The Industrial Sector Scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with bank tie-up schemes. HSFDC, a wholly government-owned corporation established on 02.01.1971 under the Companies Act, 1956 (with 51% share by the State Government and 49% by the Government of India), provides loans and benefits to individuals from Below Poverty Line (BPL) families. The scheme is aimed at promoting self-employment in the industrial sector, supporting income-generating activities such as carpentry, leather and leather goods manufacturing, handloom operations, flour milling, welding work, soap making, mixi manufacturing, and other viable trades.
Benefits
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Project Cost Ceiling:
The scheme supports projects costing up to ₹1,50,000. -
Subsidy:
A subsidy is provided at 50% of the total project cost, with the maximum subsidy capped at ₹10,000. -
Margin Money:
HSFDC provides margin money at 10% of the project cost, charged at 4% interest per annum. -
Bank Loan:
In addition to the subsidy and margin money, the composite loan is provided by the banks (covering the balance amount) directly to the seller of the assets. -
Interest Criteria:
For amounts up to ₹15,000, interest is charged at 4% per annum, with penal interest also at 4% per annum.- Interest starts: Same day as disbursement
- Penalty starts after: 180 days
- Principal recovery starts after: 360 days
- Installment deductions start after: 180 days, over an installment period of 180 days.
Eligibility
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Residency:
The applicant must be a permanent resident of Haryana. -
Community:
The applicant must belong to the Scheduled Caste category. -
Economic Status:
The applicant must be from a Below Poverty Line (BPL) family, with an annual family income not exceeding ₹1,80,000 in both rural and urban areas. Additionally, the applicant’s name should appear in the BPL Survey List. -
Verification:
Field staff verify the applicant’s eligibility before the case is sponsored to the bank for sanction.
Application Process
Online Process via the HSFDC Portal:
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Registration:
- Visit the official HSFDC website and select the scheme under the “Bank Tie-up Scheme” section.
- Click on “Apply for Loan” to start the registration process.
- Fill in your details (name, Aadhaar number, email, mobile number, captcha) and click “Register.”
- Enter the OTP received on your mobile and click “Submit” to open the application form.
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Login to Apply:
- On the HSFDC homepage, click on the “Login” option.
- Enter your user ID/username, password, and captcha, then click “Login.”
- Once logged in, access the dashboard and click on “Edit Profile.”
- Fill in surety details, upload the required documents, and update your information.
- Click “Final Submit.” Print out your application for future reference.
Offline Process:
- Alternatively, applicants may collect the application form from their local HSFDC office, fill it out with the required documents, and submit it at the designated office.
Documents Required
- Proof of Identity:
Aadhaar Card. - Photograph:
Recent passport-size photograph. - Resident Proof:
Ration Card. - Valid Identity Document:
Voter Card or any other acceptable identity proof. - Scheduled Caste Certificate:
A valid certificate. - BPL Proof:
BPL Card or other documentary proof. - Proof of Income:
Relevant documents to verify the applicant’s annual family income. - Additional Documents:
Any other documents as specified by the scheme guidelines.
Frequently Asked Questions
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Who implements the scheme?
The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC). -
Who is eligible for the loan under this scheme?
Eligible applicants are permanent residents of Haryana who belong to the Scheduled Caste category and are from BPL families with an annual family income not exceeding ₹1,80,000. Their names must also be listed in the BPL Survey List. -
What types of trades or businesses are covered under the scheme?
The scheme supports self-employment in sectors such as carpentry, leather and leather goods manufacturing, handloom operations, flour milling, welding work, soap making, mixi manufacturing, and similar industrial activities. -
What is the project cost ceiling for the scheme?
Projects costing up to ₹1,50,000 are eligible for support. -
Is there a subsidy provided under the scheme?
Yes, a subsidy of 50% of the total project cost is provided, up to a maximum of ₹10,000. -
What is margin money in the context of this scheme?
Margin money is the portion of the project cost provided by HSFDC, set at 10% of the project cost, and is offered at an interest rate of 4% per annum. -
How is the bank loan structured under this scheme?
The composite loan consists of the subsidy, the margin money provided by HSFDC, and the remaining balance offered by banks directly to the seller of the assets. -
How is the eligibility of the applicant verified?
Eligibility is verified by field staff who check the applicant’s details and BPL status before sponsoring the application to the bank. -
Can applicants from urban areas apply for this scheme?
Yes, the scheme is available to both rural and urban applicants. -
Where can one apply for the scheme?
Applications can be submitted online via the HSFDC official website or offline at designated HSFDC offices. -
Is the scheme available to non-scheduled caste individuals?
No, the scheme is exclusively for Scheduled Caste applicants.