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Bank Tie-Up Scheme
Department of Finance
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Overview
Through the "Bank Tie-Up Scheme", the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC) arranges loans through banks, and subsidy is provided by PSCLDFC. The permanent residents of Punjab belonging to Scheduled Castes and living Below Poverty Line are eligible.
Details
Description
Through the "Bank Tie-Up Scheme", the Punjab Scheduled Castes Land Development & Finance Corporation PSCLDFC arranges loans through banks, and subsidy is provided by PSCLDFC. The permanent residents of Punjab belonging to Scheduled Castes and living Below Poverty Line are eligible under this scheme. This is a 100% State Sponsored Scheme, and only the permanent residents of the state of Punjab can apply for this scheme.
Benefits
• Subsidy: Capital subsidy upto 50% of the total amount subject to a maximum of ₹ 10,000/-.
• Sources of Funds: The subsidy is provided by Govt. of India out of SCA.
• Loan: The loan amount is provided by various banks operating in the State.
• Rate of Interest: Charged by the Banks as per RBI guidelines.
Eligibility Criteria
1. The applicant should be a citizen of India.
2. The applicant should be a domicile / permanent resident of the state of Punjab.
3. The applicant should be from Below Poverty Line (BPL).
4. The applicant should be from the Scheduled Caste category.
5. The annual income of the family of the applicant (from all sources) should be ₹ 67,649/- per annum (for rural areas); ₹ 88,756/- per annum (for urban areas).
6. The applicant should not already be availing the benefits of the scheme.
Application Process
Step 1: Step 1: Take a print of the format of the Application Form (Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC). The format of the application form is also available free of co…
Offline
Step 1: Take a print of the format of the Application Form (Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC). The format of the application form is also available free of cost at the District Offices.
Step 2: Step 2: Fill in all the mandatory fields, paste the passport-sized photograph (signed across), and attach all the (self-attested) mandatory documents.
Offline
Step 2: Fill in all the mandatory fields, paste the passport-sized photograph (signed across), and attach all the (self-attested) mandatory documents.
Step 3: Step 3: Submit the duly filled and signed application form along with the documents to the District Office.
Offline
Step 3: Submit the duly filled and signed application form along with the documents to the District Office.
Step 4: Step 4: Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.
Offline
Step 4: Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.
Step 5: Step 1: The District Manager sponsors the application to the concerned bank branch for joint verification.
Offline
Step 1: The District Manager sponsors the application to the concerned bank branch for joint verification.
Step 6: Step 2: The cases are sanctioned & subsidy is claimed by the banks.
Offline
Step 2: The cases are sanctioned & subsidy is claimed by the banks.
Step 7: Step 3: Then these cases are referred to the District level committee chaired by the ADC.
Offline
Step 3: Then these cases are referred to the District level committee chaired by the ADC.
Step 8: Step 4: The loan is disbursed to the beneficiaries by the banks along with the subsidy.
Offline
Step 4: The loan is disbursed to the beneficiaries by the banks along with the subsidy.
Required Documents
• Application form duly attested by competent Authority.
• Residential Certificate / Domicile Certificate of the State of Punjab.
• Caste Certificate.
• Valuation Certificate of property to be mortgaged.
• Map of the Property.
• Farad Zama Bandi.
• A copy of the registry (if the property is self-purchased).
• Affidavit regarding the loan.
• 3 Passport-Sized Photograph (Signed Across).
• Employer Certificate, Salary Certificate, and Surety Bond (in the case of Service Surety).
• Aadhaar Card.
• Details of the Bank Account (Bank Name, Branch Name, Address, IFSC, etc).
• Income Certificate.
Frequently Asked Questions
Q: How Much Shall Be The Capital Subsidy? Is There An Upper Ceiling?
A: Subsidy: Capital Subsidy upto 50% of the total amount subject to a maximum of [?] 10,000/-.
Q: What Would Be The Sources Of Funds?
A: Sources of Funds: The subsidy is provided by Govt. of India out of SCA.
Q: What Is The Full Form Of SCA?
A: The full form of SCA is "Special Central Assistance".
Q: By Which Bank Will The Amount Of The Loan Be Provided?
A: The loan amount is provided by various banks operating in the State.
Q: What Are The Income Criteria For This Scheme?
A: The annual income of the family of the applicant (from all sources) should be [?] 67,649/- per annum (for rural areas); [?] 88,756/- per annum (for urban areas).
Q: In Which Case Does The Copy Of The Registry Become A Mandatory Document?
A: The copy of the registry becomes a mandatory document if the property is self-purchased.
Q: How Much Shall Be The Rate Of Interest On The Loan?
A: The rate of Interest will be charged by the Banks as per RBI guidelines.
Q: Where Can I Find The Link To The Scheme Guidelines?
A: You can find the Scheme Guidelines at this link - https://pbscfc.punjab.gov.in/?q=node/25
Q: Where Can I Find The Link To The Loan Application Form?
