Terms of Service & Concessional Lending Guidelines

Please review the statutory terms governing the SchemeSetu platform. By accessing or utilizing our scheme matching engine, EMI simulators, and pre-screened application routing desk, you agree to comply with the rules established under the Ministry of Social Justice and Empowerment (MoSJE).

Zero Intermediary Fee Guarantee (Bhrashtachar Mukt Bharat)

SchemeSetu and the Ministry of Social Justice & Empowerment charge zero fees for application pre-screening, eligibility evaluations, or channel partner routing. Never pay any fee or commission to unauthorized third-party agents or intermediaries claiming to guarantee loan sanctions.

Table of Contents

Key Affirmative Invariants

Statutory Interest: 4.0% to 8.0% p.a.
Annual Income Cap: ₹5.00 Lakhs / yr
Project Coverage: Up to 90% Costs
Gestation Grace: 3 to 12 Months

1. Beneficiary Eligibility Invariants

Concessional assistance provided under NSFDC schemes (including Mahila Samriddhi Yojana, Micro Credit Finance, and Term Loan Scheme) is governed by statutory socio-economic criteria:

Target Group Mandate: Applicants must belong to the Scheduled Caste (SC) community or designated affirmative action categories (such as Safai Karamcharis / manual scavengers and their dependents).
Annual Family Income Ceiling: Certified family annual income must not exceed ₹5.00 Lakhs per annum across both rural and urban domains.
Age Eligibility: Beneficiaries must be between 18 and 50 years of age on the date of formal loan sanction.

2. Channel Partner Lending Mechanism

Applicants acknowledge that MoSJE and NSFDC operate as Apex refinancing institutions. Concessional loans are not disbursed directly from government headquarters. All applications pre-screened on SchemeSetu are routed to:

State Channelising Agencies (SCAs) in your respective state or union territory.
Accredited Public Sector Commercial Banks (PSBs) like SBI, PNB, and Canara Bank.
Designated Regional Rural Banks (RRBs) servicing agricultural and semi-urban territories.
Accredited Non-Banking Financial Company Microfinance Institutions (NBFC-MFIs).

3. Nature of Pre-Screening & Final Sanction Authority

Generation of a Pre-Screened Application Slip confirms programmatic eligibility based on the applicant's self-declared parameters. Final credit sanction, margin verification, and disbursement remain the statutory prerogative of the designated Channel Partner bank after physical verification of original caste certificates, income certificates, Aadhaar identity, and project proposals.

4. Applicant Obligations & Misrepresentation

Any willful misstatement, fraudulent caste certificate submission, artificial deflation of declared income, or diversion of concessional funds to unauthorized speculative activities will result in immediate disqualification, cancellation of interest subsidies, recovery proceedings under Public Demands Recovery Acts, and appropriate criminal prosecution.

5. Jurisdiction & Governing Law

These terms are governed by the laws of the Republic of India. Any legal dispute, claim, or proceeding arising under or in connection with SchemeSetu shall be subject to the exclusive jurisdiction of the competent courts of New Delhi, India.