarterly instalments.
How much you can borrow
- Agriculture and allied businessSub-scheme 1
- ₹5 lakh
- Hotel / dhaba businessSub-scheme 2
- ₹5 lakh
- Workshop / spare partsSub-scheme 3
- ₹5 lakh
- Vehicle businessSub-scheme 4
- ₹10 lakh
- Vehicle business (larger vehicle)Sub-scheme 5
- Above ₹10 lakh, up to ₹15 lakh
- Small industry businessSub-scheme 6
- ₹3 lakh
- Auto rickshaw / goods rickshawSub-scheme 7
- ₹3 lakh
Where the money comes from
- State Government loan share
- 90%
- Beneficiary's personal contribution
- 10%
Quick check — are you eligible?
- CommunityA caste certificate from the Tehsil or Sub-Divisional (Prant) office is required.
- Scheduled Tribe
- AgeFor all schemes. Proof — school-leaving certificate.
- 18 to 45 years
- Annual family incomeThe same limit applies in rural and urban areas. Proof — income certificate from the Tehsil office.
- Up to ₹3,00,000
- Your own contributionLoans above ₹5.00 lakh additionally require one competent guarantor.
- 5%
These conditions come from the NSTFDC eligibility and document list. This State scheme’s own text states that its documents and procedure are the same as the NSTFDC scheme’s.
The full eligibility and document list
- The documentation, evaluation-committee process, and implementation procedure for this scheme are the same as for the NSTFDC, New Delhi sponsored loan scheme.
Show the full document list that applies (18 points)
- The applicant must belong to a Scheduled Tribe community.
- The applicant's annual family income limit, for both rural and urban areas, is ₹3,00,000.
- The applicant's age must be between 18 and 45 years for all schemes.
- No personal contribution (margin money) is expected under the Women's Empowerment scheme. For the caste-certificate requirement, the certificate of the woman's husband or of her children is also acceptable.
- Simple interest is charged on the Women's Empowerment loan at a low rate of 4% per annum.
- Caste certificate from the Tehsil or Sub-Divisional (Prant) office (Scheduled Tribe only)
- School-leaving certificate (as proof of age 18 to 45)
- Income certificate from the Tehsil office (must be within ₹3,00,000 for both rural and urban areas)
- A self-declaration for Gram Panchayat areas, or a licence under the Shops Act for Municipal Council areas
- A brief business project report, prepared with the branch manager personally guiding the applicant
- Price quotations for all equipment/material the business needs
- Photocopy of ration card
- Aadhaar card
- Photocopy of PAN card, if held
- Three passport-size photographs
- For a vehicle-based business, documents required under prevailing law from the Regional Transport Office (RTO)
- A 5% contribution payable as your own share
- For loans above ₹5.00 lakh, one competent guarantor must be provided
Gaps and inconsistencies in the source
Source error: the financial breakdown is numbered "i)" then straight to "iii)" — item "ii)" is missing in the original, for all three State-sponsored schemes. Whether a row (e.g. a separate corporation share) was dropped, or this is simply a numbering error, cannot be determined.
Rate conflict: this scheme states 8% for ₹5–15 lakh, while NSTFDC's hidden block gives a different slab — 8% for ₹5–10 lakh and 10% above ₹10 lakh. These are two different scheme families and their rates must not be merged.
What happens after you apply
1. Register
Register on the loan portal using your mobile number.
2. Apply and upload documents
Complete the application and upload the required documents.
3. Branch verification
The branch office in your district checks the application and documents.
4. Approval
The loan committee and head office approve the application.
5. Disbursement
The approved amount is credited directly to your bank account.
Where to apply
Applications are made on the online loan portal. Documents are verified at the branch office in your district, so it helps to speak to them before you apply.
Information source: state_sponsored_loan_schemes.pdf — from the corporation’s previous website.