The “Trade and Business Sector” scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with bank tie-up schemes. HSFDC, a company registered under the Companies Act, 1956 (established on 02.01.1971) and jointly owned by the State Government (51%) and the Government of India (49%), provides financial assistance to individuals from Below Poverty Line (BPL) families. The scheme targets beneficiaries whose annual family income does not exceed ₹1,80,000 in both rural and urban areas, offering support for various self-employment income-generating activities such as running stationery, kiryana, cloth, tea, auto repair, kabadi, fruit shops, beauty parlours, tent houses, band parties, and other viable business ventures.
Benefits
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Project Cost Ceiling:
Support for projects up to ₹1,50,000. -
Subsidy:
A subsidy of 50% of the total project cost is provided, with a maximum subsidy of ₹10,000. -
Margin Money:
Margin money is provided at 10% of the project cost, offered at an interest rate of 4% per annum. -
Bank Loan:
In addition to the subsidy and margin money, the remaining balance is provided as a bank loan disbursed directly to the seller on behalf of the beneficiary. -
Interest Criteria:
For loans up to ₹15,000, the interest rate is 4% per annum with a penal interest rate also at 4%, with interest and penalty timings as defined in the scheme.
Eligibility
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Residency:
The applicant must be a permanent resident of Haryana. -
Caste and Economic Criteria:
The applicant must belong to the Scheduled Caste category and come from a BPL family with an annual income not exceeding ₹1,80,000. Additionally, the applicant’s name should be included in the BPL Survey List. -
Verification:
Field staff verify the applicant’s eligibility before sponsoring the application 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 your details (name, Aadhaar number, email, mobile number, captcha code) and click “Register”. - OTP Verification:
Enter the OTP sent to your mobile and click “Submit”. The application form will then open. - Complete the Application:
Fill in all required details and upload the necessary documents, then click “Submit” to complete the application. You will receive a user ID and password.
Login Process:
- Access Portal:
Click on the ‘Login’ option on the HSFDC website. - Enter Credentials:
Input your user ID/username, password, and captcha code, then click “Login”. - Update Profile:
On your dashboard, click “Edit Profile” to fill in surety details, upload required documents, and update other necessary details. - 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 by the scheme guidelines.
Frequently Asked Questions
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Who implements the “Trade and Business Sector” scheme?
The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with bank tie-up schemes. -
What is the maximum project cost under the scheme?
The project cost ceiling is up to ₹1,50,000. -
What income-generating activities are supported?
Supported activities include operating a stationery shop, kiryana shop, cloth shop, tea shop, auto repair shop, kabadi shop, fruit shop, beauty parlour, tent house, band party, or any other viable business venture. -
Is the scheme available to non-Scheduled Caste individuals?
No, it is exclusively for individuals belonging to the Scheduled Caste category. -
How much subsidy is provided under the scheme?
A subsidy of 50% of the total project cost is provided, with a maximum subsidy amount of ₹10,000. -
What is margin money and how is it provided?
Margin money is provided at 10% of the project cost, offered at an interest rate of 4% per annum. -
Who is eligible for the scheme?
Eligible 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 income limit for eligibility?
The annual family income should not exceed ₹1,80,000 in both rural and urban areas. -
What verification is required for eligibility?
The applicant’s name must be included in the BPL Survey List, and field staff verify eligibility before the bank sanction. -
How can one apply for the scheme?
Applications can be submitted online via the HSFDC portal or through the offline process detailed on the official website. -
Can applicants from urban areas apply?
Yes, the scheme is applicable to both rural and urban applicants.