What is the upper limit of loans provided via State Channelising Agencies (SCA) to the disabled persons for setting up of small industrial units under the National Handicapped Finance and Development Corporation?
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10 lakh
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25 lakh
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30 lakh
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50 lakh
B
Correct answer
Explanation
The National Handicapped Finance and Development Corporation (NHFDC) has been set up by the Ministry of Social Justice and Empowerment, Government of India on 24th January, 1997. NHFDC functions as an apex institution for channelising the funds to persons with disabilities through the State Channelising Agencies (SCAs) nominated by the State Government.
Loan assistance is provided to disabled persons for manufacturing, fabrication and production. The disabled person will be the owner/chief executive of the company and will employ at least 15% disabled persons. A maximum loan of 25 lakh is provided for the same.