Micro Credit Finance under NSKFDC- Haryana
Welfare of Scheduled Caste & Backward Classes Department
Last updated:
Overview
Under this scheme, loan is provided to Safai Karamchari and their dependents for projects with a maximum cost up to ₹1,00,000/- per beneficiaries for small and petty trade/business and various income generating activities.
Details
The scheme "Micro Credit Finance under NSKFDC" is implemented by the Haryana Scheduled Castes Finance and Development Corporation HSFDC in collaboration with the National Safai Karamcharis Finance & Development Corporation NSKFDC . 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 loan is provided to Safai Karamchari and their dependents for projects with a maximum cost of up to ₹1,00,000/- per beneficiary for small and petty trade/business and various income-generating activities. The beneficiary should be between 18 and 55 years of age and should be either Safai Karamchari or his/her dependent, and permanent Safai Karamchari means a person engaged in, or employed for any sanitation work and includes his dependents.
Exclusions
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Benefits
• **Project Cost Ceiling:**
• The Corporation (HSFDC), in collaboration with NSKFDC, provides loans of up to ₹1,00,000/- per beneficiary for small and petty trade/business and various self-employment income-generating activities.
• **Margin Money:**
• • The Corporation provides margin money @ 10% of the project cost.
• **Subsidy:**
• The corporation provides a subsidy @ 50% of the total project cost (Maximum subsidy amount is ₹10,000/-).
• **Note:** The subsidy is only provided to the beneficiary below the poverty line.
• > **Interest criteria for the loan amount recoverable by HSFDC:**
• Upto Amount (₹)Interest % P.A.Penal Interest % P.A.1,00,000/-54<br>
• **Interest Starts on****Penalty Start After****Principal Recovery Starts After****Installment Starts After****Installment Period**Same Day30 Days120 Days120 Days 30 Days
Eligibility Criteria
1. The applicant should be a permanent resident of Haryana.
2. The applicant&#39;s age should be between 18 and 55 years.
3. There is no income limit.
4. The applicant should be either Safai Karamchari or his/her dependent.
5. **Note 1:** Permanent Safai Karamchari means a person engaged in, or employed for any sanitation work and includes his/her dependents.
6. **Note 2:** The applicant shall have to produce a Certificate of Safai Karamchari or dependent of Safai Karamchari from the Head of the Government Departments (i.e. School, Colleges, Forest, Health, Education, Animal Husbandry having rank not less than Gazetted Officer), elected members of Municipal Body/ Corporation and Pradhan of Gram Panchayats, Local Revenue Officer or an Officer of Local Municipal Office, or Cantonment Executive Officer of the Cantonment or an officer of the Railways not below the rank of gazette officer.
Required Documents
• Aadhaar Card
• Ration Card
• Safai Karamchari or dependent of Safai Karamchari Certificate issued by the competent authority
• Any other documents as required
Frequently Asked Questions
Q: Who implements the Micro Credit Finance scheme?
A: The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the National Safai Karamcharis Finance & Development Corporation (NSKFDC).
Q: When was the HSFDC established?
A: HSFDC was established on January 2, 1971.
Q: Who is eligible for the loan under this scheme?
A: Permanent residents of Haryana aged between 18 and 55 who are either Safai Karamcharis or their dependents.
Q: What is the maximum loan amount provided under this scheme?
A: The maximum loan amount is [?]1,00,000 per beneficiary.
Q: What types of activities can the loan be used for?
A: The loan can be used for small trades, businesses, and various income-generating activities.
Q: Is there a margin money requirement for the loan?
A: Yes, the corporation provides margin money at 10% of the project cost.
Q: Is there a subsidy provided under this scheme?
A: Yes, a subsidy of 50% of the total project cost, up to a maximum of [?]10,000, is provided to beneficiaries living below the poverty line.
Q: Is there an income limit for applicants?
A: No, there is no income limit for applicants.
Q: How can one apply for the loan?
A: Applicants can apply online through the official HSFDC website or the Antyodaya-SARAL Portal.
Q: What is the process after applying for the loan?
A: Applications are scrutinized and verified by District Managers. Eligible cases are sent to NSKFDC for loan sanction, followed by the issuance of the requisite sanction.
Q: What does 'permanent Safai Karamchari' mean?
A: It refers to a person engaged in or employed for sanitation work, including their dependents.
Eligibility Criteria
The applicant should be a permanent resident of Haryana.
The applicant&#39;s age should be between 18 and 55 years.
There is no income limit.
The applicant should be either Safai Karamchari or his/her dependent.
**Note 1:** Permanent Safai Karamchari means a person engaged in, or employed for any sanitation work and includes his/her dependents.
**Note 2:** The applicant shall have to produce a Certificate of Safai Karamchari or dependent of Safai Karamchari from the Head of the Government Departments (i.e. School, Colleges, Forest, Health, Education, Animal Husbandry having rank not less than Gazetted Officer), elected members of Municipal Body/ Corporation and Pradhan of Gram Panchayats, Local Revenue Officer or an Officer of Local Municipal Office, or Cantonment Executive Officer of the Cantonment or an officer of the Railways not below the rank of gazette officer.
Benefits
**Project Cost Ceiling:**
The Corporation (HSFDC), in collaboration with NSKFDC, provides loans of up to ₹1,00,000/- per beneficiary for small and petty trade/business and various self-employment income-generating activities.
**Margin Money:**
• The Corporation provides margin money @ 10% of the project cost.
**Subsidy:**
The corporation provides a subsidy @ 50% of the total project cost (Maximum subsidy amount is ₹10,000/-).
**Note:** The subsidy is only provided to the beneficiary below the poverty line.
> **Interest criteria for the loan amount recoverable by HSFDC:**
Upto Amount (₹)Interest % P.A.Penal Interest % P.A.1,00,000/-54<br>
**Interest Starts on****Penalty Start After****Principal Recovery Starts After****Installment Starts After****Installment Period**Same Day30 Days120 Days120 Days 30 Days
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card |
| 2 | Ration Card |
| 3 | Safai Karamchari or dependent of Safai Karamchari Certificate issued by the competent authority |
| 4 | Any other documents as required |
Frequently Asked Questions
The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the National Safai Karamcharis Finance & Development Corporation (NSKFDC).