nhfdc.nic.in : Schemes for Parent’s Association of Mentally Retarded Persons

Organization : National Handicapped Finance and Development Corporation (NHFDC)
Service Name : Schemes for Parent’s Association of Mentally Retarded Persons

Website : nhfdc [dot] nic [dot] in

Schemes for Mentally Retarded Persons:

Purpose :
Purpose of the scheme is to provide loan to parents associations of mentally retarded persons to set up an income generating activity for the benefit of the mentally retarded persons.

Related : NHFDC Scheme For Disabled Young Professional : www.statusin.in/20171.html

Eligibility :
a) The parents association should be registered for at least 3 years.
b) It should have a minimum membership of 05 parents.
c) It should not be a financial defaulter of central government, state government, any financial institution in the public sector, banks etc.

Quantum of Loan :
Quantum of loan to each Parents Association is limited to Rs. 5.00 lakh. The share of the Parents Association will be 5% of the project cost. The loan will be used by the Parents Association to implement a single or multiple activity project in which the maximum possible participation of the beneficiaries may be ensured.

Rate of Interest :
The interest on the loan amount will be charged as per following table-
i) Upto Rs. 50,000/- – 5% p.a.
ii) Above Rs. 50,000/- and upto Rs. 5.0 lakh. – 6% p.a.

Rebate:
A rebate of 1% p.a. on interest for disabled woman.

Repayment Period :
The loan amount including interest will be repaid within 10 years in equal quarterly installments.

Procedure for Obtaining Loan :
The loan application under the scheme will be submitted to National Handicapped Finance and Development Corporation directly by the Parents Association.

FAQs :
What type of facilities is provided to beneficiaries after skill training?
Placement assistance is provided to the beneficiaries after skill training by the respective Training Institution. Also trainees who would like to setup their own ventures, they may apply for the concessional loan under NHFDC scheme.

What is the procedure to get skill training programmes through NHFDC?
The detailed form for empanelment of skill training partner is available on NHFDC website throughout the year.

What is the trainee eligibility under the scheme?
The beneficiaries should be in the age group of 15-50 years and fulfill the other eligibility criteria for availing loan from NHFDC.

What is the duration of skill training?
The duration of skill training is up to 12 months.
Whether NHFDC have skill training centers.
NHFDC has two skill training centers at Faridabad (Haryana) and Ujjain (M.P.).

Does NHFDC have any scheme for providing loan to pursue Vocational courses?
Yes, NHFDC has a Vocational Education and Training Loan Scheme to provide loan upto Rs. 2.0 lakh to PwDs for pursuing vocational education and training courses.

About Us :
The National Handicapped Finance and Development Corporation (NHFDC) has been set up by the Ministry of Social Justice & Empowerment, Government of India on 24th January 1997.

The company is registered under Section 25 of the Companies Act, 1956 as a Company not for profit. It is wholly owned by Government of India and has an authorised share capital of Rs. 400 crores (Rupees Four Hundred Crore only). The company is managed by Board of Directors nominated by Government of India.