Sarkari Yojana
Direct Lending Scheme
About Direct Lending Scheme
Under the “Direct Lending Scheme”, the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC) gives loans directly to members of the Scheduled Castes and Handicapped People in Punjab to lift them economically. Applicants need to be from the Scheduled Caste category and aged between 18 to 55 years. The scheme is 100% State Sponsored, and it is open only to permanent residents of Punjab.
Scheme Overview
State Government
Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC)
Individual
Scheme Details
Eligibility Requirements
To qualify for Direct Lending Scheme, applicants must satisfy the following conditions:
Indian citizenship is required
Indian citizenship is required.
The applicant must be a domicile / permanent…
The applicant must be a domicile / permanent resident of Punjab.
The applicant must fall in the Below Poverty…
The applicant must fall in the Below Poverty Line (BPL) category.
The applicant must either belong to the Scheduled…
The applicant must either belong to the Scheduled Caste category OR be a Person with Disability (PwD)
Applicants must be aged between 18 to 55…
Applicants must be aged between 18 to 55 years.
(When the loan case is being considered) the…
(When the loan case is being considered) the family's yearly income from all sources must be ₹ 1,00,000/- or less (for an unemployed applicant planning to start his/her own business, the family income may be disregarded).
The applicant must not be a current beneficiary…
The applicant must not be a current beneficiary of the 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.
A Residential Certificate / Domicile Certificate from the…
A Residential Certificate / Domicile Certificate from the State of Punjab.
The applicant's Caste Certificate / Disability Certificate
The applicant's Caste Certificate / Disability Certificate.
A Valuation Certificate for the property being mortgaged
A Valuation Certificate for the property being mortgaged.
A map of the said Property
A map of the said Property.
The Farad Zama Bandi record
The Farad Zama Bandi record.
A copy of the registry deed (where the…
A copy of the registry deed (where the property was self-purchased).
An affidavit concerning the loan
An affidavit concerning the loan.
3 Passport-Sized Photographs, signed across
3 Passport-Sized Photographs, signed across.
An Employer Certificate, Salary Certificate and Surety Bond…
An Employer Certificate, Salary Certificate and Surety Bond (where a Service Surety is offered).
The applicant's Aadhaar Card
The applicant's Aadhaar Card.
Bank Account particulars (Bank Name, Branch Name, Address,…
Bank Account particulars (Bank Name, Branch Name, Address, IFSC, etc).
A document proving age
A document proving age.
An Income Certificate
An Income Certificate.
How to Apply
Offline Application
Applicants can apply for Direct Lending Scheme through the offline application process outlined below.
Print the Application Form format (Form-I, Form-II) from…
Print the Application Form format (Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC). The same format can also be collected free of cost from the District Offices.
Complete every compulsory field, affix a passport-sized photograph…
Complete every compulsory field, affix a passport-sized photograph (signed across) and enclose all the required (self-attested) documents.
Hand in the signed and completed form, together…
Hand in the signed and completed form, together with the documents, at the District Office.
Obtain a receipt/acknowledgment from the District Office confirming…
Obtain a receipt/acknowledgment from the District Office confirming the form was submitted. Post-Application Processes:
Cases are placed before a screening committee chaired…
Cases are placed before a screening committee chaired by the ADC (D) for scrutiny.
Next, cases go to the Head Office for…
Next, cases go to the Head Office for sanction, and once sanctioned they are returned to the District offices so the Mortgage Deed can be executed.
After all formalities are completed, the H.O
After all formalities are completed, the H.O. releases payment straight into the loanee's Bank A/C through RTGS.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.