Term Loan Scheme for Backward Classes — ₹15 Lakh Loan in Haryana
The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam gives term loans of up to ₹15 lakh at 6% to 8% annual interest to Backward Class residents of Haryana, so they can start a venture, buy equipment or build skills. Applications stay open all year on the Antyodaya-SARAL portal.
- Funding amount
- ₹15L (debt / loan)
- Funding type
- Debt / Loan
- Provider
- Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam (Government)
- Application deadline
- Rolling
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Term Loan Scheme for Backward Classes is a credit programme run by the Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam, an undertaking of the Government of Haryana. It puts subsidised term loans in the hands of Backward Class residents of the state so they can move into self-employment or sharpen skills that raise their earning power.
The scheme exists to narrow the economic gap that Backward Class communities in Haryana continue to face. Rather than a one-time handout, it extends affordable credit that a beneficiary can put into a new small business, an expansion of an existing micro-enterprise, the purchase of machinery or equipment, or a skill-development course that leads to better work.
Loans carry a subsidised rate of 6% to 8% per year, with a ceiling of ₹15 lakh. Because the borrowing cost sits below what the open market would charge, entrepreneurship and financial self-reliance become reachable for households that would otherwise find credit hard to get. Applicants from both rural and urban parts of Haryana are covered, and the money is released directly to the individual borrower.
Applications are accepted round the year through the Antyodaya-SARAL portal, so there is no closing date to race against. If you meet the age, income, category and residency conditions and hold a Parivar Pehchan Patra, you can file your application whenever you are ready.
Highlights
- Term loan of up to ₹15 lakh per eligible individual
- Subsidised interest of 6% to 8% per year
- For Backward Class residents of Haryana aged 18 to 55
- Family income ceiling of ₹3,00,000; PPP ID mandatory
- Applications open all year via the Antyodaya-SARAL portal
Who can apply
Every one of the following conditions has to be met before an application can go through:
- Domicile: You have to be domiciled in Haryana on a permanent basis. The scheme is state-restricted, and filing happens through Haryana's own service portal.
- Category: Your caste category should be Backward Classes.
- Age: You should be aged 18 to 55 years.
- Family income: Your family's yearly income has to stay at or below ₹3,00,000.
- Parivar Pehchan Patra: A PPP ID is compulsory. The portal uses the Family ID to pull up registered family members, and the applicant is verified against that family record through an OTP.
The assistance goes to an individual borrower rather than an institution, and the scheme does not tie the loan to any particular line of work — the money can support a fresh business, an expansion, an equipment purchase or a skill-building course.
Term Loan Scheme for Backward Classes — ₹15 Lakh Loan in Haryana is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
Term Loan Scheme for Backward Classes — ₹15 Lakh Loan in Haryana accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.
What the funding covers
The support takes the form of a term loan of up to ₹15,00,000, sanctioned to an individual beneficiary and released directly to that person.
- Interest: A subsidised rate of 6% to 8% per annum applies, which keeps the cost of borrowing well below ordinary market rates.
- Purpose: The credit is meant to strengthen the borrower's employability. In practice that can mean launching a small business, growing an existing micro-enterprise, buying the equipment or machinery the activity needs, or paying for skill development that opens up better economic opportunities.
- Nature of the funding: This is debt, not a grant or an equity investment — the amount is repaid with interest, and the scheme takes no ownership stake in the borrower's venture.
Because the loan lands in the applicant's own hands, it adds directly to their financial capacity and supports self-reliance rather than one-off relief.
About the provider
Term Loan Scheme for Backward Classes — ₹15 Lakh Loan in Haryana is offered by Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam, a government body. As a government-backed debt / loan, it is publicly funded and open to eligible startups across India.
Documents you’ll need
Before you apply to Term Loan Scheme for Backward Classes — ₹15 Lakh Loan in Haryana, keep the following documents ready:
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Who this is best for
Term Loan Scheme for Backward Classes — ₹15 Lakh Loan in Haryana is best suited for startups in India seeking non-dilutive funding of ₹15L. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
How much money can I get from this scheme?
An eligible Backward Class applicant in Haryana can take a term loan of up to ₹15,00,000 (fifteen lakh rupees). The exact amount sanctioned within that ceiling depends on your proposal and is released directly to you as the borrower.
What interest rate will I have to pay on the loan?
The loan is priced at a subsidised rate of 6% to 8% per annum. That is below what a typical commercial lender would charge, which is the main financial advantage the Kalyan Nigam extends to Backward Class borrowers.
Who is eligible to apply?
You need to be a permanent resident of Haryana and belong to the Backward Classes. Your age should fall between 18 and 55 years, your family's annual income must not cross ₹3,00,000, and you must hold a Parivar Pehchan Patra (PPP ID), which the portal uses to verify your family details.
Do I need DPIIT recognition or MSME registration for this loan?
Neither DPIIT recognition nor MSME registration appears among the scheme's conditions. The identification document that matters here is your Parivar Pehchan Patra (PPP ID), along with the caste and income certificates that establish your category and income eligibility.
Is there a last date to submit the application?
No. The scheme runs on a rolling basis and applications are accepted throughout the year on the Antyodaya-SARAL portal, so you can apply at any point that suits you as long as you meet the eligibility conditions.
Will the scheme take equity in my business in return for the money?
No. This is a term loan, which means the amount is repaid with interest at the agreed rate and the Nigam does not take any ownership stake or share in your venture. The funding is non-dilutive from the borrower's point of view.
What can I use the loan money for?
The credit is intended to raise your employability. Common uses include starting a new small business, expanding an existing micro-enterprise, purchasing equipment or machinery required for your activity, or investing in skill development that improves your economic prospects.
How do I apply for the Term Loan Scheme for Backward Classes?
Applications are filed online through the official Antyodaya-SARAL portal. New users register with their name, email ID, mobile number, password and state, then verify both the mobile number and email ID with OTPs. After logging in, go to 'Apply for Services' and then 'View all Available Services', search for the scheme and open the form. You enter your Parivar Pehchan Patra number, fetch your family data, select the beneficiary and confirm with an OTP sent to that family member. The rest of the form is filled in, documents are uploaded, the preview is checked and the application is submitted.
Which documents do I need to upload?
You will be asked for identity proof, address proof, your caste certificate and your income certificate, along with your PPP ID. If your proposal involves a business activity, a business plan or project report should be attached as well. All of these are uploaded during the online application.
Can I check the status of my application after submitting it?
Yes. Status can be tracked on the Haryana status portal at https://status.saralharyana.nic.in/ by entering the department name, the scheme name and your application reference ID.
Who offers Term Loan Scheme for Backward Classes — ₹15 Lakh Loan in Haryana?
Term Loan Scheme for Backward Classes — ₹15 Lakh Loan in Haryana is offered by Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam, a government body. It is provided as non-dilutive funding.
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