SC Corporation Loans Telangana 2018 for Education and Cars, SC Corporation Loans Hyderabad, Warangal, Adilabad, karimnagar, khammam, Mahboobnagar, Medak,Nalgonda, Nizamabad, Ranga Reddy Districts.
The Telangana Scheduled Castes Cooperative Finance Corporation was set up in the year 1974 with a view to take up programmes for the Economic Development of Scheduled Caste families in the State.
The Corporation is registered under the AP Cooperative Societies Act 1964 with a share holding pattern of 51:49 ratio between the State Government and Government of India respectively.
SC Corporation Loans Telangana 2018
The Deputy CM Kadiam Srihari announced that the subsidy for loans to Scheduled Castes has increased to Rs. 5 lakhs. For those who have taken Rs. 1 lakh through the SC Corporation, will get 80 per cent subsidy on loans.
Similarly, the subsidy rate has been hiked for all categories of loans, he announced. The government is focussing on schemes that are most beneficial for the SCs, he said.
SC Corporation Schemes in Telangana
|Name of the Scheme||SES Category – I, Category – II & Category – III|
|Residency||Residents of Hyderabad District only|
|No. of Members||for Individual|
|Annual Income limit||upto Rs. 75,000/- per annum|
|Caste||for SCs only|
|Age limit||Between 21 Years to 45 Years|
|Gender||for both Male & Female|
|Educational Qualifications||Not required|
|Subsidy limit||60% of the Unit cost not exceeding Rs. 1,00,000/-|
|Margin Money||– Nil –|
|Beneficiary contribution||– Nil –|
|Bank loan||40% or balance cost of the Unit|
|Unit Cost||Rs. 1,00,000/-|
|Filled in Application form – 2 Sets|