Department: Madrasah Education
Subject:
WEST BENGAL MINORITIES DEVELOPMENT & FINANCE CORPORATION
(A Statutory Corporation of Govt. Of West Bengal)
An ISO: 9001-2008 Certified Organisation
APPLICATION PROCEDURE FOR TERM LOAN
West Bengal Minorities Development & Finance Corporation invites application in the prescribed form for Term Loan upto Rs. 1,00,000/- ( Rupees. One Lakh) only for persons belonging to the notified Minority Communities i.e. Muslim/ Christian/ Buddhist/ Sikh and Parsee for their economic upliftment.
The applications may be Submitted round the year at the following places :
- (i) B.D.O Office: In case of rural area
- (ii) SDO office: In case of municipal area other than KMC.
- (iii) For Kolkata District: AMBER, DD-27/E, Sector-I, (1st Floor), Kolkata – 700 064
The application form are available at the above mentioned places and also at our website: www.wbmdfc.org
Eligibility Criteria for Loan Application
- (i) Applicant must be a permanent resident of the area.
- (ii) He /She must belong to the notified Minority Communities i.e. Muslim/ Christian/ Buddhist/ Sikh/ Parsee/ Jain.
- (iii) Applicant’s annual family income must be below Rs. 81,000/- (Eighty one thousand) only for Rural areas and Rs. 1,03,000/- (One Lakh three thousand) only for Urban Areas.
- (iv) Guarantor is to be provided as fellow:
- (a) For Loan upto from Rs. 25000 to Rs. 50000 – by a Tax Payee or Professionally qualified person (e.g. Doctor, Engineer etc.) (age limit 60 years)
- (b) For Loan above Rs. 50,000 – by a Govt./ Semi Govt. Employee/ Teacher/ A Good Beneficiary of WBMDFC. (age limit 60 years)
- (v) The applicant must have knowledge & experience in respect of the business for which they are Applying.
- (vi) The applicant must not be a loanee/ Defaulter in respect of loan taken from any Bank/ Financial Institution.
- (vii) Applicant must be between 18 to 50 year of age as on 1st January of the year in which they are applying for the loan.
Term loan above Rs. 1 Lakh and up to Rs. 5 Lakh must accompany the following documents.
- (1) Trade Licence for at least 3 (three) years.
- (2) Audited account for at least 3 (three) years.
- (3) Project report duly verified by DIC.
- (4) Bank Statement for at least 3 (three) years.
- (5) Small Scale Industry Registration in case of production unit.
- (6) Proof of Business/ Business places and any other document to prove the soundness identity from/ soundness of the Loanee in this respect.
- (7) Any other document which may be required to prove the identity, residence.
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