Jhota Buggi/Camel/Mule Cart Scheme (HSFDC)

Description
The scheme "Jhota Buggi/Camel/Mule Cart" 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 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 purchasing animal-driven carts such as Jhota Buggis, camel carts, and mule carts. The scheme provides a subsidy of 50% of the total cost, with a maximum subsidy amount of ₹10,000/-.

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/-)
• **Bank Loan:**
• Besides subsidy, the composite loan i.e. subsidy, 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.**₹1,50,000 /- 4 4<br>
• **Interest Starts on****Penalty Start After** **Principal Recovery Starts After****Installment Starts After****Installment Period**Same Day 180 Days 360 Days 180 Days 180 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.

Application Process
Step 1: The Corporation also collects/fills up loan applications in credit camps, Open Darbars and other functions organized under the supervision of Deputy Commissioners/Additional Deputy Commissioners.
Offline

The Corporation also collects/fills up loan applications in credit camps, Open Darbars and other functions organized under the supervision of Deputy Commissioners/Additional Deputy Commissioners.

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 is eligible for this scheme?
A: Residents of Haryana who belong to the Scheduled Caste category and Below Poverty Line (BPL) families with an annual income not exceeding ₹1,80,000/-.

Q: What is the maximum loan amount provided under this scheme?
A: The scheme offers loan assistance of up to ₹1,50,000/-.

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

Q: How is the loan amount disbursed?
A: The composite loan, which includes the subsidy and the balance amount of the bank loan, is provided by the banks to the seller of the assets on behalf of the beneficiaries.

Q: Can urban residents apply for this scheme?
A: Yes, both rural and urban residents who meet the eligibility criteria can apply.

Q: What is the source of funding for this scheme?
A: The funding is provided by banks in collaboration with HSFDC.

Q: Is there any interest rate applicable on the loan?
A: The interest rate of 4% is applicable on the loan.

Q: How can I apply for this scheme?
A: You can apply by visiting 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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