The Big Loan Scheme, launched by the Delhi Scheduled Castes/Other Backward Classes/Minorities & Handicapped Finance and Development Corporation Limited (DSFDC), provides term loans of up to ₹5,00,000 to marginalized groups for setting up income-generating activities in Delhi. This scheme specifically targets Scheduled Castes (SC), Other Backward Classes (OBC), Minorities, Safai Karamcharis, and Persons with Disabilities (PwDs). The loans are offered for non-polluting trades and businesses, with repayment terms of 60 monthly installments and a moratorium period.
Benefits
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Term loan of up to ₹5,00,000: This loan is a part of the total project cost or loan demanded by the applicant.
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Repayment Terms:
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60 monthly installments over five years (with a six-month moratorium period).
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For PwDs, a 10-year repayment period with a three-month moratorium.
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Eligibility
• Permanent resident of Delhi.
• Age between 18 and 50 years.
• Belongs to one of the following categories: Scheduled Castes, Other Backward Classes, Minorities, Safai Karamcharis, or Persons with Disabilities (PwDs).
• Annual family income:
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SC, OBC, Minority: ≤ ₹1,20,000 (or ₹6,00,000 for creamy layer of Minorities).
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PwDs & Safai Karamchari: No income limit.
• No default on any previous loan from DSFDC, Nationalized Bank, or any financial institution.
• The applicant must have valid permissions (e.g., SSI Certificate, Pollution Control Certificate, etc.) to set up the business.
• Manufacturing units must be set up in approved industrial areas.
Application Process
Offline
Step 1: Obtain the application form from DSFDC Head Office (Rohini) or Branch Offices (Rajpur Road, Nand Nagari, Mangol Puri), or download it from the official website.
Step 2: Fill out the application form, attach a passport-sized photograph, and provide self-attested copies of required documents.
Step 3: Submit the completed form along with the documents to the nearest DSFDC office and pay the processing fee of ₹350.
Step 4: After review and approval, DSFDC will issue a Letter of Intent, and the loan will be disbursed once all formalities are completed.
Documents Required
Pre-Sanction/With Application
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5 Passport-sized photographs of the applicant.
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Caste Certificate for SC/OBC/Minority (affidavit for Minority applicants).
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Aadhaar Card (proof of identity and residence).
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Age Proof (e.g., Birth Certificate).
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Income Certificate issued by SDM (for SC/OBC/Minorities).
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Affidavit declaring no previous loan defaults.
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No Objection Certificate (NOC) for the working place.
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Project Report with Five-Year Projections.
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SSI Registration (if applicable).
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Pollution Under Control (PUC) Certificate (for manufacturing units).
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Invoices for machinery and equipment to be installed.
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Processing Fee of ₹350.
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Personal Guarantee Affidavit.
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Disability Certificate (for PwDs, with ≥40% disability).
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For Safai Karamchari, proof of identification by concerned authorities.
Post-Sanction
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Guarantor’s documents: Passport-sized photographs, age proof, pay slip, office ID card.
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Post-dated cheques (PDCs) of the guarantor.
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ECS Mandate Form.
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Witnesses’ ID Proof.
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PMJJBY and PMSBY insurance details.
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Group photographs with the applicant, guarantors, and DSFDC officials.
Frequently Asked Questions (FAQs)
Q: What is the income limit for OBC applicants?
A: The annual income limit for OBC applicants is ₹1,20,000, and for creamy layer in the Minority category, it’s ₹6,00,000.
Q: Can someone who has defaulted on a previous loan apply for this loan?
A: No, the applicant must not have defaulted on any previous loan from DSFDC or any financial institution.
Q: What documents are required to prove community status for Minority applicants?
A: Minority applicants must provide an affidavit declaring their community status.
Q: How many guarantors are required for the loan application?
A: The loan application requires guarantors whose details and documents need to be submitted post-sanction.
Q: What is the repayment period for the loan?
A: The repayment period is 60 months for general applicants, with a 6-month moratorium, and 10 years for PwDs with a 3-month moratorium.
Q: What is the maximum loan amount under the scheme?
A: The maximum loan amount is ₹5,00,000.
Q: Is the loan available for setting up a manufacturing unit?
A: Yes, the loan can be used for setting up income-generating activities or manufacturing units within approved industrial areas.