DIFFERENTIAL RATE OF INTEREST SCHEME

Objective

Credit support to Poorest of the poor and to bring them above Poverty Line

Eligibility

  1. Individuals whose annual family income does not exceed Rs 30,000/- in Rural areas & Rs 60,000 in urban & semi-urban areas.
  2. Individual whose land holding does not exceed 1 Acre of irrigated and 2.5 Acres of un-irrigated land.

Age

Minimum 21 years ; Maximum: 65 years

Maximum Quantum of loan

  1. Rs 30,000 for house loan purposes. 
  2. Rs 20000 for other purposes.

Margin

NIL

Interest Rate 

4.00% per annum (Simple Interest)

Useful Links

RBI NABARD IBA BCSBI NPCI Rupay