AI SummaryProfessional and Self Employment Scheme (HSFDC) offers loan and subsidy support to individuals from Below Poverty Line (BPL) families in Haryana who want to set up a professional practice or a self-employment venture. Haryana Scheduled Castes Finance and Development Corporation (HSFDC) runs the scheme for families whose annual income stays within ₹1,80,000.
Scheme has been closed or it was a one time scheme which has been closed by the government.
The scheme covers fields like medical, law, and chartered accountancy. It helps eligible candidates get the capital needed to start or expand their own business, so they can become financially independent. HSFDC works with partner banks to provide the funding for these ventures.
Professional and Self Employment Scheme - Introduction
Professional and Self Employment Scheme (HSFDC) acts as a support for people from BPL families living in rural and urban areas of Haryana. It offers financial help in the form of loans and subsidies to start a professional practice in law, medical, or chartered accountancy.
Haryana Scheduled Castes Finance and Development Corporation (HSFDC) is a government-owned body set up in 1971. It works to help eligible candidates get the capital they need to turn their professional plans into reality. If the family income is ₹1,80,000 or less per year, the scheme offers a meaningful path toward self-reliance.
Key Information
| Scheme Name | Professional and Self Employment Scheme (HSFDC) |
|---|---|
| Level | State |
| Scheme For | Individual |
| Beneficiary State | Haryana |
| Category | Banking, Financial Services and Insurance, Business and Entrepreneurship |
| Target Beneficiaries | Individuals from Scheduled Caste BPL families |
| Sub Category | Loan, Start-up |
| Benefit Type | Cash |
| DBT Scheme | No |
| Nodal Department | Welfare of Scheduled Caste and Backward Classes Department |
| Implementing Agency | Haryana Scheduled Castes Finance and Development Corporation |
Benefits
The scheme provides a financial boost through a mix of subsidy and low-interest loans. For example, if a candidate qualifies, support is available for a project cost up to ₹1,50,000.
| Particulars | Details |
|---|---|
| Project Cost Ceiling | Up to ₹1,50,000 |
| Subsidy | 50% of total project cost (Maximum ₹10,000) |
| Margin Money | 10% of project cost at 4% interest per annum |
Note: Banks provide the remaining balance of the project cost as a loan according to their lending policies. HSFDC applies an interest rate of 4% per annum on the margin money portion, with specific recovery norms for installments and timelines.
Eligibility
The following conditions decide who can apply for the scheme:
- The candidate should be a permanent resident of Haryana.
- The candidate should belong to the Scheduled Caste category.
- The family must be classified as Below Poverty Line (BPL).
- The total annual family income should not exceed ₹1,80,000.
- The name must appear in the official BPL Survey List.
Before the application goes to the bank, field staff will check the eligibility to make sure everything is in order.
Application Process
STEP 1 - Visit the official HSFDC application portal and select the bank tie-up section.
STEP 2 - Click on Apply for Loan to start the registration.
STEP 3 - Enter basic details including the Aadhaar number, mobile number, and email.
STEP 4 - Verify the registration through the OTP sent to the mobile phone.
STEP 5 - Once logged in, fill in the profile, provide surety details, and upload the documents.
STEP 6 - Review the application and click Final Submit. Keep a printed copy of the application for records.
For the offline process, candidates can visit credit camps, Open Darbars, or other official functions organized by the local Deputy Commissioner or Additional Deputy Commissioner to submit the application directly.
Documents
Keep the following documents ready before applying:
- Aadhaar Card
- Recent passport-size photograph
- Ration Card or Voter ID
- Scheduled Caste certificate
- BPL proof document
- Income certificate
References
Official Website | Application Portal | HSFDC Official Details
FAQ's
Who manages the implementation of Professional and Self Employment Scheme?
Haryana Scheduled Castes Finance and Development Corporation (HSFDC) manages the scheme in coordination with partner banks.
What is the maximum investment cost covered under this scheme?
The scheme supports projects with a total cost ceiling of up to ₹1,50,000.
How much subsidy can an applicant expect to receive?
An applicant can receive a subsidy of 50% of the project cost, subject to a maximum cap of ₹10,000.
How is the margin money part handled?
The Corporation provides margin money equal to 10% of the project cost at a subsidized interest rate of 4% per annum.
Can urban residents apply for this financial aid?
Yes, both rural and urban residents of Haryana who meet the BPL criteria can apply for this scheme.
What if a candidate is not from the Scheduled Caste category?
This specific scheme is reserved exclusively for individuals belonging to the Scheduled Caste category.
How is the application verified?
Once the form is submitted, designated field staff conduct a verification process before forwarding the file to the bank for sanction.