• Beneficiaries should belong to other backward class.
• Should be a domicile of Maharastra State.
• Age should be between 18 and 50 years.
• Should not a defaulter of any of the banks, Corporations or any financial organization.
• Beneficiary from rural area should have an annual income in the limit
• of Rs. 31,952.
• Beneficiaries from urban area should have an annual income in the limit of Rs. 42,412.
• Only one person per family can take the benefit of the loan facility.
• Beneficiary should have knowledge and Experience of the occupation
• which is selected for loan.
• Loan terms and conditions should be as per the Corporation

   DOCUMENTS TO BE SUBMITTED WITH APPLICATION

• Attested copy of the income certificate certifying that the applicant does not fall above the required limit.
• Caste Certificate, Ration card and passport size photograph.
• Two Guarantor's certificates.
• No Objection Certificate of local licensing body.
• Affidavit stating that applicant will be using the loan amount for the purpose specified.
• Licence required for Technical Bussiness.
• Project report for the applied occupation and rate list of Raw material and Equipment required for the bussiness stated.
• Note:- Applicant should attach attested copies of the documents and not the original copy
• The applicant must submit the form duly filled in triplicate at the District Office.

• Corporation's loan should be utilised only for the work it is intended for.
• "With the Financial Aid from MSOBCFDC" should be displayed at the place of work on an easily visible board
• The information about the Corporation's loan-schemes should be made publicly available to other beneficiaries
• Only minimum required loan amounts should be demanded
• There should be no competition with the establised beneficiaries
• Liability-free business should be carried on by early repaying the loans
• Utilise the profits for expansion of business by full repayment of loans before the term expires