Sarkari Yojana
Bank Tie-Up Scheme
About Bank Tie-Up Scheme
Under the “Bank Tie-Up Scheme”, the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC) helps beneficiaries get bank loans and itself pays a subsidy on them. Scheduled Caste permanent residents of Punjab who are Below Poverty Line qualify. The scheme is fully (100%) State Sponsored and open only to permanent residents of the state of Punjab.
Scheme Overview
State Government
Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC)
Individual
Scheme Details
Eligibility Requirements
To qualify for Bank Tie-Up Scheme, applicants must satisfy the following conditions:
Applicants must hold Indian citizenship
Applicants must hold Indian citizenship.
Applicants must be domiciled in, or permanent residents…
Applicants must be domiciled in, or permanent residents of, the state of Punjab.
Applicants must be Below Poverty Line (BPL)
Applicants must be Below Poverty Line (BPL).
Applicants must belong to the Scheduled Caste category
Applicants must belong to the Scheduled Caste category.
Total annual family income (from all sources) must…
Total annual family income (from all sources) must be ₹ 67,649/- per annum in rural areas; ₹ 88,756/- per annum in urban areas.
Applicants must not already be benefiting from this…
Applicants must not already be benefiting from this scheme.
Documents Required
Applicants should keep the following documents ready before starting the application:
The application form, attested by the competent Authority
The application form, attested by the competent Authority.
Certificate of residence or domicile in the State…
Certificate of residence or domicile in the State of Punjab.
Certificate of caste
Certificate of caste.
Valuation certificate for the property being mortgaged
Valuation certificate for the property being mortgaged.
A map of that property
A map of that property.
Farad Zama Bandi (land record extract)
Farad Zama Bandi (land record extract).
Copy of the registry, where the property was…
Copy of the registry, where the property was bought by the applicant.
An affidavit concerning the loan
An affidavit concerning the loan.
Three passport-sized photographs, signed across
Three passport-sized photographs, signed across.
For Service Surety cases, an Employer Certificate, Salary…
For Service Surety cases, an Employer Certificate, Salary Certificate and Surety Bond.
Aadhaar identity card
Aadhaar identity card.
Bank account particulars (Bank Name, Branch Name, Address,…
Bank account particulars (Bank Name, Branch Name, Address, IFSC, etc).
Certificate of income
Certificate of income.
How to Apply
Offline Application
Applicants can apply for Bank Tie-Up Scheme through the offline application process outlined below.
Print the application form formats (Bank Tie-Up Form-I,…
Print the application form formats (Bank Tie-Up Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC). Blank forms can also be obtained free at the District Offices.
Complete all mandatory fields, attach a passport-sized photograph…
Complete all mandatory fields, attach a passport-sized photograph (signed across it), and enclose all required documents (self-attested).
Hand in the completed and signed form with…
Hand in the completed and signed form with the documents at the District Office.
Collect a receipt/acknowledgment from the District Office confirming…
Collect a receipt/acknowledgment from the District Office confirming the application was submitted. Post-Application Processes:
The District Manager forwards the application to the…
The District Manager forwards the application to the relevant bank branch for joint verification.
The banks sanction the cases and claim the…
The banks sanction the cases and claim the subsidy.
The cases then go to the District level…
The cases then go to the District level committee headed by the ADC.
Banks release the loan, together with the subsidy,…
Banks release the loan, together with the subsidy, to the beneficiaries.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.