HSFDC Industrial Sector Scheme: ₹1.5L Loan for SC BPL in Haryana — Frequently Asked Questions

The scheme supports a project cost of up to ₹1,50,000. Out of that, a subsidy covers 50% of the project cost but is capped at ₹10,000, HSFDC puts in 10% of the project cost as margin money at 4% annual interest, and a partner bank sanctions the remaining amount as a loan. Principal recovery starts only after a 12-month moratorium.

You must be a resident of Haryana, belong to the Scheduled Caste category, come from a family below the poverty line, have your name recorded in the BPL Survey List, and have an annual family income of no more than ₹1,80,000. All of these conditions apply together.

Yes. The applicant's annual family income must not exceed ₹1,80,000, and the family also has to be listed as below the poverty line, with the applicant's name appearing in the BPL Survey List.

No. This is a debt-supported scheme built around a composite loan, a subsidy and margin money, so HSFDC does not take any equity stake or ownership share in the venture you set up.

The margin money provided by HSFDC carries interest at 4% per annum. The bank charges interest on its own loan component in line with its lending policies.

No. Applications are rolling and the scheme stays open through the year, so there is no last date you need to beat.

The scheme is meant for self-employment and income-generating work. Examples include carpentry, leather and leather goods manufacturing, handloom operations, flour milling, welding, soap making and mixi production, along with other viable small business activities in rural or urban Haryana.

No. The eligibility criteria are based on your Haryana residency, Scheduled Caste category, below-poverty-line status and family income of up to ₹1,80,000. Startup or MSME registration is not part of the scheme's requirements.

You can apply online through the official HSFDC website. Choose the scheme listed under the 'Bank Tie-up Scheme', click "Apply for Loan", and register using your name, Aadhaar number, email, mobile number and the captcha code. Enter the OTP received on your mobile and submit. The full application form then opens — fill in the required information, upload your documents and submit to receive a user ID and password. Log in with those credentials and the captcha, open "Edit Profile" to add your surety details and any further documents, then click "Final Submit" and print the application for your records. Offline, applications can be completed at credit camps, Open Darbars and other functions organised by HSFDC under the supervision of Deputy Commissioners or Additional Deputy Commissioners.

HSFDC's field staff first verify your eligibility, documents and personal details. If the case clears that screening, the Corporation sponsors it to a partner bank, which conducts its own assessment before sanctioning the composite loan.

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. It is provided as non-dilutive funding.