A: The Loan Application Form can be found at this link -
https://pbscfc.punjab.gov.in/sites/default/files/bank_tieup_scheme_form.pdf
https://pbscfc.punjab.gov.in/sites/default/files/CORPORATION-1-6%20PAGES.PDF
Q: What Is The Full Form Of BPL?
A: The full form of BPL is "Below Poverty Line".
Q: Is The Residential Certificate / Domicile Certificate Of The State Of Punjab, A Mandatory Document For This Scheme?
A: Yes, the Residential Certificate / Domicile Certificate of the State of Punjab is a mandatory document for this scheme.
Q: Can I Reapply To This Scheme If I Am Already Availing The Benefits Of This Scheme?
A: No, you can not reapply to this scheme if you already have availed of its benefits.
Q: Is This A State Funded Or A Centrally Funded Scheme?
A: This is a 100% State Funded scheme.
Q: Is There Any Application Fee?
A: No, the entire application process is entirely free of cost.
Q: Is There Any Compensation For The Delay In The Disbursal Of The Scheme Benefits?
A: No, there is no such mention in the scheme guidelines.
Q: How Do I Know If A Field In The Application Form Is Mandatory?
A: The mandatory fields have an asterisk (*) mark at the end.
Through the "Bank Tie-Up Scheme", the Punjab Scheduled Castes Land Development & Finance Corporation PSCLDFC arranges loans through banks, and subsidy is provided by PSCLDFC. The permanent residents of Punjab belonging to Scheduled Castes and living Below Poverty Line are eligible under this scheme. This is a 100% State Sponsored Scheme, and only the permanent residents of the state of Punjab can apply for this scheme.
Benefits
• Subsidy: Capital subsidy upto 50% of the total amount subject to a maximum of ₹ 10,000/-.
• Sources of Funds: The subsidy is provided by Govt. of India out of SCA.
• Loan: The loan amount is provided by various banks operating in the State.
• Rate of Interest: Charged by the Banks as per RBI guidelines.
Eligibility Criteria
1. The applicant should be a citizen of India.
2. The applicant should be a domicile / permanent resident of the state of Punjab.
3. The applicant should be from Below Poverty Line (BPL).
4. The applicant should be from the Scheduled Caste category.
5. The annual income of the family of the applicant (from all sources) should be ₹ 67,649/- per annum (for rural areas); ₹ 88,756/- per annum (for urban areas).
6. The applicant should not already be availing the benefits of the scheme.
Application Process
Step 1: Step 1: Take a print of the format of the Application Form (Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC). The format of the application form is also available free of co…
Offline
Step 1: Take a print of the format of the Application Form (Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC). The format of the application form is also available free of cost at the District Offices.
Step 2: Step 2: Fill in all the mandatory fields, paste the passport-sized photograph (signed across), and attach all the (self-attested) mandatory documents.
Offline
Step 2: Fill in all the mandatory fields, paste the passport-sized photograph (signed across), and attach all the (self-attested) mandatory documents.
Step 3: Step 3: Submit the duly filled and signed application form along with the documents to the District Office.
Offline
Step 3: Submit the duly filled and signed application form along with the documents to the District Office.
Step 4: Step 4: Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.
Offline
Step 4: Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.
Step 5: Step 1: The District Manager sponsors the application to the concerned bank branch for joint verification.
Offline
Step 1: The District Manager sponsors the application to the concerned bank branch for joint verification.
Step 6: Step 2: The cases are sanctioned & subsidy is claimed by the banks.
Offline
Step 2: The cases are sanctioned & subsidy is claimed by the banks.
Step 7: Step 3: Then these cases are referred to the District level committee chaired by the ADC.
Offline
Step 3: Then these cases are referred to the District level committee chaired by the ADC.
Step 8: Step 4: The loan is disbursed to the beneficiaries by the banks along with the subsidy.
Offline
Step 4: The loan is disbursed to the beneficiaries by the banks along with the subsidy.
Required Documents
• Application form duly attested by competent Authority.
• Residential Certificate / Domicile Certificate of the State of Punjab.
• Caste Certificate.
• Valuation Certificate of property to be mortgaged.
• Map of the Property.
• Farad Zama Bandi.
• A copy of the registry (if the property is self-purchased).
• Affidavit regarding the loan.
• 3 Passport-Sized Photograph (Signed Across).
• Employer Certificate, Salary Certificate, and Surety Bond (in the case of Service Surety).
• Aadhaar Card.
• Details of the Bank Account (Bank Name, Branch Name, Address, IFSC, etc).
• Income Certificate.
Frequently Asked Questions
Q: How Much Shall Be The Capital Subsidy? Is There An Upper Ceiling?
A: Subsidy: Capital Subsidy upto 50% of the total amount subject to a maximum of [?] 10,000/-.
Q: What Would Be The Sources Of Funds?
A: Sources of Funds: The subsidy is provided by Govt. of India out of SCA.
Q: What Is The Full Form Of SCA?
A: The full form of SCA is "Special Central Assistance".
Q: By Which Bank Will The Amount Of The Loan Be Provided?
A: The loan amount is provided by various banks operating in the State.
Q: What Are The Income Criteria For This Scheme?
