Service
Financial Assistance for ST ,SC & OBC
Government Scheme run by Ministry of Social Justice and Empowermentc. Open pan-India.
About this Service
Growthora provides comprehensive solutions for Financial Assistance for ST ,SC & OBC. We ensure full compliance and seamless execution so you can focus on growing your business.
Key Benefits
- Loan INR 10 Lakh to ₹ 5 Cr. for SC ST Entrepreneurs Funding Scheme
- Interest Rate: 4% p.a. (3.75% for women/Divyang ST entrepreneurs)
- Funding Support: Up to 75% of project cost for ST
- Promoter Contribution: Minimum 25% (can include govt subsidy/bank loan) FOR ST
- If other funding available: Promoter must contribute at least 15% For ST
- for SC(ROI: 4%, For women and Divyang: 3.75%
- Loan INR 20 Lakh to ₹ 15 Cr. for OBC
- for OBC(ROI: 6%, For women and Divyang: 5.75%)
Eligibility Criteria
- The company age should be more than 1 year.
- Only PrivatePublic Limited Companies having CIN number.
- A new company that is a successor entity of a Business entity (Proprietary Firm / Partnership Firm / One Person Company (OPC) / Limited Liability Partnership (LLP) / any other establishment incorporated under any law in force) meeting the above criteria with sound business model.
- A maximum of 20% working capital is allowed out of the total financial assistance.
Documents Required
Basic KYC, business registration certificates, and project reports if applicable.
Frequently Asked Questions
What is the timeline for Financial Assistance for ST ,SC & OBC?
The standard timeline depends on government processing, typically ranging from a few days to a few weeks.
What documents are required?
Standard KYC documents (Aadhaar, PAN, Address Proof) and business entity documents are required.
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Financial Assistance for ST ,SC & OBC
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