Industrial Sector Scheme (HSFDC)

Description
The scheme "Industrial Sector" is implemented by the Haryana Scheduled Castes Finance and Development Corporation HSFDC in collaboration with the bank tie-up schemes. The HSFDC is a Company registered under the Companies Act, 1956 on 02.01.1971. It is a wholly Government-owned Corporation with a 51% share of the State Government and a 49% share of the Government of India. Under this scheme, the Corporation provides loans/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 for various self-employment income generating activities such as carpentry, leather, and leather goods manufacturing, handloom operations, flour milling, welding work, soap making, mixi manufacturing, and other viable activities.

Exclusions
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Benefits
• **Project Cost Ceiling:**
• Up to ₹1,50,000 /-.
• **Subsidy:**
• Subsidy @ 50% of the total project cost (Maximum amount of subsidy is ₹10,000/-)
• **Margin Money:**
• The Corporation provides margin money @ 10% of the project cost.
• Margin money is provided @ 4% interest per annum.
• The interest on bank loans is charged by the banks at their lending policies.
• **Bank Loan:**
• Besides subsidy and margin money, the composite loan i.e. subsidy and margin money, and the balance amount of the bank loan is provided by the banks to the seller of the assets on behalf of the beneficiaries.
• &gt; **Interest criteria for the loan amount recoverable by HSFDC:**
• **Upto Amount (₹)****Interest % P.A.****Penal Interest % P.A.**15,000/- 4 4<br>
• **Interest Starts on****Penalty Start After****Principal Recovery Starts After****Installment Starts After****Installment Period**Same Day180 Days360 Days180 Days180 Days

Eligibility Criteria
1. The applicant should be a resident of Haryana.
2. The applicant should belong to the Scheduled Caste Category.
3. The applicant should belong to the Below Poverty Line (BPL) family.
4. The applicant&amp;#39;s annual family income should not exceed ₹1,80,000/- in both rural and urban areas.
5. The applicant&amp;#39;s annual family income should not exceed the BPL limit.
6. The applicant&amp;#39;s name should be included in the BPL Survey List.
7. **Note:** The eligibility of the applicant is verified by the field staff before sponsoring the same to the bank for sanction.

Required Documents
• Aadhaar Card
• Passport-size photograph
• Ration Card
• Voter Card or any valid identity proof
• Scheduled Caste Certificate
• BPL Card/document proof
• Proof of income
• Any other documents as required

Frequently Asked Questions
Q: Who implements the Scheme?
A: The Haryana Scheduled Castes Finance and Development Corporation (HSFDC) implements the scheme in collaboration with bank tie-up schemes.

Q: Who is eligible for the loan under this scheme?
A: Individuals from BPL families, whose annual family income does not exceed ₹1,80,000/- and who are residents of Haryana, belonging to the Scheduled Caste Category, are eligible.

Q: What types of trades or businesses are covered under the scheme?
A: Trades and businesses such as carpentry, leather and leather goods manufacturing, handloom operations, flour milling, welding work, soap making, mixer manufacturing, and other viable trades or businesses are covered.

Q: What is the project cost ceiling for the scheme?
A: The project cost ceiling is up to ₹1,50,000/-.

Q: Is there a subsidy provided under the scheme?
A: Yes, a subsidy of 50% of the total project cost, up to a maximum of ₹10,000/-, is provided.

Q: What is margin money in the context of this scheme?
A: Margin money is provided by the Corporation at 10% of the project cost with an interest rate of 4% per annum.

Q: How is the bank loan structured under this scheme?
A: Besides subsidy and margin money, banks provide a composite loan (subsidy, margin money, and balance amount of bank loan) to the seller of the assets on behalf of the beneficiaries.

Q: How is the eligibility of the applicant verified?
A: The eligibility of the applicant is verified by the field staff before sponsoring the application to the bank for sanction.

Q: Can applicants from urban areas apply for this scheme?
A: Yes, applicants from both rural and urban areas can apply for this scheme.

Q: Where can one apply for the scheme?
A: Applicants can apply through the official website of the Haryana Scheduled Castes Finance and Development Corporation at [https://hscfdc.org.in/appreg](https://hscfdc.org.in/appreg).
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Q: Is the scheme available to non-scheduled caste individuals?
A: No, the scheme is specifically designed for individuals belonging to the Scheduled Caste category.