Sarkari Yojana
Industrial Sector Scheme (HSFDC)
About Industrial Sector Scheme (HSFDC)
The Haryana Scheduled Castes Finance and Development Corporation (HSFDC) runs the “Industrial Sector” scheme in partnership with bank tie-up schemes. Registered under the Companies Act, 1956 on 02.01.1971, HSFDC is fully Government-owned, with the State Government holding 51% and the Government of India 49% of its shares. The Corporation extends loans and benefits to members of Below Poverty Line (BPL) families, in rural as well as urban areas, whose yearly family income is no more than ₹1,80,000/-. These fund self-employment and income-generating ventures such as carpentry, leather, and leather goods manufacturing, handloom operations, flour milling, welding work, soap making, mixi manufacturing, and other viable activities.
Scheme Overview
State Government
Haryana Scheduled Castes Finance And Development Corporation
Individual
Scheme Details
Eligibility Requirements
To qualify for Industrial Sector Scheme (HSFDC), applicants must satisfy the following conditions:
Residence in Haryana is required
Residence in Haryana is required.
Only members of the Scheduled Caste Category can…
Only members of the Scheduled Caste Category can apply.
The family must be Below Poverty Line (BPL)
The family must be Below Poverty Line (BPL).
In rural and urban areas alike, annual family…
In rural and urban areas alike, annual family income cannot be above ₹1,80,000/-.
Family income per year must also stay within…
Family income per year must also stay within the BPL limit.
The applicant's name has to appear in the…
The applicant's name has to appear in the BPL Survey List. Note: Field staff check each applicant's eligibility before the case is sponsored to the bank for sanction.
Benefits Provided
Industrial Sector Scheme (HSFDC) provides the following benefits to eligible applicants:
Project Cost Ceiling:
Projects can cost a maximum of ₹1,50,000 /-
Projects can cost a maximum of ₹1,50,000 /-. Subsidy:
Half the project cost, i.e
Half the project cost, i.e. 50%, is given as subsidy, but never more than ₹10,000/-. Margin Money:
Margin money equal to 10% of the project…
Margin money equal to 10% of the project cost comes from the Corporation.
This margin money carries interest @ 4% per…
This margin money carries interest @ 4% per annum.
Banks charge interest on their loans according to…
Banks charge interest on their loans according to their own lending policies. Bank Loan:
Apart from the subsidy and margin money, banks…
Apart from the subsidy and margin money, banks release the composite loan — subsidy and margin money — together with the remaining bank loan directly to the asset seller on the beneficiary's behalf. Interest criteria for the loan amount recoverable by HSFDC:
Loan amount:
For sums up to ₹15,000/-, the interest rate is 4% P.A., and penal interest is also 4% P.A.
Repayment timeline:
Interest is charged from the same day; penalty applies after 180 days; principal recovery begins after 360 days; installments start after 180 days; and the installment period is 180 days.
Documents Required
Applicants should keep the following documents ready before starting the application:
Aadhaar Card
Aadhaar Card
Photo, passport size
Photo, passport size
Ration Card
Ration Card
Voter Card or another valid ID proof
Voter Card or another valid ID proof
Certificate of Scheduled Caste status
Certificate of Scheduled Caste status
BPL Card/supporting proof
BPL Card/supporting proof
Income proof
Income proof
Other documents as asked for
Other documents as asked for
How to Apply
Online Application
Applicants can apply for Industrial Sector Scheme (HSFDC) through the online application process outlined below.
Registration Process on Haryana Scheduled Castes Finance and Development Corporation:
Open the official website of Haryana Scheduled Castes…
Open the official website of Haryana Scheduled Castes Finance and Development Corporation and pick the scheme listed under 'Bank Tie-up Scheme'.
Start registering by clicking "Apply for Loan"
Start registering by clicking "Apply for Loan".
Enter your name, Aadhaar number, email, mobile number…
Enter your name, Aadhaar number, email, mobile number and the captcha code, then press "Register".
Type the OTP received on your mobile and…
Type the OTP received on your mobile and press "Submit".
The application form appears
The application form appears.
Fill in your particulars and upload the necessary…
Fill in your particulars and upload the necessary documents.
Press "Submit" to finish; a user ID and…
Press "Submit" to finish; a user ID and password will be issued to you. Login to apply for the scheme:
Go to the official website of the Haryana…
Go to the official website of the Haryana Scheduled Castes Finance and Development Corporation and choose 'Login' on the home page.
Provide the user ID/Username, password and captcha code
Provide the user ID/Username, password and captcha code.
Press "Login"
Press "Login".
On the dashboard that opens after login, choose…
On the dashboard that opens after login, choose "Edit Profile".
Add surety details, upload documents and update any…
Add surety details, upload documents and update any other details.
Press "Final Submit"
Press "Final Submit".
Print a copy of the submitted application to…
Print a copy of the submitted application to keep for reference.
Offline Application
Applicants can apply for Industrial Sector Scheme (HSFDC) through the offline application process outlined below.
Application Process
Loan applications are also collected and filled in by the Corporation at credit camps, Open Darbars and other events held under the supervision of Deputy Commissioners/Additional Deputy Commissioners.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.