Term Loan under NSKFDC- Haryana

Description
The scheme "Term Loan 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, loans are provided to Safai Karamcharis and their dependents for any viable income-generating activities with a maximum cost of up to ₹15,00,000/- per beneficiary. These income-generating activities include auto repair and spare parts shops, electrical goods workshops, leather footwear manufacturing units, beauty parlors, welding works, carpentry, photography, grocery shops, sanitary supply stores, ready-made garments, cyber cafes, band parties, tent houses, etc. The beneficiary should be between 18 and 55 years of age and should be either Safai Karamchari or his/her dependent.

Exclusions
• <br>

Benefits
• **Project Cost Ceiling:**
• The Corporation (HSFDC), in collaboration with NSKFDC, provides loans of up to ₹15,00,000/- per beneficiary for various self-employment income-generating activities.
• The beneficiaries can avail loans ranging from ₹10,000 to ₹15,00,000/-.
• **Note:** The income-generating activities include auto repair and spare parts shops, electrical goods workshops, leather footwear manufacturing units, beauty parlors, welding works, carpentry, photography, grocery shops, sanitary supply stores, ready-made garments, cyber cafes, band parties, tent houses, etc.
• **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.
• &gt; **Interest criteria for the loan amount recoverable by HSFDC:**
• **Upto Amount (₹)****Interest % P.A.****Penal Interest % P.A.**15,00,000/-64<br>
• **Interest Starts on****Penalty Start After****Principal Recovery Starts After****Installment Starts After****Installment Period**Same Day30 Days120 Days120 Days30 Days

Eligibility Criteria
1. The applicant should be a permanent resident of Haryana.
2. The applicant&amp;#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
• Adequate Qualification and Experience Documents
• Project Report (Above ₹1,00,000/-)
• Ration Card
• Safai Karamchari or Dependent of Safai Karamchari Certificate issued by competent authority
• Two-year-old valid Driving Licence in case of vehicle loan
• Any other documents as required

Frequently Asked Questions
Q: Who implements the 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: What is the maximum loan amount per beneficiary under the scheme?
A: The maximum loan amount is [?]15,00,000 per beneficiary.

Q: What types of income-generating activities are covered under the scheme?
A: Activities include auto repair and spare parts shops, electrical goods workshops, leather footwear manufacturing units, beauty parlors, welding works, carpentry, photography, grocery shops, sanitary supply stores, ready-made garments, cyber cafes, band parties, tent houses, etc.

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

Q: Who is eligible to apply for the loan?
A: The applicant should be a permanent resident of Haryana and either a Safai Karamchari or their dependent.

Q: Is there an income limit for applicants?
A: No, there is no income limit for applicants.

Q: What is the range of loans that beneficiaries can avail?
A: Beneficiaries can avail loans ranging from [?]10,000 to [?]15,00,000.

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 for beneficiaries living below the poverty line.

Q: What is margin money in this scheme?
A: The Corporation provides margin money at 10% of the project cost.

Q: How to apply for the loan?
A: Eligible applicants can apply online through the Antyodaya-SARAL Portal or visit the official HSFDC website.

Q: What happens after submitting the loan application?
A: The applications are scrutinized and verified by District Managers. Eligible applications are then sent to NSKFDC for loan sanction.