A: The annual income of the family of the applicant (from all sources) should be [?] 67,649/- per annum (for rural areas); [?] 88,756/- per annum (for urban areas).
Q: In Which Case Does The Copy Of The Registry Become A Mandatory Document?
A: The copy of the registry becomes a mandatory document if the property is self-purchased.
Q: How Much Shall Be The Rate Of Interest On The Loan?
A: The rate of Interest will be charged by the Banks as per RBI guidelines.
Q: Where Can I Find The Link To The Scheme Guidelines?
A: You can find the Scheme Guidelines at this link - https://pbscfc.punjab.gov.in/?q=node/25
Q: Where Can I Find The Link To The Loan Application Form?
A: The Loan Application Form can be found at this link -
https://pbscfc.punjab.gov.in/sites/default/files/bank_tieup_scheme_form.pdf
https://pbscfc.punjab.gov.in/sites/default/files/CORPORATION-1-6%20PAGES.PDF
Q: What Is The Full Form Of BPL?
A: The full form of BPL is "Below Poverty Line".
Q: Is The Residential Certificate / Domicile Certificate Of The State Of Punjab, A Mandatory Document For This Scheme?
A: Yes, the Residential Certificate / Domicile Certificate of the State of Punjab is a mandatory document for this scheme.
Q: Can I Reapply To This Scheme If I Am Already Availing The Benefits Of This Scheme?
A: No, you can not reapply to this scheme if you already have availed of its benefits.
Q: Is This A State Funded Or A Centrally Funded Scheme?
A: This is a 100% State Funded scheme.
Q: Is There Any Application Fee?
A: No, the entire application process is entirely free of cost.
Q: Is There Any Compensation For The Delay In The Disbursal Of The Scheme Benefits?
A: No, there is no such mention in the scheme guidelines.
Q: How Do I Know If A Field In The Application Form Is Mandatory?
A: The mandatory fields have an asterisk (*) mark at the end.
Eligibility Criteria
1
The applicant should be a citizen of India.
2
The applicant should be a domicile / permanent resident of the state of Punjab.
3
The applicant should be from Below Poverty Line (BPL).
4
The applicant should be from the Scheduled Caste category.
5
The annual income of the family of the applicant (from all sources) should be ₹ 67,649/- per annum (for rural areas); ₹ 88,756/- per annum (for urban areas).
6
The applicant should not already be availing the benefits of the scheme.
Benefits
Subsidy: Capital subsidy upto 50% of the total amount subject to a maximum of ₹ 10,000/-.
Sources of Funds: The subsidy is provided by Govt. of India out of SCA.
Loan: The loan amount is provided by various banks operating in the State.
Rate of Interest: Charged by the Banks as per RBI guidelines.
Required Documents
| # | Document |
|---|---|
| 1 | Application form duly attested by competent Authority. |
| 2 | Residential Certificate / Domicile Certificate of the State of Punjab. |
| 3 | Caste Certificate. |
| 4 | Valuation Certificate of property to be mortgaged. |
| 5 | Map of the Property. |
| 6 | Farad Zama Bandi. |
| 7 | A copy of the registry (if the property is self-purchased). |
| 8 | Affidavit regarding the loan. |
| 9 | 3 Passport-Sized Photograph (Signed Across). |
| 10 | Employer Certificate, Salary Certificate, and Surety Bond (in the case of Service Surety). |
| 11 | Aadhaar Card. |
| 12 | Details of the Bank Account (Bank Name, Branch Name, Address, IFSC, etc). |
| 13 | Income Certificate. |
How to Apply
1
Step 1: Take a print of the format of the Application Form (Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC). The format of the application form is also available free of co…
Offline Step 1: Take a print of the format of the Application Form (Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC). The format of the application form is also available free of cost at the District Offices.
2
Step 2: Fill in all the mandatory fields, paste the passport-sized photograph (signed across), and attach all the (self-attested) mandatory documents.
Offline Step 2: Fill in all the mandatory fields, paste the passport-sized photograph (signed across), and attach all the (self-attested) mandatory documents.
3
Step 3: Submit the duly filled and signed application form along with the documents to the District Office.
Offline Step 3: Submit the duly filled and signed application form along with the documents to the District Office.
4
Step 4: Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.
Offline Step 4: Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.
5
Step 1: The District Manager sponsors the application to the concerned bank branch for joint verification.
Offline Step 1: The District Manager sponsors the application to the concerned bank branch for joint verification.
6
Step 2: The cases are sanctioned & subsidy is claimed by the banks.
Offline Step 2: The cases are sanctioned & subsidy is claimed by the banks.
7
Step 3: Then these cases are referred to the District level committee chaired by the ADC.
Offline Step 3: Then these cases are referred to the District level committee chaired by the ADC.
8
Step 4: The loan is disbursed to the beneficiaries by the banks along with the subsidy.
Offline Step 4: The loan is disbursed to the beneficiaries by the banks along with the subsidy.
Frequently Asked Questions
Subsidy: Capital Subsidy upto 50% of the total amount subject to a maximum of [?] 10,000/-.
Sources and references
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