Credit Based Schemes For SC - Term Loan (TL)
in Haryana
Last updated:
Key dates and updates (Haryana)
Nationwide and Haryana-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Credit Based Schemes For SC - Term Loan (TL) in Haryana
Credit Based Schemes For SC - Term Loan (TL) is a government scheme available to eligible residents of Haryana.
Apply for Credit Based Schemes For SC - Term Loan (TL) in Haryana
Scheme Overview
A loan scheme by Ministry of Social justice and Empowerment for Entrepreneur of Scheduled Caste Category.
Eligibility Criteria
The scheme is for entrepreneurs of the Scheduled Caste Category.
Benefits
Term loan up to 95% of the cost of project Upto Rs.5.00 lakh at Interest rates of 6%
Term loan up to 95% of the cost of project Above Rs. 5.00 lakh & upto Rs.10.00 lakh at Interest rates of 8%
Term loan up to 95% of the cost of project Above Rs. 10.00 lakh & upto Rs.50.00 lakh at Interest rates of 9%
A term loan is to be repaid in quarterly/half-yearly/yearly installments, within a maximum period of 10 years.
6 months to 12 months depending upon the nature of the business activity
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card |
| 2 | Income certificate |
| 3 | Caste certificate |
| 4 | Bank account statement |
How to Apply in Haryana
The interested eligible person shall contact the nearest Channeling Agency (https://nsfdc.nic.in/channel-patrners/ ) . https://nsfdc.nic.in/UploadedFiles/other/form/termloan-english.pdf The loan applications are to be submitted by the eligible tar…
Offline The interested eligible person shall contact the nearest Channeling Agency (https://nsfdc.nic.in/channel-patrners/ ) . https://nsfdc.nic.in/UploadedFiles/other/form/termloan-english.pdf The loan applications are to be submitted by the eligible target group (Scheduled Castes persons having annual family income up to Rs. 3.00 lakhs ) to the District Offices of State Channelizing Agencies (SCAs). The District Offices of SCAs/CAs forward these applications, after scrutiny, to their Head Offices. The viability of the project proposals are appraised by the SCAs and the viable projects are forwarded to NSFDC along with their recommendations for sanction. Eligible target group can also submit their loan application to other Channelising Agencies of NSFDC such as Regional Rural Banks/ Public Sector Banks/ NBFC-MFIs etc. with whom NSFDC has signed Memorandum of Agreements. The said project proposals are appraised by the Project and Banking Desk. The appraisal report is submitted to the Project Clearance Committee (PCC) for their concurrence. The proposals which are found to be in order are recommended for sanction. After sanction, Sanction Letters called as Letter of Intents(LOIs), along with Terms & Conditions are issued to the SCAs/ RRBs/ Public Sector Banks/ NBFC-MFIs etc. for acceptance. After acceptance of the terms and conditions of the sanction and fulfillment of Prudential Norms, as applicable, funds are disbursed to the SCAs/ RRBs/ Nationalized Bank for onward disbursement to the beneficiaries. The disbursement of funds is made by NSFDC on receipt of demand from the SCAs/ RRBs/ Public Sector Banks/ NBFC MFIs. The loans are to be repaid by the beneficiaries as per the repayment schedule stipulated by the SCAs/CAs
Common questions in Haryana
Who can apply for Credit Based Schemes For SC - Term Loan (TL) in Haryana?
Eligible residents of Haryana who meet the scheme’s overall criteria can apply for Credit Based Schemes For SC - Term Loan (TL). Refer to the eligibility section above for the complete checklist.
What documents are required for Credit Based Schemes For SC - Term Loan (TL) in Haryana?
Applicants in Haryana typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Credit Based Schemes For SC - Term Loan (TL)?
Key dates are summarized in the table on this page, from 18 July 2014 through 18 July 2014, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
A moratorium period refers to a particular period of a loan tenure during which the borrower does not have repay anything. It can be described as a waiting period before the borrower will have to start paying the equated monthly installments (EMIs) for his or her loan.