Term Loan Scheme- Credit Line 1 for Minority Community

Description
The scheme "Term Loan Scheme- Credit Line 1 for Minority Community" is implemented by the Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam, Government of Haryana. Under this scheme, loans of up to ₹20,00,000/- are provided at a concessional interest rate to individuals from minority communities to enhance their employability. This applies to those with an annual family income of up to ₹98,000/- in rural areas and ₹1,20,000/- in urban areas. Applicants must be permanent residents of Haryana and belong to minority communities, including Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains.

Benefits
• Under the scheme, Nigam provides loans of up to ₹20,00,000/- at a concessional interest rate to individuals from minority communities to enhance their employability.

Eligibility Criteria
1. The applicant should be a permanent resident of Haryana.
2. The age of the applicant should be between 18 and 55 years.
3. The annual family income of the applicant should not exceed ₹98,000/- (Rural Area) and ₹1,20,000/- (Urban Area).
4. The applicant should belong to a minority community, i.e., Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains.
5. The applicant should have a Parivar Pehchan Patra (PPP ID).

Required Documents
• Identity/Citizenship proof i.e. Aadhaar Card
• Proof of age
• Resident Proof/Address Proof/Ownership Proof i.e. Haryana Domicile Certificate
• Caste/Religion/Community Proof
• Parivar Pehchan Patra (PPP ID)
• Copy of PAN Card
• Passport-size photograph of the applicant
• Bank account details
• Any other documents as required

Frequently Asked Questions
Q: What is the maximum loan amount available under this scheme?
A: Loans of up to [?]20,00,000/- are provided under this scheme.

Q: What are the minority communities recognized under this scheme?
A: Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains.

Q: What is the age limit for applicants?
A: Applicants should be between 18 and 55 years of age.

Q: What is the income eligibility criteria for rural areas?
A: The annual family income should not exceed [?]98,000/- in rural areas.

Q: What is the income eligibility criteria for urban areas?
A: The annual family income should not exceed [?]1,20,000/- in urban areas.

Q: Do applicants need to be permanent residents of Haryana?
A: Yes, applicants must be permanent residents of Haryana.

Q: How can one apply for this loan?
A: Eligible applicants can apply online through the Antyodaya-SARAL Portal (https://saralharyana.gov.in/).

Q: Can applications be tracked online?
A: Yes, applicants can track their applications through the Antyodaya-SARAL Portal (https://status.saralharyana.nic.in/) by entering the Department Name, Scheme Name, and Application Reference ID.