(i) The scheme was introduced in 1972 and is implemented by all India Schedule Commercial Banks.
(ii) To provide bank finance at a concessional rate of interest of 4% p.a. to the weaker sections of the society for engaging in productive and gainful activities so that they could improve their economic conditions.
(iii) The loans granted under the DRI scheme should not be less than 1% of the bank's total advances.
(iv) The income ceiling for eligibility is annual income of Rs. 72000 per family in urban or semi-urban areas and Rs. 64000 per family in rural areas.
(v) Maximum assistance per beneficiary is fixed at Rs. 6500 for productive purposes. In addition SC/ST/Physically Handicapped are eligible to get Rs. 5000 per beneficiary over and above.
(vi) No collateral security/third party guarantee is required. Assets created out of the loan amount would only be hypothecated to the banks.
(vii) Banks are required to ensure that at least 40% of their DRI advances flow to SCs/STs.
(ii) To provide bank finance at a concessional rate of interest of 4% p.a. to the weaker sections of the society for engaging in productive and gainful activities so that they could improve their economic conditions.
(iii) The loans granted under the DRI scheme should not be less than 1% of the bank's total advances.
(iv) The income ceiling for eligibility is annual income of Rs. 72000 per family in urban or semi-urban areas and Rs. 64000 per family in rural areas.
(v) Maximum assistance per beneficiary is fixed at Rs. 6500 for productive purposes. In addition SC/ST/Physically Handicapped are eligible to get Rs. 5000 per beneficiary over and above.
(vi) No collateral security/third party guarantee is required. Assets created out of the loan amount would only be hypothecated to the banks.
(vii) Banks are required to ensure that at least 40% of their DRI advances flow to SCs/STs.
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