Term Loan

Scheme Type:

Loan for small & medium buniness at 6% per annum interest.


To provide soft loan to individual minority youth for small & medium businesses to help them improving their economical status.

Quantum of Assistance:

Loan up to Rs. 5 lakhs.

Method of Implementation:
Eligibility Criteria:
  1. Age must be between 18 to 50 years.
  2. Annual family income for rural area must be within Rs. 98000/- and urban areas within Rs. 120000/- only. Guarantor required for Loan above Rs. 50000/-.
  3. Should not be a defaulter of loan from Bank/ Financial Institution.
When and Where to Apply:

The application may be submitted round the year. The application may be submitted at the local Block Development Office in case of rural areas and SDO office in case of urban areas. In case of Kolkata, it should be submitted at the District Office Minority Affairs at Minority Bhavan, 11/3 Dr. Biresh Guha Street, Park Circus, Kolkata-700017.

Nodal Organisation:
West Bengal Minorities Development & Finance Corporation