Trade and Business Sector Scheme (HSFDC)
Welfare of Scheduled Caste & Backward Classes Department
Last updated:
Overview
Under this scheme, the Corporation provides loans/benefits to individuals from BPL families, whose annual family income does not exceed ₹1,80,000/-, in both rural & urban areas for various self-employment income-generating activities such as running a stationery shop, kiryana shop, cloth shop, etc.
Details
The scheme "Trade and Business Sector" 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/benefits 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 various self-employment income-generating activities such as running a stationery shop, kiryana shop, cloth shop, tea shop, auto repair shop, kabadi shop, fruit shop, beauty parlour, tent house, band party, or any other viable activities.
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/-)
• **Margin Money:**
• The Corporation provides margin money @ 10% of the project cost.
• Margin money is provided @ 4% interest per annum.
• The interest on bank loans is charged by the banks at their lending policies.
• **Bank Loan:**
• Besides subsidy and margin money, the composite loan i.e. subsidy and margin money, and the balance amount of the bank loan is provided by the banks to the seller of the assets on behalf of the beneficiaries.
• > **Interest criteria for the loan amount recoverable by HSFDC:**
• **Upto Amount (₹)****Interest % P.A.****Penal Interest % P.A.**15,000/- 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&#39;s annual family income should not exceed ₹1,80,000/- in both rural and urban areas.
5. The applicant&#39;s annual family income should not exceed the BPL limit.
6. The applicant&#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 bank for sanction.
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 implements the "Trade and Business Sector" scheme?
A: The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with bank tie-up schemes.
Q: What is the maximum project cost under the scheme?
A: The project cost ceiling is up to ₹1,50,000/-.
Q: What are the income-generating activities supported by this scheme?
A: The scheme supports activities such as running a stationery shop, kiryana shop, cloth shop, tea shop, auto repair shop, kabadi shop, fruit shop, beauty parlour, tent house, band party, or any other viable activities.
Q: Is the scheme available to non-scheduled caste individuals?
A: No, the scheme is specifically designed for individuals belonging to the Scheduled Caste category.
Q: How much subsidy is provided under the scheme?
A: A subsidy of 50% of the total project cost is provided, with a maximum amount of ₹10,000/-.
Q: What is margin money and how is it provided?
A: Margin money is provided at 10% of the project cost at an interest rate of 4% per annum.
Q: Who is eligible for the scheme?
A: Eligibility criteria include being a resident of Haryana, belonging to the Scheduled Caste Category, being part of a Below Poverty Line (BPL) family, and having an annual family income not exceeding ₹1,80,000/-.
Q: What is the income limit for eligibility under this scheme?
A: The applicant's annual family income should not exceed ₹1,80,000/- in both rural and urban areas.
Q: What verification is required for the eligibility of the applicant?
A: The eligibility of the applicant is verified by field staff before sponsoring the application to the bank for sanction.
Q: How can one apply for the scheme?
A: Applicants can visit the official website of Haryana Scheduled Castes Finance and Development Corporation at [https://hscfdc.org.in/appreg](https://hscfdc.org.in/appreg) to apply.
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Q: Can applicants from urban areas apply for this scheme?
A: Yes, applicants from both rural and urban areas can apply, provided they meet the eligibility criteria.
Eligibility Criteria
The applicant should be a resident of Haryana.
The applicant should belong to the Scheduled Caste Category.
The applicant should belong to the Below Poverty Line (BPL) family.
The applicant&#39;s annual family income should not exceed ₹1,80,000/- in both rural and urban areas.
The applicant&#39;s annual family income should not exceed the BPL limit.
The applicant&#39;s name should be included in the BPL Survey List.
Note: The eligibility of the applicant is verified by the field staff before sponsoring the same to bank for sanction.
Benefits
**Project Cost Ceiling:**
Up to ₹1,50,000/-.
**Subsidy:**
Subsidy @ 50% of the total project cost (Maximum amount of subsidy is ₹10,000/-)
**Margin Money:**
The Corporation provides margin money @ 10% of the project cost.
Margin money is provided @ 4% interest per annum.
The interest on bank loans is charged by the banks at their lending policies.
**Bank Loan:**
Besides subsidy and margin money, the composite loan i.e. subsidy and margin money, and the balance amount of the bank loan is provided by the banks to the seller of the assets on behalf of the beneficiaries.
> **Interest criteria for the loan amount recoverable by HSFDC:**
**Upto Amount (₹)****Interest % P.A.****Penal Interest % P.A.**15,000/- 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
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card |
| 2 | Passport-size photograph |
| 3 | Ration Card |
| 4 | Voter Card or any valid identity proof |
| 5 | Scheduled Caste Certificate |
| 6 | BPL Card/document proof |
| 7 | Proof of income |
| 8 | 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 bank tie-up schemes.