Subsidized Scheme for Widows: Haryana Women Development Corporation

Description
The scheme "Subsidized Scheme for Widows" by the Women & Child Development Department, Haryana Government, aims to provide financial assistance to Haryana-domiciled widows, divorced, and Legally Separated Women. Through this scheme, a subsidy on the total loan is provided. The scheme is covered without collateral security by the bank. The scheme is implemented by the Haryana Women Development Corporation.

Exclusions
• No subsidy for interest accrued on a delayed period will be allowed in case of default of payment of EMI.

Benefits
• A 25% flat subsidy, subject to a maximum of ₹50,000/-, will be provided on the total loan (not as a capital subsidy).
• The beneficiary's share is 10% of the total loan.
• The maximum loan limit is ₹3,00,000/-.
• The scheme will be covered under without collateral security by the bank.
• The balance amount will be covered from commercial/nationalised banks.

Eligibility Criteria
1. The applicant must be a Haryana-domiciled widow, divorced, or a legally separated Woman.
2. The applicant's annual income should not exceed ₹3,00,000/- per annum.
3. The age of the prospective beneficiary should be between 18 and 55 years at the time of applying for the loan.
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Required Documents
• Bank Account Statement
• Family ID/PPP (Parivar Pahchan Patra)
• Domicile Certificate/Haryana Residence Certificate
• Interest Subvention Document
• Photograph of the Applicant
• Husband Death Certificate (for widows)
• Divorce Legal Paper (for divorced women)
• Legally Separated Document (for legally separated women)

Frequently Asked Questions
Q: What is the objective of this scheme by the Women & Child Development Department, Haryana?
A: This scheme aims to provide financial assistance to Haryana-domiciled widows, Divorced, and Legally Separated Women. It offers a subsidy on loans to help beneficiaries.
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Q: What is the age limit for beneficiaries applying for this loan scheme?
A: The age of the prospective beneficiary should be between 18 and 55 years at the time of applying for the loan.
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Q: What kind of women are considered "legally separated" for the purpose of this scheme?
A: The scheme includes women who are legally separated, as long as they meet the other eligibility criteria. Specific legal definitions are not provided within the document.
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Q: Is the subsidy a capital subsidy?
A: No, the 25% flat subsidy is not provided as a capital subsidy.
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Q: Do I need to provide any collateral security for the loan under this scheme?
A: No, this scheme will cover loans without collateral security from the bank.
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Q: Which banks will disburse the balance of the loan?
A: The balance of the loan will be disbursed from commercial/nationalised banks.
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Q: What documents are required to apply for this scheme if I am a widow?
A: You will need your Bank Account Statement, Family ID/PPP, Domicile Certificate/Haryana Residence Certificate, Interest Subvention Document, Photograph of the applicant, and Husband Death Certificate.
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Q: What documents are needed if I am a divorced woman?
A: You will need your Bank Account Statement, Family ID/PPP, Domicile Certificate/Haryana Residence Certificate, Interest Subvention Document, Photograph of the applicant, and Divorce Legal Paper.
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Q: What documents do I need if I am a legally separated woman?
A: You will need your Bank Account Statement, Family ID/PPP, Domicile Certificate/Haryana Residence Certificate, Interest Subvention Document, Photograph of the applicant, and Legally Separated Document.
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Q: What happens if I default on my EMI payments?
A: No subsidy for interest accrued on a delayed period will be allowed in case of default of payment of EMI.
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Q: Is there a period before I have to start repaying the loan?
A: Yes, the moratorium period will be three months after the disbursement of the loan.
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Q: Can I apply if I am not domiciled in Haryana?
A: No, only Haryana Domiciled Widows, Divorced, and Legally Separated Women are eligible.
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Q: Will the bank provide the entire loan amount, or do I need to contribute?
A: You need to contribute 10% of the total loan as beneficiary share, and the balance will be from commercial/nationalised banks.
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