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Business Loans for Disabled People

Everybody shares equal rights and nobody is left out when it comes to getting government help and resources. In a quest to help out the disabled or differently-abled person to start their own business there are various offers available for business loan schemes. When starting a personal business you require adequate capital investment for smooth operations. Therefore, the need for business loans for disabled arises in making their dreams come true of running their own enterprise. The government introduced a corporation known as ‘The National Handicapped Finance and Development Corporation’ (NHFDC). They provide business loans for a disabled person to carry out various business-related activities. This loan helps ensure your disability is no longer an impediment to achieving your entrepreneurial goals.

NHFDC’s Loan Schemes for Physically Handicapped Persons

NHFDC or National Handicapped Finance and Development Corporation is offering a wide range of security-free low-interest business loans for the education and empowerment of individuals with physical disabilities. Their main target is to open up self-employment opportunities for such individuals by offering small business loans for disabled to set up their own business. Here are the various loan schemes offered by this organisation:

Schemes Offered by NHFDC for Physically Handicapped People

Type of Scheme


Annualized Rate of Interest

Loan Amount

Vocational education and training for people with disabilities

Fund professional courses offered through recognized Indian and international institutions


Up to Rs. 20 lakh

Scheme for financial assistance for skill & entrepreneurial development.

Technical training offered to disable individuals to make them self-reliant



Financing for construction of commercial/business premises to start self-employment activities

To set up a small business unit, purchase a vehicle for commercial use, purchase machines for agricultural activities, and more


Up to Rs. 25 lakh

Financing assistive devices to increase self-employment opportunities for persons with disability

For developing income-generating activities

Up to 5%

Rs. 10 lakh

Scheme for young professionals

To provide financial assistance to educated youth who are unemployed


Up to Rs. 25 lakh

Micro Financing Schemes for the Physically-Disabled Persons

  • Vocational education and training for PwDs.

  • Scheme for financial assistance for skill & entrepreneurial development. 

  • Financing for construction of commercial/business premises to start self-employment activity to PwDs.

  • Financing assistive devices to increase the opportunity of self-employment of persons with disability.

  • Scheme for young professionals.

Eligibility Criteria for Disabled Person

There are a few criteria that needs to be fulfilled by the applicant in order to be eligible for the business loan for disabled person:

  • You need to be an Indian citizen to be eligible

  • The applicant needs to be above 18 years of age.

  • Minimum 40% disability

  • Must have a professional degree from an educational organization

  • The business should be associated with your educational degree

  • The business, you want to work with the help of loan, must be a legal one with approval from CGS

  • If a person under NHFDC has already applied for an educational loan, he or she can still go for a business loan, however the combined amount should not exceed 25 lakhs

  • Preference is given to women beneficiaries

  • You must be a part of Thrift and Credit Group (Self Help Group)

Types of Business Loans under NHFDC

Any business that seems to be viable economically and is capable of generating enough income to sustain the individual or a family. Few operational schemes are as follows:

  • Self-employment Loan

  • Micro Credit Scheme

  • Educational Loan Scheme

  • Purchase of Assistive Devices scheme

Loan Amount offered Under the NHFDC Schemes

The maximum loan amount offered by NHFDC for the upliftment of disabled or differently abled individuals are as follows:

  • To establish a small business in the Service or Trading sector a loan amount of up to Rs.3 lakh is offered. (In case of transport activity, loan amount of up to Rs.5 lakh is sanctioned)

  • In order to set up a small industrial unit, a loan amount of Rs.5 lakh is offered.

  • For providing education or professional training to the disabled individuals, up to Rs.10 lakh amount is provided. (For studying in India it is Rs.10 lakh and for studying abroad it is Rs.20 lakh).

  • To finance agricultural activities, loans of up to Rs.5 lakh are offered.

  • Persons with cerebral palsy, mental retardation and autism are offered loan amounts of up to Rs.3 lakh for self-employment purposes.

Loan Repayment Tenure for NHFDC

The tenure for the repayment of the loan is long term, giving the borrower enough time to earn the capital back and repay as per their convenience. The minimum loan repayment tenure is 3 years and maximum offered is up to 10 years under various schemes for disabled or differently-abled people. The moratorium period is also included under the loan tenure.

Apply for a Business Loan from NHFDC

When applying for a business loan from NHFDC you need to get the approval for the appropriate agencies. It is good to have all the documents handy. The documents required are identity proof such as voter’s ID for citizenship and age proof, Aadhar card, educational qualification certificate, hospital records that proves the individual has a minimum of 40% disability. Also, other documents related to previous educational loans need to be provided. Once all these documents are obtained, the applicant can submit the application through a format using the State Channelizing Agency.

Business loans for disabled people is definitely a helpful initiative taken by the government of India. The main idea is to provide the necessary financial help to such individuals so that they can live their life with dignity without being dependent on others financially. These loans are very easy to avail with minimal paperwork and effort. To avail business loans at attractive interest rates you can apply for Bajaj Finserv Business Loan to finance various business operations, such as an expansion of your business, acquisition of other companies, buying high-value and getting new machinery or equipment, etc. At Finserv MARKETS, you can apply for a Bajaj Finance Personal Loan of up to Rs. 30 Lakhs.