MCFNSKFDC-H

Under this scheme, loan is provided to Safai Karamchari and their dependents for projects with a maximum cost up to ₹1,00,000/- per beneficiaries for small and petty trade/business and various income generating activities.

The scheme "Micro Credit Finance under NSKFDC" is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the National Safai Karamcharis Finance & Development Corporation (NSKFDC). 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 loan is provided to Safai Karamchari and their dependents for projects with a maximum cost of up to ₹1,00,000/- per beneficiary for small and petty trade/business and various income-generating activities. The beneficiary should be between 18 and 55 years of age and should be either Safai Karamchari or his/her dependent, and permanent Safai Karamchari means a person engaged in, or employed for any sanitation work and includes his dependents.

• The applicant should be a permanent resident of Haryana.
• The applicant's age should be between 18 and 55 years.
• There is no income limit.
• The applicant should be either Safai Karamchari or his/her dependent.

Note 1: Permanent Safai Karamchari means a person engaged in, or employed for any sanitation work and includes his/her dependents.

Note 2: The applicant shall have to produce a Certificate of Safai Karamchari or dependent of Safai Karamchari from the Head of the Government Departments (i.e. School, Colleges, Forest, Health, Education, Animal Husbandry having rank not less than Gazetted Officer), elected members of Municipal Body/ Corporation and Pradhan of Gram Panchayats, Local Revenue Officer or an Officer of Local Municipal Office, or Cantonment Executive Officer of the Cantonment or an officer of the Railways not below the rank of gazette officer.

Project Cost Ceiling:

The Corporation (HSFDC), in collaboration with NSKFDC, provides loans of up to ₹1,00,000/- per beneficiary for small and petty trade/business and various self-employment income-generating activities.

Margin Money:

• The Corporation provides margin money @ 10% of the project cost.

Subsidy:

The corporation provides a subsidy @ 50% of the total project cost (Maximum subsidy amount is ₹10,000/-).

Note: The subsidy is only provided to the beneficiary below the poverty line.

> Interest criteria for the loan amount recoverable by HSFDC:

Upto Amount (₹)Interest % P.A.Penal Interest % P.A.1,00,000/-54

Interest Starts onPenalty Start AfterPrincipal Recovery Starts AfterInstallment Starts AfterInstallment PeriodSame Day30 Days120 Days120 Days 30 Days