About this banking scheme
Under this scheme, the Corporation provides loans/benefits to individuals from BPL families, whose annual family income does not exceed Rs. 1,80,000/-, in both rural & urban areas for various self-employment income-generating activities such as carpentry, leather and leather goods manufacturing, etc.
The scheme "Industrial Sector" is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the bank tie-up schemes. The HSFDC is a Company registered under the Companies Act, 1956 on 02.01.1971. It is a wholly Government-owned Corporation with a 51% share of the State Government and a 49% share of the Government of India.
Under this scheme, the Corporation provides loans/benefits to individuals from Below Poverty Line (BPL) families, whose annual family income does not exceed Rs. 1,80,000/-, in both rural and urban areas for various self-employment income generating activities such as carpentry, leather, and leather goods manufacturing, handloom operations, flour milling, welding work, soap making, mixi manufacturing, and other viable activities.
Benefits at a glance
| Scheme name | Industrial Sector Scheme (HSFDC) (ISSHSFDC) |
|---|---|
| Launched by | Welfare of Scheduled Caste & Backward Classes Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | State · Haryana |
| Official portal | hscfdc.org.in (link at the end of this page) |
Key facts
| Implementing agency | Haryana Scheduled Castes Finance And Development Corporation |
|---|---|
| Scheme for | Individual |
| Application mode | Online / Offline |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Family income limit | Up to Rs. 1.8 lakh per year |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 80 years
- 🏷️SC
- 💰Income Rs. 1.8 lakh tak
- 🍚BPL only
- 📝Online / Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Project Cost Ceiling:
- Up to Rs. 1,50,000 /-.
Subsidy:
- Subsidy @ 50% of the total project cost (Maximum amount of subsidy is Rs. 10,000/-)
Margin Money:
- The Corporation provides margin money @ 10% of the project cost.
- Margin money is provided @ 4% interest per annum.
- The interest on bank loans is charged by the banks at their lending policies.
Bank Loan:
- Besides subsidy and margin money, the composite loan i.e. subsidy and margin money, and the balance amount of the bank loan is provided by the banks to the seller of the assets on behalf of the beneficiaries.
Interest criteria for the loan amount recoverable by HSFDC:
| Upto Amount (Rs. ) | Interest % P.A. | Penal Interest % P.A. |
| 15,000/- | 4 | 4 |
| Interest Starts on | Penalty Start After | Principal Recovery Starts After | Installment Starts After | Installment Period |
| Same Day | 180 Days | 360 Days | 180 Days | 180 Days |
Who qualifies
- The applicant should be a resident of Haryana.
- The applicant should belong to the Scheduled Caste Category.
- The applicant should belong to the Below Poverty Line (BPL) family.
- The applicant's annual family income should not exceed Rs. 1,80,000/- in both rural and urban areas.
- The applicant's annual family income should not exceed the BPL limit.
- The applicant's name should be included in the BPL Survey List.
Note: The eligibility of the applicant is verified by the field staff before sponsoring the same to the bank for sanction.
Who is not eligible
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Registration walkthrough
Online
Registration Process on Haryana Scheduled Castes Finance and Development Corporation:
Step 1: Visit the official website of Haryana Scheduled Castes Finance and Development Corporation and select the scheme under ‘Bank Tie-up Scheme’.
Step 2: Click on "Apply for Loan" to begin the registration process.
Step 3: Fill in your details, including your name, Aadhaar number, email, mobile number, and captcha code, then click "Register".
Step 4: Enter the OTP sent to your mobile and click "Submit".
Step 5: The application form will open.
Step 6: Enter your details and upload the required documents.
Step 7: Click "Submit" to complete your application, and you will receive your user ID and password.
Login to apply for the scheme:
Step 1: Visit the official website of the Haryana Scheduled Castes Finance and Development Corporation and on the home page, click on ‘Login’ option.
Step 2: Enter your user ID/Username, password, and captcha code.
Step 3: Click "Login".
Step 4: Once logged in, the dashboard will open in front of you Click on "Edit Profile".
Step 5: Fill in surety details, upload required documents, and update other details.
Step 6: Click "Final Submit".
Step 7: After submitting, you can print out your application for your reference.
Offline
The Corporation also collects/fills up loan applications in credit camps, Open Darbars, and other functions organized under the supervision of Deputy Commissioners/Additional Deputy Commissioners.
Frequently asked questions
Who implements the Scheme?
The Haryana Scheduled Castes Finance and Development Corporation (HSFDC) implements the scheme in collaboration with bank tie-up schemes.
Who is eligible for the loan under this scheme?
Individuals from BPL families, whose annual family income does not exceed Rs. 1,80,000/- and who are residents of Haryana, belonging to the Scheduled Caste Category, are eligible.
What types of trades or businesses are covered under the scheme?
Trades and businesses such as carpentry, leather and leather goods manufacturing, handloom operations, flour milling, welding work, soap making, mixer manufacturing, and other viable trades or businesses are covered.
What is the project cost ceiling for the scheme?
The project cost ceiling is up to Rs. 1,50,000/-.
Is there a subsidy provided under the scheme?
Yes, a subsidy of 50% of the total project cost, up to a maximum of Rs. 10,000/-, is provided.
What is margin money in the context of this scheme?
Margin money is provided by the Corporation at 10% of the project cost with an interest rate of 4% per annum.
How is the bank loan structured under this scheme?
Besides subsidy and margin money, banks provide a composite loan (subsidy, margin money, and balance amount of bank loan) to the seller of the assets on behalf of the beneficiaries.
How is the eligibility of the applicant verified?
The eligibility of the applicant is verified by the field staff before sponsoring the application to the bank for sanction.
Can applicants from urban areas apply for this scheme?
Yes, applicants from both rural and urban areas can apply for this scheme.
Where can one apply for the scheme?
Applicants can apply through the official website of the Haryana Scheduled Castes Finance and Development Corporation at https://hscfdc.org.in/appreg.
Is the scheme available to non-scheduled caste individuals?
No, the scheme is specifically designed for individuals belonging to the Scheduled Caste category.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Official Website hscfdc.org.in
- HSFDC Details haryanascbc.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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