Trade and Business Sector Scheme (HSFDC)
in Haryana
Last updated:
Trade and Business Sector Scheme (HSFDC) in Haryana
Trade and Business Sector Scheme (HSFDC) is a government scheme available to eligible residents of Haryana.
Apply for Trade and Business Sector Scheme (HSFDC) in Haryana
Scheme 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.
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's annual family income should not exceed ₹1,80,000/- in both rural and urban areas.
The applicant's annual family income should not exceed the BPL limit.
The applicant'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 |
Common questions in Haryana
Who can apply for Trade and Business Sector Scheme (HSFDC) in Haryana?
Eligible residents of Haryana who meet the scheme’s overall criteria can apply for Trade and Business Sector Scheme (HSFDC). Refer to the eligibility section above for the complete checklist.
What documents are required for Trade and Business Sector Scheme (HSFDC) in Haryana?
Applicants in Haryana typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with bank tie-up schemes.