Micro Credit Finance under NSKFDC- Haryana
Micro Credit Finance Scheme under NSKFDC – Haryana
The Micro Credit Finance Scheme under the National Safai Karamcharis Finance & Development Corporation (NSKFDC) aims to empower Safai Karamcharis and their dependents by offering financial assistance for small businesses and income-generating projects. Implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC), this initiative caters to the financial needs of a significant segment of society, helping them achieve economic independence.
Overview of the Scheme
The Micro Credit Finance Scheme is a collaborative effort between the HSFDC and NSKFDC, which is a government-owned entity established on January 2, 1971, under the Companies Act of 1956. This scheme provides financial support to Safai Karamcharis and their dependents for projects costing up to ₹1,00,000 per beneficiary. The assistance is tailored for small-scale trades, businesses, and various income-generating activities, promoting self-employment opportunities.
Key Benefits
- Project Cost Ceiling: Beneficiaries can access loans of up to ₹1,00,000 for their business ventures.
- Margin Money: A margin money provision of 10% of the project cost is available.
- Subsidy: Beneficiaries below the poverty line can receive a subsidy of 50% of the total project cost, with a maximum cap of ₹10,000.
- Interest Rates: The interest rate on loans up to ₹1,00,000 is fixed at 5% per annum, with penalties applicable after a grace period.
Interest and Repayment Terms
| Loan Amount (₹) | Interest Rate (% P.A.) | Penal Interest (% P.A.) |
|---|---|---|
| Up to 1,00,000 | 5 | NA |
Interest Starts: Same day
Penalty Begins: After 30 days
Principal Recovery Starts: After 120 days
Installment Period: 30 days
Eligibility Criteria
- The applicant must be a permanent resident of Haryana.
- Age must be between 18 and 55 years.
- There are no income restrictions.
- The applicant must be a Safai Karamchari or their dependent.
Note: A permanent Safai Karamchari is defined as an individual engaged in sanitation work, including their dependents. A certificate confirming this status must be obtained from relevant authorities such as government department heads or municipal officials.
Application Process
The application for the Micro Credit Finance Scheme can be submitted online. Below are the steps to guide you through the application process.
Registration Process on HSFDC Website
- Visit the HSFDC official website and select the NSKFDC Assisted Scheme.
- Click on “Apply for Loan” to initiate the registration.
- Fill in your details such as name, Aadhaar number, email, mobile number, and captcha code, then click “Register.”
- Enter the OTP received on your mobile and click “Submit.”
- The application form will appear; fill in the required details and upload necessary documents.
- Click “Submit” to finalize your application, after which you will receive your user ID and password.
Login to Apply
- Visit the HSFDC website and click on the ‘Login’ option.
- Input your user ID, password, and captcha code.
- After logging in, access your dashboard and click on “Edit Profile.”
- Complete your profile by entering required details and uploading documents.
- Click “Final Submit” and print your application for records.
Registration on Antyodaya-SARAL Portal
- Eligible applicants should visit the Antyodaya-SARAL Portal for online application.
- If not registered, click “New User” and complete the registration form.
- Verify your mobile number and email via OTP to finalize registration.
Tracking Your Application
Applicants can monitor their application status through the Antyodaya-SARAL Portal by entering the Department Name, Scheme Name, and Application Reference ID.
Upon receipt, loan applications undergo scrutiny by District Managers to verify beneficiary authenticity. Eligible cases are forwarded to NSKFDC for loan sanctioning, after which the loan approval is communicated to the beneficiaries.
For further information, please visit the official source at myScheme.gov.in.
Benefits
Project Cost Ceiling:
The Corporation (HSFDC), in collaboration with NSKFDC, provides loans of up to ₹1,00,000/- per beneficiary for small and petty trade/business and various self-employment income-generating activities.
Margin Money:
• The Corporation provides margin money @ 10% of the project cost.
Subsidy:
The corporation provides a subsidy @ 50% of the total project cost (Maximum subsidy amount is ₹10,000/-).
Note: The subsidy is only provided to the beneficiary below the poverty line.
Interest criteria for the loan amount recoverable by HSFDC:
Upto Amount (₹)Interest % P.A.Penal Interest % P.A.
1,00,000/-54
Interest Starts onPenalty Start AfterPrincipal Recovery Starts AfterInstallment Starts AfterInstallment Period
Same Day30 Days120 Days120 Days 30 Days
Application Process
Apply Online
Registration Process on Haryana Scheduled Castes Finance and Development Corporation:
Step 1: Visit the official website
of Haryana Scheduled Castes Finance and Development Corporation and select the scheme under ‘NSKFDC Assisted Scheme’.
Step 2: Click on "Apply for Loan
" to begin the registration process.
Step 3: Fill in your details, including your name, Aadhaar number, email, mobile number, and captcha code, then click "Register."
Step 4: Enter the OTP sent to your mobile and click "Submit."
Step 5: The application form will open.
Step 6: Enter your details and upload the required documents.
Step 7: Click "Submit" to complete your application, and you will receive your user ID and password.
Login to apply for the scheme:
Step 1: Visit the official website
of the Haryana Scheduled Castes Finance and Development Corporation and on the home page, click on ‘Login’ option.
Step 2: Enter your user ID/Username, password, and captcha code.
Step 3: Click "Login
."
Step 4: Once logged in, the dashboard will open in front of you Click on "Edit Profile."
Step 5: Fill in all the required details, upload required documents, and update other details.
Step 6: Click "Final Submit."
Step 7: After submitting, you can print out your application for your records.
Registration Process on Antyodaya-SARAL Portal:
Step 1: The eligible applicant may apply online through the Official Portal- Antyodaya-SARAL Portal
.
Step 2: If the applicant is not registered on the portal, he/she gets registered there.
Step 3: For registration, click “New User
” under ‘Sign In Here’ and fill in all the mandatory details i.e. