To promote the socio-economic empowerment of the Scheduled Caste (SC) population, the government provides concessional financial assistance and educational loans. Beneficiaries with an annual family income of up to ?5.00 Lakhs are eligible for various tailored financial products covering up to 90% of their project or education costs at highly concessional interest rates (typically 6.5% to 8% per annum). However, direct loan applications are not entertained. Instead, funds are routed through a 'C
• Background To promote the socio-economic empowerment of the Scheduled Caste (SC) population, the government provides concessional financial assistance and educational loans.
Beneficiaries with an annual family income of up to ?5.00 Lakhs are eligible for various tailored financial products covering up to 90% of their project or education costs at highly concessional... However, direct loan applications are not entertained Instead, funds are routed through a 'C
• Background To promote the socio-economic empowerment of the Scheduled Caste (SC) population, the government provides concessional financial assistance and educational loans. Beneficiaries with an annual family income of up to ?5.00 Lakhs are eligible for various tailored financial products covering up to 90% of their project or education costs at highly concessional interest rates (typically 6.5% to 8% per annum). However, direct loan applications are not entertained. Instead, funds are routed through a 'Channel Finance System' comprising over 100 Channel Partners, including State Channelizing Agencies (SCAs), Public Sector Banks (PSBs), Regional Rural Banks (RRBs), and NBFC-MFIs. • Challenge Citizens often lack awareness regarding which specific credit scheme fits their needs-such as di