Self Employment Scheme in Haryana: Loans and Subsidy for SC BPL Families

The Professional and Self Employment 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 wholly government-owned corporation with a 51% share by the State Government and a 49% share by the Government of India. This scheme provides loans and financial benefits to individuals from Below Poverty Line (BPL) families whose annual family income does not exceed ₹1,80,000 in both rural and urban areas. The scheme supports self-employment activities in professional fields such as legal practice, Chartered Accountancy, medical practice, and other viable professional ventures.

Benefits

• Project Cost Ceiling:
  Up to ₹1,50,000.

• Subsidy:
  Subsidy at 50% of the total project cost, with a maximum subsidy of ₹10,000.

• Margin Money:
  Provided at 10% of the project cost with an interest rate of 4% per annum.

• Bank Loan:
  The composite loan consists of the subsidy, margin money, and the remaining balance is provided by banks directly to the seller of the assets.

• Interest Criteria for Loan Amount Recoverable by HSFDC:
  For amounts up to ₹15,000, the interest is 4% per annum (with penal interest also at 4% per annum).

  • Interest starts on: 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

• Residency:
  The applicant must be a permanent resident of Haryana.

• Community:
  The applicant must belong to the Scheduled Caste category and be from a BPL family.

• Income:
  The applicant’s annual family income should not exceed ₹1,80,000 in both rural and urban areas. Additionally, the applicant’s name must be included in the BPL Survey List.

• Verification:
  Eligibility is verified by field staff before the application is sponsored to the bank for sanction.

Application Process

Online Process via HSFDC Portal:

1. Registration Process:

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

2. Login to Apply for the Scheme:

   • Step 1: On the HSFDC website, 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.” After submission, print your application for reference.

3. Alternate Registration via Antyodaya-SARAL Portal:

   • Step 1: Visit the Antyodaya-SARAL Portal at https://saralharyana.gov.in/.
   • Step 2: If not registered, click “New User” under “Sign In Here” and complete the registration.
   • Step 3: Log in with your credentials, search for the scheme, fill out the application form, upload mandatory documents, preview, and submit.
   • Step 4: Track your application status by entering the Department Name, Scheme Name, and Application Reference ID.

Documents Required

• Identity Proof:
  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 equivalent document.
• Proof of Income:
  Documents confirming the applicant’s annual family income.
• Additional Documents:
  Any other documents as required by the scheme guidelines.

Frequently Asked Questions

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

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

3. How much subsidy is provided under the scheme?
   A subsidy of 50% of the project cost is provided, with a maximum subsidy of ₹10,000.

4. What is margin money, and how is it provided?
   Margin money is provided at 10% of the project cost, charged at 4% interest per annum.

5. How is the bank loan structured in this scheme?
   The composite loan comprises the subsidy and margin money, with the balance amount provided by banks directly to the seller of the assets.

6. Can individuals from urban areas apply for this scheme?
   Yes, the scheme is available to both rural and urban applicants.

7. What professional fields are supported under this scheme?
   The scheme supports self-employment in fields such as legal practice, Chartered Accountancy, medical practice, and other viable professional activities.

8. What is the annual family income limit to be eligible for the scheme?
   The annual family income should not exceed ₹1,80,000.

9. Is there an interest rate on the bank loan under this scheme?
   Yes, the interest rate on the bank loan is as per the lending policies of the respective banks.

10. How can I apply for the scheme?
    You can apply online through the HSFDC official website or via the Antyodaya-SARAL Portal.

11. How is the eligibility of the applicant verified?
    Eligibility is verified by field staff before the application is sponsored to the bank.

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

Sources and References

• HSFDC Details