Micro Credit Finance under NSKFDC, Haryana — ₹1 Lakh Loan at 5% — Frequently Asked Questions

Project costs of up to ₹1,00,000 are supported. The money is extended as a loan from the Haryana Scheduled Castes Finance and Development Corporation, so it has to be repaid, though at a concessional rate.

You must be a permanent resident of Haryana, aged between 18 and 55 years, and you must be a Safai Karamchari or a dependent of one. A certificate from a gazetted officer or an elected municipal or panchayat member is needed to establish that status.

There is no income limit for the loan component, so eligibility for borrowing does not depend on how much your household earns. The subsidy portion is different: it is available only to beneficiaries classified as below the poverty line.

The amount recoverable by HSFDC carries interest at 5% per annum. That is the rate stated for the scheme and it applies to the loan extended to approved beneficiaries.

No. Micro Credit Finance is a debt scheme, so HSFDC does not take any stake, shares or ownership in your venture. You receive a loan that you repay, and the business remains entirely yours.

Two forms of support sit alongside the loan. The Corporation contributes 10% of the project cost as margin money, which lowers the amount you need to bring in yourself. Separately, beneficiaries below the poverty line receive a subsidy of 50% of the project cost, subject to a maximum of ₹10,000.

The online registration asks for your name, Aadhaar number, email address and mobile number, which is verified by an OTP. Later stages require supporting documents to be uploaded and details of your sureties to be entered. A Safai Karamchari certificate from a gazetted officer or an elected municipal or panchayat member is required as community proof.

There is no fixed closing date — the scheme is rolling and always open. You can submit an application at any point during the year, subject to verification and sanction.

There are two online routes. The first is the HSFDC website at hscfdc.org.in/appreg, where you locate the scheme under the 'Bank Tie-up Scheme' section, register with your details, verify the OTP, complete the form and upload documents; you then log in again to add surety details and make a final submission, printing a copy for your records. The second is the Antyodaya-SARAL Portal at saralharyana.gov.in, where new users register first, log in, go to 'Apply for Services' and 'View all Available Services', and search for 'Micro Credit Finance under NSKFDC'.

Applications filed through the Antyodaya-SARAL Portal can be tracked on the state's status page at status.saralharyana.nic.in. You will need to provide the Department Name, the Scheme Name and your Application Reference ID to pull up the status.

A principal recovery moratorium of 120 days, which is four months, applies to the scheme. This gives the new venture a short window to stabilise before repayments on the principal begin.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Micro Credit Finance under NSKFDC, Haryana — ₹1 Lakh Loan at 5%, though having it can strengthen your application and unlock other benefits.

Micro Credit Finance under NSKFDC, Haryana — ₹1 Lakh Loan at 5% is offered by Haryana Scheduled Castes Finance and Development Corporation, a government body. It is provided as non-dilutive funding.