Sarkari Yojana
Composite Loan Scheme
About Composite Loan Scheme
The Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi, administers the “Composite Loan Scheme”. It gives need-based loans to people from Scheduled Castes, Scheduled Tribes, Other Backward Classes, Minorities and Persons with Disabilities so that they can take up different income-generating activities. By backing self-employment and small enterprise, it helps these groups become financially independent and more socially included.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Composite Loan Scheme, applicants must satisfy the following conditions:
The applicant must belong to one of these…
The applicant must belong to one of these target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability.
Residence in Delhi is required
Residence in Delhi is required.
Applicants must be between 18 to 50 years…
Applicants must be between 18 to 50 years of age.
Family income from all sources must not be…
Family income from all sources must not be more than ₹1,20,000/- a year.
The applicant must intend to take up one…
The applicant must intend to take up one of the income-generating activities listed in the guidelines.- A suitable workplace, owned or rented, must be available for the planned activity.
The applicant must not have been declared a…
The applicant must not have been declared a defaulter under any DSFDC scheme.
Benefits Provided
Composite Loan Scheme provides the following benefits to eligible applicants:
Maximum Permissible Loan Amount
Applicants in the SC category can borrow up…
Applicants in the SC category can borrow up to ₹3,00,000/-, depending on need.
Applicants in the OBC, Minority and PwD categories…
Applicants in the OBC, Minority and PwD categories can borrow up to ₹1,00,000/-, depending on need.
Documents Required
Applicants should keep the following documents ready before starting the application:
An Aadhaar card serving as proof of both…
An Aadhaar card serving as proof of both identity and residence.
A caste certificate from the Government of Delhi,…
A caste certificate from the Government of Delhi, or an affidavit where the applicant is from a minority community.
For the PwD category, a disability certificate from…
For the PwD category, a disability certificate from a Govt. hospital showing at least 40% disability.
Proof of age by way of a birth…
Proof of age by way of a birth certificate, school leaving certificate or affidavit.
An affidavit declaring income
An affidavit declaring income.
An affidavit stating that no loan has been…
An affidavit stating that no loan has been taken from any financial institution/Govt. organisation.
A cost estimate for the items/machines to be…
A cost estimate for the items/machines to be bought for the planned activity.
Proof of ownership of the workplace, e.g
Proof of ownership of the workplace, e.g. Electricity Bill/Water Bill/Telephone Bill (MTNL) or any other property document.
Where the workplace is rented, the rent agreement…
Where the workplace is rented, the rent agreement and the owner's ID proof.
An affidavit giving a No Objection Certificate for…
An affidavit giving a No Objection Certificate for the workplace, if it belongs to a blood relative.
An affidavit of personal guarantee
An affidavit of personal guarantee.
An ECS (Electronic Clearing Service) mandate in the…
An ECS (Electronic Clearing Service) mandate in the prescribed format for loan repayment, with 05 blank CTS (Cheque Truncation System) post-dated cheques drawn in favour of DSFDC (Delhi SC/ST/OBC/Minority/Handicapped Financial and Development Corporation), plus one blank cancelled cheque for payment by RTGS (Real Time Gross Settlement).
For loans above ₹2,00,000/-, five blank post-dated cheques…
For loans above ₹2,00,000/-, five blank post-dated cheques from the guarantor as well.
An affidavit from the applicant's legal heir
An affidavit from the applicant's legal heir.
The legal heir's ID proof along with a…
The legal heir's ID proof along with a passport-size photo.
A copy of the insurance receipt under Prime…
A copy of the insurance receipt under Prime Minister Suraksha Bima Yojna (PMSBY) and Prime Minister Jiwan Jyoti Bima Yojna (PMJJBY).
Two witnesses must accompany the applicant, each carrying…
Two witnesses must accompany the applicant, each carrying ID proof.
A group photo of the applicant, guarantor, both…
A group photo of the applicant, guarantor, both witnesses, Branch In-Charge & Dealing Assistant.
A ₹350/- demand draft in favour of DSFDC…
A ₹350/- demand draft in favour of DSFDC as the processing fee. Guarantor’s Documents
The guarantor's original salary slip
The guarantor's original salary slip.
A photocopy of the guarantor's office identity card
A photocopy of the guarantor's office identity card.
The guarantor's Aadhaar card as residence proof
The guarantor's Aadhaar card as residence proof.
The guarantor's affidavit & undertaking in the prescribed…
The guarantor's affidavit & undertaking in the prescribed format.
Proof of the guarantor's date of birth
Proof of the guarantor's date of birth.
Five passport-size photos of the guarantor
Five passport-size photos of the guarantor.
For loans above ₹2,00,000/-, five blank cheques from…
For loans above ₹2,00,000/-, five blank cheques from the guarantors
OR (where collateral security is offered) the original…
OR (where collateral security is offered) the original property papers for immovable property, with a NOC (No Objection Certificate) from the property owner and the complete chain of documents.
OR original collateral security in the form of…
OR original collateral security in the form of NSC (National Savings Certificates)/KVP (Kisan Vikas Patra)/FDR (Fixed Deposit Receipt) with a letter of lien in favour of DSFDC.
For loans up to ₹50,000/-, neither a guarantor…
For loans up to ₹50,000/-, neither a guarantor nor collateral security is needed, although this remains discretionary. The applicant must, however, give two references/names of well-known persons who are permanent residents of Delhi and live in the applicant's locality.
How to Apply
Offline Application
Applicants can apply for Composite Loan Scheme through the offline application process outlined below.
Print the application form in the prescribed format…
Print the application form in the prescribed format available here.
Complete every compulsory field, affix a passport-size photograph…
Complete every compulsory field, affix a passport-size photograph and enclose copies of the required documents (self-attested where needed).
Hand the completed and signed form, with its…
Hand the completed and signed form, with its documents, to the Branch In-Charge / Section In-Charge of the Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi.
Ask for an acknowledgement or receipt
Ask for an acknowledgement or receipt.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.