Delhi government runs Self Employment Loan Scheme through Delhi govt.'s SC/ST/OBC/Minorities and Handicapped Finance and Development Corporation Ltd (DSFDC) to give term loans of up to ₹5 lakh for buying commercial vehicles and battery operated e-rickshaws. Unemployed youth from Scheduled Castes, Other Backward Classes, Minority communities and Safai Karamchari families, aged between 18 and 45 years, can apply for this loan and become self employed.
This scheme is officially called Transport Loan Scheme and it runs under DSFDC. Application forms are free of cost and available at DSFDC head office in Rohini plus its branch offices across Delhi, and can also be downloaded from the official DSFDC website.
Delhi Self Employment Loan Scheme Application Form
People who want to apply for a vehicle loan under this scheme need to follow a set process at DSFDC office. Steps below explain how to fill and submit the application form.
STEP 1 - Visit DSFDC head office at Ambedkar Bhawan, Sector 16, Rohini, or any of its branch offices, and collect the application form. Or download the form and proforma affidavit from official website dsfdc.delhi.gov.in under Loan Schemes and Application Forms section.
STEP 2 - Fill the form completely and sign it. Attach five passport size photos, copy of Voter ID card, Ration card and Aadhaar card, age proof, and copy of valid commercial driving licence and badge (LMV).
STEP 3 - Get income certificate from area SDM (needed for SC, OBC and Minority category) and caste certificate for SC/OBC applicants, or an affidavit for Minority category. Attach vehicle quotation and a demand draft of ₹350 in favour of DSFDC towards processing fee.
STEP 4 - Submit the complete form with all documents at branch office. Once loan gets approved, complete post sanction formalities like submitting guarantor documents, postdated cheques and insurance copies of Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana before loan amount is released.
Loan Amount and Repayment
DSFDC gives term loan of up to ₹5 lakh under this scheme for light motor vehicles, including battery operated e-rickshaws. Loan has to be repaid in 60 monthly instalments spread over five years, and applicants get a moratorium period of six months before first instalment is due.
Delhi Self Employment Loan Scheme Eligibility Criteria
Below is complete eligibility criteria to get loan under this scheme for commercial vehicles and e-rickshaws.
- Applicant age should be between 18 to 45 years at the time of applying for the loan.
- Applicant must be permanent resident of Delhi and hold Ration card or Voter ID card. Aadhaar card is compulsory for everyone.
- Applicant should hold a valid commercial driving licence and badge (LMV) in their own name.
- Annual family income from all sources should not cross ₹1.20 lakh for SC, OBC and Minority category applicants. For creamy layer of Minority category, income limit goes up to ₹6 lakh per year. Safai Karamchari category has no income limit.
- Applicant should not already be a defaulter under any DSFDC scheme, nationalised bank, financial institution or co-operative bank loan.
Documents Required
Along with filled application form, applicants need to submit certain documents so DSFDC office can process the loan without delay.
- Five passport size photographs and copy of Voter ID, Ration card and Aadhaar card of applicant.
- Age proof, valid commercial licence and badge (LMV), and quotation of vehicle to be purchased.
- Income certificate from area SDM, caste certificate for SC/OBC category or affidavit for Minority category, and affidavit declaring no loan taken from any bank or institution earlier.
After loan approval, guarantor's documents such as photographs, salary slip, ID proof and postdated cheques are also required to complete the process.
DSFDC Office Addresses
Application form and documents can be submitted at DSFDC head office or any of its branch offices in Delhi, listed below.
- Head office - Ambedkar Bhawan, Sector 16, Rohini, Delhi.
- Central zone branch - Raj Pur Road, Delhi.
- West zone branch - A 33-38, B block, Lal Building, Mongolpuri, Delhi.
- East zone branch - A-block, 1st floor, Bunkar Complex, near Gagan Cinema, Nand Nagri, Delhi.
| Detail | Information |
|---|---|
| Scheme Name | Self Employment Loan Scheme (Transport Loan Scheme) |
| Launched By | Delhi SC/ST/OBC/Minorities and Handicapped Finance and Development Corporation Ltd (DSFDC) |
| Eligible People | SC, OBC, Minority and Safai Karamchari youth aged 18 to 45 years |
| Loan Amount | Up to ₹5 lakh |
| Repayment | 60 monthly instalments over 5 years, with 6 months moratorium |
| Application Mode | Offline, at DSFDC head office or branch offices |
| Processing Fee | ₹350 demand draft in favour of DSFDC |
| Official Website | dsfdc.delhi.gov.in |
People looking for other self employment support can also check PM Mudra Loan Scheme for business loans without collateral, or Rajiv Gandhi Swavlamban Rojgar Yojana for another Delhi government loan option. Full list of state schemes is available on Delhi Government Schemes List page.
FAQ's
What is maximum loan amount under Delhi Self Employment Loan Scheme?
Applicants can get a term loan up to ₹5 lakh to purchase a commercial vehicle or battery operated e-rickshaw under this scheme.
Can this loan application be submitted online?
No, application form has to be submitted offline at DSFDC head office or its branch offices in Delhi, along with required documents and processing fee.
What is repayment period for this loan?
Loan amount has to be repaid in 60 monthly instalments across five years, with a moratorium period of six months before repayment starts.
Is there any income limit for Safai Karamchari category?
No, there is no income limit for Safai Karamchari category applicants under this scheme, unlike SC, OBC and Minority categories which have a ₹1.20 lakh annual income limit.
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