Sarkari Yojana
Big Loan Scheme
About Big Loan Scheme
Offered by the Delhi Scheduled Castes/Other Backward Classes/Minorities & Handicapped Finance and Development Corporation Limited (DSFDC), Government of National Capital Territory (GNCT) of Delhi, the “Big Loan Scheme” provides term loans of up to ₹5,00,000/- to start income-generating ventures in permitted non-polluting trades in Delhi. Its target groups are Scheduled Castes, Other Backward Classes, Minorities, Safai Karamcharis and Persons with Disabilities. DSFDC implements it together with the National Apex Corporations.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Big Loan Scheme, applicants must satisfy the following conditions:
Only permanent residents of Delhi may apply
Only permanent residents of Delhi may apply.
Applicants must be aged from 18 to 50…
Applicants must be aged from 18 to 50 years.
The applicant must belong to one of the…
The applicant must belong to one of the target groups: Scheduled Castes, Other Backward Classes, Minorities, Safai Karamcharis or Persons with Disabilities.
For the Scheduled Castes, Other Backward Classes and…
For the Scheduled Castes, Other Backward Classes and Minority categories, yearly family income must not be more than ₹1,20,000/- per annum.
The creamy layer of the Minority category has…
The creamy layer of the Minority category has an upper income limit of ₹6,00,000/- per annum.
No income cap applies to the Persons with…
No income cap applies to the Persons with Disabilities and Safai Karamchari categories.
The applicant must not be a declared defaulter…
The applicant must not be a declared defaulter of DSFDC, a Nationalized Bank, a Financial Institution or a Co-operative Bank under any scheme.
The applicant must have the knowledge and experience…
The applicant must have the knowledge and experience the scheme calls for.
Where needed on a case-to-case basis, valid permissions…
Where needed on a case-to-case basis, valid permissions such as the SSI Certificate, Pollution Control Certificate or other approvals for the Business/Industry (Manufacturing Unit) must be held.
Loans are given for Income Generating Activities in…
Loans are given for Income Generating Activities in the non-polluting trades permitted in Delhi; manufacturing units, however, must operate from an approved industrial area.
Benefits Provided
Big Loan Scheme provides the following benefits to eligible applicants:
A term loan of up to ₹5,00,000/-, forming…
A term loan of up to ₹5,00,000/-, forming part of the overall project cost / loan sought by the applicant/beneficiary, decided case by case. Repayment is spread over five years in 60 monthly installments, after a six-month moratorium period. Persons with Disabilities get a repayment period of up to ten years with a three-month moratorium period.
Documents Required
Applicants should keep the following documents ready before starting the application:
Pre-Sanction/With Application
Five passport-size photographs.
Copy of the Scheduled Castes/Scheduled Tribes/Other Backward Classes/Persons with Disabilities certificate (Minority applicants instead give an affidavit stating the particular Minority Community they belong to).
Aadhaar Card copy to prove identity and residence.
Document proving age.
Income certificate from the Sub-Divisional Magistrate (SDM) of the area (for Scheduled Castes, Other Backward Classes and Minorities).
Affidavit confirming that no loan has been taken from any Bank/Financial Institution.
No Objection Certificate or Rent Agreement for the work premises with proof of ownership (premises must be in a Conforming Area/Industrial Area).
Evidence of technical knowledge and experience relevant to the project.
Project Report with five-year projected profit-loss statements attested by a Chartered Accountant.
Industrial licence from the Government of Delhi (for an Industrial Unit).
Small Scale Industry (SSI) registration certificate (for a Manufacturing Unit).
Pollution Under Control (PUC) certificate (for a Manufacturing Unit).
Proforma invoice or quotations for the machinery and equipment to be set up.
Photos of the workplace taken from various angles, with the applicant present, showing its location and area.
A processing fee of ₹350/- payable to DSFDC.
Affidavit of personal guarantee.
Affidavit naming the applicant's legal heir.
The legal heir's ID copy and one recent passport-size photo.
Genuine disability certificate from a Government Hospital (for loans in the Persons with Disabilities category, disability must be at least 40%).
Under the Safai Karamchari category, the following are treated as eligible:
Scavengers/Safai Karamcharis and their dependents identified through a…
Scavengers/Safai Karamcharis and their dependents identified through a survey under the National Scheme for Liberation and Rehabilitation of Scavengers (NSLRS).
Registered co-operative societies formed by Safai Karamcharis
Registered co-operative societies formed by Safai Karamcharis.
Lawfully constituted associations/firms promoted by the target groups
Lawfully constituted associations/firms promoted by the target groups.
Persons holding a certificate from a Local Revenue…
Persons holding a certificate from a Local Revenue Officer/Local Municipal Officer/Cantonment Executive Officer/Railway Officer, a Head of a Government Department (i.e., Schools, Colleges, Forest, Health, Education, Animal Husbandry) of at least Gazetted Officer rank, an Elected Member of a Municipal Body, a Pradhan of a Gram Panchayat, or a Regional Manager of a Regional Rural Bank (RRB)/Nationalized Bank.
Post-Sanction
Four passport-size photographs of each guarantor.
Undertaking and particulars of the guarantor(s).
Most recent salary slip.
Copy of the office identity card.
Copy of the Ration Card/Voter ID/Aadhaar Card.
Age proof copy of the guarantor(s).
Affidavit from the guarantor(s).
Five post-dated cheques (PDCs) from the guarantor(s).
Electronic Clearing Service (ECS) mandate form in the set format.
Identity proof of two local witnesses, who must be physically present when the deeds are signed.
Copies of the applicant's Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) policies.
Group photographs of the applicant, guarantor(s) and witnesses together with the Scheme In-Charge and Dealing Assistant.
How to Apply
Offline Application
Applicants can apply for Big Loan Scheme through the offline application process outlined below.
Collect the application form in its prescribed format…
Collect the application form in its prescribed format from the DSFDC Head Office (Rohini) or the Branch Offices (Rajpur Road, Nand Nagari and Mangol Puri), or get the form online from the official website.
Print it, complete every mandatory field fully and…
Print it, complete every mandatory field fully and correctly, affix a passport-size photograph and attach copies of all required documents, self-attested where needed.
Hand in the completed, signed form with its…
Hand in the completed, signed form with its documents at the closest DSFDC office and pay the ₹350/- processing fee. Review, Approval and Loan Sanction After the application is examined and cleared, DSFDC issues a Letter of Intent, and disbursement follows once every formality is complete. Post-sanction documents such as guarantor particulars, photographs and the other affidavits and proofs must be furnished, after which the loan is released into your account.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.