The Bank Loan Processing Fee Reimbursement Scheme comes under the purview of the Ministry of Micro, Small and Medium Enterprises (MSME) of the Government of India.
The Bank Loan Processing Fee Reimbursement Scheme comes under the purview of the Ministry of Micro, Small and Medium Enterprises (MSME) of the Government of India.
The "Bank Loan Processing Fee Reimbursement Scheme" is implemented by the Ministry of Micro, Small, and Medium Enterprises under the National SC-ST Hub programme. It provides financial support to SC/ST Micro and Small Enterprises by reimbursing a major portion of bank loan processing fees charged by financial institutions. The scheme covers both fund-based and non-fund-based loans. It reduces the initial financial burden on entrepreneurs and improves their access to institutional credit. The initiative promotes inclusive growth and supports the development of SC/ST-owned businesses.
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Processing Fee Reimbursement: Up to 80% of the processing fee or ₹1,00,000/- (excluding GST and taxes), whichever is lower.
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Step 1: Online — Step 1
The applicant must visit the official portal of the National SC-ST Hub.
Step 2: Online — Step 2
The applicant must click on the "Scheme name" and then click on “Sign Up” and register using basic details such as name, email ID, and mobile number.
Step 3: Online — Step 3
The applicant must create a password and complete the registration process.
Step 4: Online — Step 4
The applicant must log in using the registered credentials.
Step 5: Online — Step 5
The applicant must fill in the required details and submit the application online. <br>
The Bank Loan Processing Fee Reimbursement Scheme comes under the purview of the Ministry of Micro, Small and Medium Enterprises (MSME) of the Government of India.
The assistance under this scheme for reimbursement of Bank Loan Processing Fee is limited to 80% of the fee or Rs. 1,00,000 (excluding GST and other applicable taxes) whichever is less. The benefits under the scheme can be availed only after disbursement of business loans in a financial year.
1. Applicant should belong to the Scheduled Caste / Scheduled Tribe category. 2. He/she should represent/own any MSEs unit. 3. MSEs availing loans from any Scheduled Commercial Banks, Non-Banking Finance Companies (NBFCs), and State Finance Corporations will be considered under the scheme.
No. The benefits can be availed multiple times in a financial year by SC/ST MSEs, but the financial assistance shall be restricted to the ceiling which is Rs. 1,00,000 (excluding GST and other applicable taxes)
SC/ST MSEs who avail loans from any Scheduled Commercial Banks, Non-Banking Finance Companies (NBFCs) and State Finance Corporations may be considered under the Scheme where loan processing fee is charged by such banks/NBFCs/State Finance Corporations.
No. The benefits can be availed multiple times in a financial year by SC/ST MSEs, but the financial assistance shall be restricted to the ceiling which is Rs. 1,00,000 (excluding GST and other applicable taxes).
SC/ST MSEs who avail loans from any Scheduled Commercial Banks, Non-Banking Finance Companies (NBFCs) and State Finance Corporations may be considered under the Scheme where loan processing fee is charged by such banks/NBFCs/State Finance Corporations.
You may apply online on National SC-ST website www.scsthub.in or visit the nearest CSC-VLEs to apply online.
Clubbing this scheme with any other scheme is not permitted. Any SC-ST MSE availing reimbursement under this scheme can not avail reimbursement of bank loan processing fees, from any other scheme of government or private agencies.
Applications are accepted only on the official government portal.
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