The “Jhota Buggi/Camel/Mule Cart 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 (51% State Government and 49% Government of India) registered under the Companies Act, 1956, provides loans to individuals from Below Poverty Line (BPL) families for purchasing animal-driven carts such as Jhota Buggi, camel carts, and mule carts. The scheme is targeted at beneficiaries whose annual family income does not exceed ₹1,80,000 in both rural and urban areas, and offers a subsidy of 50% on the total project cost, with a maximum subsidy of ₹10,000.
Benefits
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Project Cost Ceiling:
Up to ₹1,50,000. -
Subsidy:
50% of the total project cost, with a maximum subsidy of ₹10,000. -
Bank Loan:
The loan is provided as a composite facility where the subsidy and the remaining balance (via bank loans) are disbursed directly to the seller on behalf of the beneficiary. -
Interest Criteria:
- For loans up to ₹1,50,000, the interest rate is 4% per annum.
- Penal interest is also 4% per annum if applicable.
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Timing:
- Interest starts on the same day as loan disbursement.
- Penal interest starts after 180 days.
- Principal recovery begins after 360 days.
- Installments start after 180 days and are structured over the installment period.
Eligibility
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Residency:
The applicant must be a permanent resident of Haryana. -
Caste:
The applicant must belong to the Scheduled Caste category. -
Economic Criteria:
The applicant should be from a BPL family with an annual family income not exceeding ₹1,80,000 (in both rural and urban areas). The applicant’s name must be included in the BPL Survey List. -
Verification:
Field staff verify the applicant’s eligibility before sponsoring the case to the bank for sanction.
Application Process
Online / Offline
Registration Process on HSFDC Portal:
- Visit the Official Website:
Go to the Haryana Scheduled Castes Finance and Development Corporation website and navigate to the ‘Bank Tie-up Scheme’ section. - Apply for Loan:
Click on “Apply for Loan” to start the registration process. - Fill in Details:
Enter details such as your name, Aadhaar number, email, mobile number, and captcha code, then click “Register”. - OTP Verification:
Enter the OTP sent to your mobile and click “Submit”. - Complete Application Form:
The application form will open. Enter all required details and upload the necessary documents. - Submit Application:
Click “Submit” to complete your application. You will receive your user ID and password.
Login Process:
- Access Portal:
On the HSFDC website, click on the ‘Login’ option. - Enter Credentials:
Input your user ID/username, password, and captcha code. - Dashboard:
After logging in, your dashboard will open. Click on “Edit Profile” to update your surety details and upload required documents. - Final Submission:
Click “Final Submit” and print your application for future reference.
Documents Required
- Aadhaar Card.
- Passport-size photograph.
- Ration Card.
- Voter Card or any valid identity proof.
- Scheduled Caste Certificate.
- BPL Card or document proof.
- Proof of Income.
- Any other documents as required.
Frequently Asked Questions
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Who is eligible for this scheme?
Applicants must be permanent residents of Haryana, belong to the Scheduled Caste category, and be from BPL families with an annual family income not exceeding ₹1,80,000. -
What is the maximum loan amount provided under this scheme?
The scheme supports projects costing up to ₹1,50,000. -
Is there any subsidy provided under this scheme?
Yes, a subsidy of 50% of the total project cost is provided, with a maximum subsidy of ₹10,000. -
How is the loan amount disbursed?
The bank provides a composite loan where the subsidy is combined with the remaining balance; the disbursement is made directly to the seller on behalf of the beneficiary. -
Can urban residents apply for this scheme?
Yes, the scheme is applicable to both rural and urban areas. -
What is the source of funding for this scheme?
The scheme is funded by the Haryana Scheduled Castes Finance and Development Corporation, which is jointly owned by the State Government and the Government of India. -
Is there any interest rate applicable on the loan?
The applicable interest rate is 4% per annum on the loan amount. -
How can I apply for this scheme?
Applications can be submitted through the HSFDC portal via an online registration process or through offline methods as outlined on the official website.