Green Business Scheme For Entrepreneurs: Features And Financial Support

The National Safai Karamcharis Finance and Development Corporation (NSFDC) launched a scheme called the Green Finance Scheme, especially for the underrepresented and stereotyped professions of India. i.e., of Safai Karamcharis, Manual Scavengers, and their dependents. This scheme was introduced not only to empower and uplift the social status of the marginalised sanitation workers but also to encourage them in numerous ways to save their first home. i.e., the planet Earth.

This scheme is extremely special and unique as its focus areas are not only on people but on promoting sustainable practices as well, so that both the people and the planet can grow sustainably. Under the scheme, people are encouraged to set up small but green enterprises like waste management units, e-rickshaw services, biodegradable manufacturing units, and other such eco-friendly establishments.

The main purpose behind the launch of this scheme is extremely simple, and that is to support people from the marginalised professions of sanitation workers and help them turn their sacred work into monetary returns, so that they can live a fulfilled life while continuing their work of maintaining the cleanliness that our environment deserves.

Read the article to learn more about the Green Business in India scheme, which ranges from its objectives and benefits to eligibility and its application process.

What Is The Green Business Scheme?

The Green Business Loan Scheme is a scheme launched by the National Safai Karamcharis Finance and Development Corporation (NSFDC), specifically for people engaged in the profession of sanitation, such as Safai Karamcharis, Manual Scavengers, and their dependents. The primary aim of the scheme is to help create sustainable livelihoods by adopting environmentally friendly practices.

Through the Green business start-up grants scheme, beneficiaries can avail of several benefits, such as concessional loans, using which they can establish their own micro sustainable enterprises like waste management units, e-rickshaw services, biodegradable manufacturing units, etc. Along with financial aid, the scheme would provide other skill-building measures to the beneficiaries as well, so that they can work on growing their small yet green enterprises.

Benefits Of The Green Business Loan Scheme

The Operation Green scheme provides its beneficiaries with a range of benefits, some of which are laid down below in detailed points:

• One of the major benefits of the scheme is the facility of concessional loans. Beneficiaries can easily apply for loans given under this scheme and then use the funds to establish their own micro and green business units. The terms of the loans, like the rate of interest, period of repayment, are also extremely flexible and easy to meet so that the beneficiaries don’t feel burdened by it.

• As the scheme helps individuals set up their own micro and green business units, the source of income of the individuals registered under it automatically will increase, which will directly have a positive impact on their standard of living.

• People engaged in sanitation-related jobs are often exposed to toxins and chemicals, which makes them vulnerable to various illnesses and diseases, as they don’t have the required protective gear. The Operation Green scheme also helps in reducing the instances of such occupational hazards and improving the working conditions of sanitation workers.

• The govt scheme organises several skill development programs as well, so that proper training can be delivered to the beneficiaries. Using that training, they can effectively start their green business units with adequate knowledge and skills.

• The table below comprises the rate of interest given based on the amount of the loan withdrawn by the beneficiaries of the green business start-up grants scheme:

Read More: What Is Mission Mausam? The GOI New Initiative

How To Apply For The Green Business Loan Scheme?

Applicants can apply for the government scheme through both offline and online platforms, as per their preference and convenience. The process of application is mentioned below in a step-wise manner.

Online Process

Step 1: Please visit the official website of the scheme.

Step 2: Click on ‘How to apply’ and then click on the loan application form.

Step 3: Fill out the application form accurately.

Step 4: Upload the required documents, submit the form, and wait for approval.

Offline Process

Step 1: Please visit the District Office of the State Channelising Agencies (SCAs) of National Safai Karamcharis Finance and Development Corporation (NSFDC) or the branches of Regional Rural Banks (RRBs) or nationalised banks.

Step 2: Request an application form for the scheme and fill out the application form accurately.

Step 3: Attach the required documents, submit the form in the office itself, and wait for approval.

Conclusion

The Green Business Scheme by the National Safai Karamcharis Finance and Development Corporation is a great example of the government grants for eco-friendly businesses scheme. The scheme not only focuses on empowering people from stigmatised professions, such as sanitation, but also helps them generate more income while working to keep the environment clean and green.

The Operation Green scheme opens the doorway to several benefits that its beneficiaries can enjoy, such as the facility of concessional loans, skill development programs, and many others. This wide arena of benefits of the scheme ensures that those people who are engaged in the stereotyped profession of sanitation workers are not only appreciated with tangible resources like finance, but also with intangible values like respect.

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