Telangana BC Corporation Loan Application Form 2023

Telangana State Online Beneficiary Management Monitoring (TSOBMMS) System started the BC Corporation Loan scheme to financially support backward classes’ entrepreneurial activities.

Whether you want to start a small business or an existing entrepreneur seeking expansion, the BC Corporation Loan can be a valuable resource.

What is the BC Corporation Loan?

The Telangana government started a financial scheme to assist individuals from backward classes. It aims to promote entrepreneurship and economic development among marginalized communities in the state.

The following communities can apply for a loan

  • Nayee Brahmin
  • Washermen/ Rajaka/Chakala
  • Vaddera
  • Sagara(Uppara)
  • Valmiki/Boya
  • Krishna Balija 
  • Bhattraja
  • Kummari/ Shalivahana
  • Viswabrahmin
  • Medara

Eligibility

Following are the eligibilities to apply for a BC loan.

  • The applicant should belong to Telangana.
  • They must belong to backward classes as specified by the state.
  • Must meet the age criteria of 18 years.
  • The applicant should have a viable business plan and be able to repay the loan.

Required Documents

How to apply for a Telangana BC Corporation loan

These are the steps you need to follow.

BC Corporation loan Telangana
  • Go to the official website of the Telangana State Online Beneficiary Management Monitoring (TSOBMMS) System.
  • You can see the right side “Application Form for Financial Assistance for BC Vocational Communities Registration Form” in the citizen corner.
  • Click on it
  • A new tab will open where you must enter all the required details like Address, Applicant, and sector details.
  • Please mark on self-declaration.
  • You can see a preview.
  • Finally, click on submit.
  • You will get the application number. Take a printout for future purposes.
Telangana

BC Loan Loan Repayment

It has made in installments, depending on the repayment period selected by the applicant. The repayment period ranges from 3 to 5 years, and the interest rate is 6% annually.

Download Application Printout

Follow the steps.

  • Go to the official website.
  • Click on Download Application Printout on the right side of the citizen corner.
  • The new tab will open.
  • Select scheme type from drop down.
  • Give Beneficiary ID / Applicant ID and DOB all required fields.
  • Click on search.
Bc Loan

TSOBMMS Sector and Schemes

  • Go to the official website.
  • Click on Sector and Schemes on the right side of the citizen corner.
  • The new tab will open.
  • Select Corporation Name as BC Corporation.
  • Click on get details.
TSOBMMS

How to Search Beneficiary Details

These are the steps you need to follow.

  • Go to website
  • Click on Get Beneficiary Proceedings
  • A new tab will open
  • Please give Beneficiary Id.
  • Click on get details.
Bc loan Beneficiary list

BC Loan Help Line

For any online issues, contact the below email.

Email: helpdesk.obms@cgg.gov.in (Mention corporation name)

Conclusion

The BC Corporation Loan in Telangana is a useful resource for people from backward classes who desire to start or expand their businesses. It offers attractive interest rates, flexible repayment options, and government support, making it an excellent option for entrepreneurial growth.

Entrust yourself and donate to the financial growth of Telangana State through the BC Corporation Loan!

FAQs

What is the eligibility criterion for the BC Corporation Loan?

You must be a citizen of Telangana and belong to the backward classes. Also, you should have an achievable business plan and the ability to repay the loan.

Can I apply for the BC Corporation Loan online?

Yes. Visit TSOBMMS website.

How long is the repayment period for the BC Corporation Loan?

The repayment period can vary from 3 to 5 years, depending on the loan amount and the business.

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