HSFDC Professional & Self Employment Scheme — ₹1.5L Loan for SC in Haryana
A composite loan scheme from HSFDC that combines a subsidy, margin money at 4% interest and a bank loan for a project of up to ₹1.5 lakh, helping Scheduled Caste BPL families in Haryana start professional or self-employment work.
- Funding amount
- ₹1.5L (debt / loan)
- Funding type
- Debt / Loan
- Provider
- Haryana Scheduled Castes Finance and Development Corporation (Government)
- Application deadline
- Rolling
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Professional and Self Employment Scheme is run by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC), a government-owned corporation set up in 1971. It exists to move Scheduled Caste families living below the poverty line in Haryana into self-reliant work by clearing the capital hurdle that stands in their way.
Assistance does not arrive as a single lump sum. HSFDC assembles a composite package with partner banks — a subsidy, margin money from the Corporation and a bank loan — to finance one approved project costing no more than ₹1,50,000, whether that venture sits in a rural or an urban part of the state.
Work built around the legal profession, chartered accountancy, medical practice and comparable professional lines qualifies, as do other viable self-employment activities. The wider goal is to help beneficiaries earn independently and add to Haryana's economy.
Applications stay open through the year, with no closing date. You can file through the HSFDC online portal or attend a district-level credit camp, and the Corporation ties up with banks to carry the loan through to sanction.
Highlights
- Composite package with a project cost cap of ₹1,50,000
- Subsidy of half the project cost, capped at ₹10,000
- Margin money from HSFDC at 4% yearly interest
- Open to Scheduled Caste BPL families living in Haryana
- Family income limit of ₹1,80,000 a year
- No deadline — applications stay open round the year
Who can apply
This is an individual-focused scheme built around applicants from Below Poverty Line households, and all of the following conditions have to be met together:
- The applicant is a resident of Haryana and can produce proof of it.
- The applicant belongs to the Scheduled Caste category.
- The household is classified as a Below Poverty Line (BPL) family.
- Total family income for a year does not cross ₹1,80,000 — the same ceiling applies in rural and urban areas.
- The applicant's name is present in the official BPL Survey List.
Missing any one of these means the file cannot move forward, so it is worth confirming the BPL listing and income certificate before you begin the form.
HSFDC Professional & Self Employment Scheme — ₹1.5L Loan for SC 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
HSFDC Professional & Self Employment Scheme — ₹1.5L Loan for SC 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
Support is structured as a composite package, so the money comes from more than one source rather than a single lender.
- Project cost: the venture can be sized up to ₹1,50,000.
- Subsidy: 50% of the project cost, subject to a maximum of ₹10,000.
- Margin money: 10% of the project cost, contributed by the Corporation and charged interest at 4% per annum.
- Bank loan: whatever is left after the subsidy and margin money, advanced by the partner bank at the rate that bank decides.
In the usual course, funds are not handed to the beneficiary in cash — payment goes to the suppliers of the assets being purchased, settled on the beneficiary's behalf.
On repayment, installments normally begin after a 6-month moratorium. Recovery of principal starts 12 months in, and the loan is scheduled to be cleared within 18 months of the loan beginning.
About the provider
HSFDC Professional & Self Employment Scheme — ₹1.5L Loan for SC 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.
How to apply
Applications are submitted on the . Confirm the current deadline and document checklist there before you start.
Selection process
HSFDC field staff carry out the first level of scrutiny. They verify that the applicant genuinely lives in Haryana, belongs to the Scheduled Caste category, comes from a Below Poverty Line family, and that yearly household income stays inside the permitted limit.
Only after that verification is complete does the file move onward to a partner bank. The bank holds the final say on sanctioning the composite package, covering the subsidy, the margin money and its own loan portion.
Documents you’ll need
Before you apply to HSFDC Professional & Self Employment Scheme — ₹1.5L Loan for SC 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
HSFDC Professional & Self Employment Scheme — ₹1.5L Loan for SC 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.
Frequently asked questions
How much funding does the scheme actually offer?
Your project can be worth up to ₹1,50,000. Against that, a subsidy covers half the cost but never more than ₹10,000, HSFDC puts in margin money equal to 10% of the project cost at 4% interest a year, and the partner bank funds the remaining balance as a loan at its own rate. Because it works as a package, the exact split depends on the project cost the bank approves.
Who is eligible to apply?
You need to live in Haryana, belong to the Scheduled Caste category, and come from a Below Poverty Line family. The household's yearly income has to stay within ₹1,80,000 in both rural and urban areas, and your name must appear in the BPL Survey List.
Is there an application deadline?
No. The scheme runs on a rolling basis and has no last date, so you can file whenever your project plan and paperwork are ready.
Does HSFDC take equity in my business?
No. This is a debt-based package — a subsidy, margin money and a bank loan — so no shares or ownership stake in your venture is taken. The subsidy portion is not repaid, while the margin money and the bank loan are.
What kind of work can be funded?
Both professional and self-employment ventures qualify, in rural or urban Haryana. The scheme names legal practice, chartered accountancy and medical practice as examples, along with other viable professional lines and self-employment activities.
Do I need DPIIT recognition or MSME registration?
Neither appears among the scheme's requirements. What HSFDC checks instead is Haryana residency, Scheduled Caste status, Below Poverty Line classification, the ₹1,80,000 income ceiling and your entry in the BPL Survey List.
How and where do I apply?
Online, go to the HSFDC portal, choose this scheme under the Bank Tie-up Scheme, and use the Apply for Loan link. Registration asks for your name, Aadhaar number, email, mobile number and a captcha, and an OTP sent to your mobile completes it. The full form then opens for your personal and project details and document uploads, and submitting it gives you a user ID and password. Log in later to add surety details and any pending papers, press Final Submit, and print a copy for your records. Offline, you can apply at credit camps, Open Darbars and similar community events held across Haryana districts under the supervision of Deputy Commissioners or Additional Deputy Commissioners.
Which documents should I keep ready?
An Aadhaar card, income certificate, BPL card, caste certificate, proof that you live in Haryana, and a project report describing the self-employment activity you want to start. Surety details are also filled in at the login stage of the online application.
How is the money paid out and how is it repaid?
Disbursement usually goes to the sellers of the assets you are buying rather than to you in cash. On repayment, installments start after a six-month moratorium, principal recovery begins after 12 months, and the loan is meant to be cleared within 18 months of the loan beginning. The bank sets the interest on its portion, while HSFDC's margin money carries 4% a year.
Who verifies my application, and who gives the final approval?
HSFDC field staff verify your residency, caste, BPL status and family income. Once that check is done, the file is sent to a partner bank, which issues the final sanction for the composite package.
Who offers HSFDC Professional & Self Employment Scheme — ₹1.5L Loan for SC in Haryana?
HSFDC Professional & Self Employment Scheme — ₹1.5L Loan for SC in Haryana is offered by Haryana Scheduled Castes Finance and Development Corporation, a government body. It is provided as non-dilutive funding.
How do I apply for HSFDC Professional & Self Employment Scheme — ₹1.5L Loan for SC in Haryana?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
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