Poultry Farming Loan in Haryana: 50% Subsidy and Up to ₹1.5 Lakh for SC Families

The Poultry Farming Scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with bank tie-up schemes. HSFDC, established on 02.01.1971 under the Companies Act, 1956, is a government-owned corporation with a 51% share by the State Government and 49% by the Government of India. This scheme targets individuals from Below Poverty Line (BPL) families with an annual family income not exceeding ₹1,80,000 (in both rural and urban areas) for self-employment ventures such as poultry farming. Under the scheme, beneficiaries receive a subsidy of 50% of the total project cost (capped at a maximum of ₹10,000) along with a composite loan provided by banks.

Benefits

• Project Cost Ceiling:
  The scheme supports projects costing up to ₹1,50,000.
• Subsidy:
  Subsidy of 50% of the total project cost, with a maximum subsidy of ₹10,000.
• Loan Disbursement:
  The composite loan includes the subsidy, margin money, and the balance provided by the banks 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.
• Repayment Terms:
  • Interest: Begins on the same day as disbursement.
  • Penalty: Starts after 180 days.
  • Principal Recovery: Begins after 360 days.
  • Installment: Deductions start after 180 days with an installment period of 180 days.

Eligibility

• The applicant must be a permanent resident of Haryana.
• The applicant must belong to the Scheduled Caste category.
• The applicant must be from a Below Poverty Line (BPL) family, with an annual family income not exceeding ₹1,80,000.
• The applicant’s name must be included in the BPL Survey List.
• Eligibility is verified by field staff prior to submission to the bank.

Application Process

Online Process via HSFDC Official Website:

1. Registration Process:

   • Step 1: Visit the official website of HSFDC and select the scheme under the ‘Bank Tie-up Scheme’ section.
   • Step 2: Click on “Apply for Loan” to initiate the registration process.
   • Step 3: Fill in your details (name, Aadhaar number, email, mobile number, and captcha), then click “Register.”
   • Step 4: Enter the OTP sent to your mobile and click “Submit.” The application form will then open.

2. Login to Apply for the Scheme:

   • Step 1: Visit the HSFDC website and click on the ‘Login’ option.
   • Step 2: Enter your user ID/username, password, and captcha, then click “Login.”
   • Step 3: Once logged in, access the dashboard and click on “Edit Profile.”
   • Step 4: Fill in surety details, upload the required documents, and update your information.
   • Step 5: Click “Final Submit” and print your application for future reference.

Offline Process:

• Applicants may also collect the prescribed application form from the local HSFDC office, complete it along with the required documents, and submit it at the designated office.

Documents Required

• Proof of Identity:
  Aadhaar Card.
• Photograph:
  Recent passport-size photograph.
• Resident/Address Proof:
  Ration Card.
• Valid Identity Proof:
  Voter Card or any other acceptable document.
• Qualification and Experience Documents:
  Relevant documents to verify the applicant’s background.
• Scheduled Caste Certificate:
  Valid certificate as per guidelines.
• BPL Card/Proof:
  Document confirming the applicant belongs to a BPL family.
• Proof of Income:
  Documents supporting the annual family income.
• Additional Documents:
  Any other documents as required by the scheme guidelines.

Frequently Asked Questions

1. Who implements the Poultry Farming Scheme?
   The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC).

2. What is the project cost ceiling under the scheme?
   The project cost ceiling is up to ₹1,50,000.

3. What is the subsidy offered under the scheme?
   Subsidy is provided at 50% of the project cost, with a maximum subsidy of ₹10,000.

4. Who is eligible for the scheme?
   Eligible applicants are those who are permanent residents of Haryana, belong to the Scheduled Caste category, come from BPL families with an annual income not exceeding ₹1,80,000, and whose names appear on the BPL Survey List.

5. What is the purpose of the loan provided under this scheme?
   The loan is aimed at facilitating self-employment through poultry farming and similar income-generating activities.

6. How is the loan disbursed under this scheme?
   The loan is disbursed as a composite package comprising subsidy, margin money, and the balance provided by banks directly to the seller of the assets.

7. Is the scheme available to non-scheduled caste individuals?
   No, the scheme is exclusively for Scheduled Caste applicants.

8. What are the income criteria for eligibility?
   The applicant’s annual family income must not exceed ₹1,80,000 in both rural and urban areas.

9. How is the eligibility of the applicant verified?
   Field staff verify the applicant’s eligibility before the case is sponsored to the bank.

10. Can applicants from urban areas apply for this scheme?
    Yes, the scheme is applicable to both rural and urban areas.

11. What is the process for sanctioning the loan?
    After application submission and eligibility verification, the loan is processed and sanctioned through the tie-up with banks.

Sources and References

• HSFDC Registration Link