Composite Loan Scheme

Description
The "Composite Loan Scheme" is managed by the Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi. The scheme aims to provide need-based financial support to individuals from Scheduled Castes, Scheduled Tribes, Other Backward Classes, Minorities, and Persons with Disabilities to help them pursue various income-generating activities. The scheme encourages self-employment and entrepreneurship, promoting economic independence and social inclusion for the targeted groups.

Benefits
• Maximum Permissible Loan Amount
• For the SC category, the need-based loan is up to ₹3,00,000/-.
• For OBC, Minority and PwD categories, the need-based loan amount is up to ₹1,00,000/-.

Eligibility Criteria
1. - The applicant should be from one of the following target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability.
2. - The applicant should be a resident of Delhi.
3. - The applicant's age should be between 18 to 50 years.
4. - The annual family income of the applicant (from all sources) should not exceed ₹1,20,000/-.
5. - The applicant should be willing to pursue one of the [income-generating activities](https://dsfdc.delhi.gov.in/sites/default/files/cls_schem_details.pdf) given in the scheme guidelines.- The applicant must have a proper workplace, for starting the proposed activity, either owned or rented.
6. - The applicant should not have been declared a defaulter under any of the schemes being implemented by DSFDC.

Application Process
Step 1: Step 1: The interested applicant should take print of the prescribed format of the application form.
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Step 1: The interested applicant should take print of the prescribed format of the application form.

Step 2: Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph, and attach copies of all the mandatory documents (self-attest, if required).
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Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph, and attach copies of all the mandatory documents (self-attest, if required).

Step 3: Step 3: Submit the duly filled and signed application form along with the documents, to the Branch In-Charge / Section In-Charge of the Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi.
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Step 3: Submit the duly filled and signed application form along with the documents, to the Branch In-Charge / Section In-Charge of the Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi.

Step 4: Step 4: Request a receipt or acknowledgement.
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Step 4: Request a receipt or acknowledgement.

Required Documents
• Aadhaar Card as Proof of Identity and Residence.
• Caste Certificate Issued by the Government of Delhi or Affidavit, in Case the Applicant Belongs to Any of the Minority Community.
• PWD Certificate Issued by Govt. Hospital Showing Minimum 40% Disability, is Required if the Person Belongs to the PwD Category.
• Age Proof in the Form of Birth Certificate / School Leaving Certificate / Affidavit.
• Income Certificate in the Form of Affidavit.
• Affidavit about Non-Availing of Loan from Any Financial Institution/Govt. Organization.
• Estimate of the Items/Machines to be Procured for the Proposed Activity.
• Ownership Proof of Workplace i.e. Electricity Bill/Water Bill/Telephone Bill (MTNL) or Any Other Document of Property.
• Rent Agreement and ID Proof of the Owner of the Workplace in Case the Workplace is on Rent.
• Affidavit of No Objection Certificate for Workplace, if the Workplace is Owned by Any of the Relatives (Blood Relation).
• Affidavit of Personal Guarantee.
• ECS (Electronic Clearing Service) Mandate in the Prescribed Format, Towards Repayment of Loan, Along with 05 Blank CTS (Cheque Truncation System) Post-Dated Cheques in Favour of DSFDC (Delhi SC/ST/OBC/Minority/Handicapped Financial and Development Corporation) and One Blank Cancelled Cheque for Making Payment Through RTGS (Real Time Gross Settlement).
• Five Blank Post-Dated Cheques of the Guarantor are Also Required if the Loan Amount is Above ₹2,00,000/-.
• Affidavit of Legal Heir of Applicant.
• ID Proof of Legal Heir with Passport-Size Photo.
• Copy of Insurance Receipt under Prime Minister Suraksha Bima Yojna (PMSBY) and Prime Minister Jiwan Jyoti Bima Yojna (PMJJBY).
• The Applicant is Required to Bring Two Witnesses Along with Their ID Proof.
• Group Photograph Showing Applicant, Guarantor, Two Witnesses, Branch In-Charge & Dealing Assistant.
• Demand Draft of ₹350/- in Favour of DSFDC Towards Processing Fee.
• Original Pay Slip of Guarantor.
• Copy of Office Identity Card of Guarantor.
• Aadhaar Card of Guarantor as Proof of Residence.
• Affidavit of Guarantor & Undertaking in the Prescribed Format.
• Date of Birth Proof of Guarantor.
• Five Passport-Size Photographs of the Guarantor.
• In Case of a Loan Above ₹2,00,000/-, Five Blank Cheques from Guarantors
• OR (in Case of Collateral Security) Original Property Document, in Case of Immovable Property and NOC (No Objection Certificate) from the Owner of the Property with Complete Chain Documents.
• OR Original Collateral Security in the Shape of NSC (National Savings Certificates)/KVP (Kisan Vikas Patra)/FDR (Fixed Deposit Receipt) and Letter of Lien in Favour of DSFDC.
• In the Case of Loan Up to ₹50,000/-, No Guarantor or Collateral Security is Required. However, the Same Shall be Discretionary. But the Applicant Shall Have to Produce Two References/Names of Prominent Persons, Who are Permanent Residents of Delhi and Reside in the Area Where the Applicant Resides.

Frequently Asked Questions
Q: What are the eligibility criteria for Persons with Disabilities applying under the scheme?
A: Applicants must have a disability of at least 40%, be Delhi residents, and have an annual family income below [?]1,20,000/-.

Q: Is there a residency requirement for applicants under the scheme?
A: Yes, applicants must be residents of Delhi to be eligible for the scheme.

Q: What is the age range required for applicants to qualify for the scheme?
A: Applicants must be between 18 and 50 years old to be eligible for the scheme.

Q: What is the maximum annual family income allowed for applicants under the scheme?
A: The annual family income of the applicant must not exceed [?]1,20,000/- from all sources.

Q: What type of activities must applicants be willing to pursue to qualify for the scheme?
A: Applicants must be willing to pursue income-generating activities listed in the scheme guidelines.

Q: Is there a requirement for applicants to have a workplace for their proposed activity?
A: Yes, applicants must have a proper workplace, either owned or rented, to start their proposed activity.

Q: Can applicants who have defaulted on other schemes apply for this scheme?
A: No, applicants must not have been declared defaulters under any schemes implemented by DSFDC.

Q: What is the maximum loan amount available for applicants from the Scheduled Caste category?
A: Applicants from the Scheduled Caste category can avail of a need-based loan of up to [?]3,00,000/-.

Q: What is the maximum loan amount for applicants from OBC, Minority, and PwD categories?
A: Applicants from OBC, Minority, and PwD categories can avail of a need-based loan of up to [?]1,00,000/-.

Q: What documents are accepted as proof of age for applicants?
A: Accepted documents include a birth certificate, school leaving certificate, or an affidavit as proof of age.

Q: What additional document is needed if the workplace is owned by a relative?
A: Applicants must provide an affidavit of a No Objection Certificate if the workplace is owned by a relative.

Q: Are guarantors required for loans above ₹2,00,000/-?
A: Yes, for loans above [?]2,00,000/-, applicants must provide five blank post-dated cheques from a guarantor.