HSFDC Industrial Sector Scheme: ₹1.5L Loan for SC BPL in Haryana

The Industrial Sector Scheme is one of the credit-linked routes run by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC), a wholly government-owned body, to help Scheduled Caste families living below the poverty line move into self-employment. Rather than offering a stand-alone cheque, HSFDC works through bank tie-ups so that the money reaches a beneficiary as a single composite package — a subsidy, a slice of margin money from the Corporation and a bank loan sitting alongside each other.

What the scheme really funds is a working small business. Trades such as carpentry, handloom weaving and leather goods work are covered, as are service and manufacturing lines like flour milling, welding, soap making and mixi production. Ventures in rural and urban Haryana both qualify, provided the family's yearly earnings stay inside the ₹1,80,000 ceiling and the applicant's name is present in the BPL Survey List.

Because there is no closing date, applications are accepted through the year. Cases are first screened by HSFDC's own field staff and only then forwarded to a partner bank, which appraises and sanctions the loan. The purpose behind the whole exercise is straightforward: give Scheduled Caste BPL families the capital to set up and run a business of their own, and let that activity feed into the local economy.

• Project cost funded up to ₹1,50,000
• Subsidy of 50% of project cost, capped at ₹10,000
• Margin money at 10% of project cost, charged 4% per annum
• Principal repayment starts after a 12-month moratorium
• Open to Scheduled Caste BPL families in Haryana with income up to ₹1,80,000
• Rolling applications — no closing date

The scheme's criteria are tightly drawn, and every one of the following conditions has to be satisfied before an application can be sponsored to a bank.

• Domicile: the applicant must be a resident of Haryana.
• Category: the applicant must belong to the Scheduled Caste category.
• Economic status: the family must be below the poverty line, and the applicant's name must appear in the BPL Survey List.
• Income ceiling: annual family income must not exceed ₹1,80,000.
• Purpose: the assistance has to be used for a self-employment activity, whether in a rural or an urban area.

Eligibility here turns on residency, caste category, BPL listing and family income. It is not tied to startup registration of any kind.

HSFDC Industrial Sector Scheme: ₹1.5L Loan for SC BPL in Haryana is open to startups at any stage. It is open to startups registered anywhere in India.

HSFDC Industrial Sector Scheme: ₹1.5L Loan for SC BPL 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.

Support arrives as one combined financial package — part subsidy, part margin money from HSFDC, and part bank loan — sized to the project the beneficiary wants to set up.

• Project cost ceiling: up to ₹1,50,000. This is the outer limit on the total capital requirement for the activity.
• Subsidy: 50% of the project cost, capped at ₹10,000.
• Margin money: HSFDC contributes 10% of the project cost as margin money, on which 4% interest per annum is charged.
• Bank loan: the balance is sanctioned by a partner bank. The subsidy and the margin money are structured together with this loan so the beneficiary can acquire the assets the venture needs.
• Moratorium: recovery of the principal begins only after 12 months.

The structure is a loan-and-subsidy one, so HSFDC does not pick up a stake in the business.

HSFDC Industrial Sector Scheme: ₹1.5L Loan for SC BPL in Haryana is offered by Haryana Scheduled Castes Finance and Development Corporation, a government body. As a government-backed debt / loan, it is publicly funded and open to eligible startups across India.

Approval runs through two distinct checks before money moves.

• HSFDC field verification: field staff of the Corporation review the application, the documents submitted and the personal details supplied, and test them against the scheme's criteria. This screening happens before the case is sponsored any further.
• Bank assessment and sanction: once that verification is cleared, HSFDC forwards the application to a partner bank. The bank then carries out its own appraisal and sanctions the composite loan.

In short, an application only reaches the bank after HSFDC's own eligibility check is complete.

Before you apply to HSFDC Industrial Sector Scheme: ₹1.5L Loan for SC BPL 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.

HSFDC Industrial Sector Scheme: ₹1.5L Loan for SC BPL in Haryana is best suited for startups in India seeking non-dilutive funding of ₹1.5L. If that describes your startup, review the eligibility criteria above before applying.