ISSHSFDC

Under this scheme, the Corporation provides loans/benefits to individuals from BPL families, whose annual family income does not exceed ₹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 ₹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.

• 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 ₹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.

Project Cost Ceiling:

• Up to ₹1,50,000 /-.

Subsidy:

• Subsidy @ 50% of the total project cost (Maximum amount of subsidy is ₹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 (₹)Interest % P.A.Penal Interest % P.A.15,000/- 4 4

Interest Starts onPenalty Start AfterPrincipal Recovery Starts AfterInstallment Starts AfterInstallment PeriodSame Day180 Days360 Days180 Days180 Days