AI SummaryIndustrial Sector Scheme (HSFDC) supports entrepreneurs from BPL families in Haryana by providing accessible loans for self-employment ventures. If you belong to the Scheduled Caste community and have an annual family income of up to ₹1,80,000, you can use this scheme to fund trades like carpentry, leather goods manufacturing, and local workshops.
Scheme has been closed or it was a one time scheme which has been closed by the government.
Industrial Sector Scheme (HSFDC) - Introduction
Industrial Sector Scheme (HSFDC) helps individuals from BPL families by offering financial support for different income-generating activities. Whether you live in a rural area or an urban setting, you can seek support for trades like carpentry, leatherwork, welding, flour milling, soap making, and more.
Haryana Scheduled Castes Finance and Development Corporation (HSFDC) administers this program. Established in 1971 as a government-owned corporation, HSFDC works with banks to make sure you get the financial backing needed to start your own business. It is a dedicated effort to help you build a sustainable livelihood.
Key Information
| Scheme Name | Industrial Sector Scheme (HSFDC) |
| Level | State |
| Target Beneficiaries | Individuals from Scheduled Caste BPL families |
| Beneficiary State | Haryana |
| Category | Banking, Financial Services, Business and Entrepreneurship |
| Benefit Type | Cash Loan and Subsidy |
| Nodal Department | Welfare of Scheduled Caste and Backward Classes Department |
| Implementing Agency | Haryana Scheduled Castes Finance and Development Corporation |
Benefits
This scheme provides a strong financial framework to help you set up your business. The total project cost is capped at ₹1,50,000.
Financial Perks:
| Type | Benefit Details |
|---|---|
| Subsidy | 50% of the total project cost (Max ₹10,000) |
| Margin Money | 10% of project cost at 4% annual interest |
| Bank Loan | Balance amount provided by bank at their lending policy rates |
Loan Recovery and Interest:
| Loan Amount | Interest % per annum | Penal Interest % per annum |
|---|---|---|
| Up to ₹15,000 | 4% | 4% |
Eligibility
To qualify for Industrial Sector Scheme (HSFDC), you should meet the following requirements:
- you should reside in Haryana.
- you should belong to the Scheduled Caste category.
- you should be part of a BPL family.
- your annual family income should not exceed ₹1,80,000.
- your name should appear in the BPL survey list.
For example, if Ramesh, a resident of Haryana belonging to a Scheduled Caste, has a family income lower than ₹1,80,000 and is listed in the BPL survey, he is eligible to apply. Before your file reaches the bank, field staff will verify your details.
Application Process
You can apply for the scheme easily through online or offline channels.
Online Application Process
STEP 1 - Visit the official website and navigate to the Bank Tie-up Scheme section.
STEP 2 - Select the option to Apply for Loan.
STEP 3 - Register by entering your name, Aadhaar number, email, and mobile number. Validate your entry using the OTP sent to your phone.
STEP 4 - Complete the application form by providing your project details and uploading requested documents.
STEP 5 - Submit the form to receive your user-specific ID and password.
STEP 6 - Log back in to the dashboard using these credentials, upload surety details, and perform a Final Submit.
Offline Application Process
You should visit local credit camps, Open Darbars, or other official functions arranged by your local Deputy Commissioner or Additional Deputy Commissioner to submit your application in person.
Documents
Keep these documents ready for your application:
- Aadhaar Card
- Passport-size photograph
- Ration Card
- Voter ID or valid identity proof
- Scheduled Caste Certificate
- BPL proof document
- Income proof documentation
References
Official Website | Registration Link
FAQ's
Who implements the Scheme?
Haryana Scheduled Castes Finance and Development Corporation (HSFDC) implements this scheme in collaboration with various partner banks.
Who is eligible for the loan under this scheme?
Individuals from Scheduled Caste BPL families living in Haryana with an annual income below ₹1,80,000 are eligible.
What types of trades are covered?
You can seek support for trades like carpentry, leather goods manufacturing, handloom, flour milling, welding, soap making, and other viable businesses.
What is the project cost ceiling?
The maximum project cost covered under this scheme is ₹1,50,000.
Is there a subsidy available?
Yes, you get a subsidy of 50% of the project cost, capped at ₹10,000.
What is the margin money?
The Corporation provides 10% of the project cost as margin money at a competitive interest rate of 4% per annum.
How is the bank interaction managed?
Banks provide the balance amount of your loan after accounting for the subsidy and margin money provided by the Corporation.
How is eligibility verified?
Before your application goes to the bank for sanction, field staff will visit or call to verify your details.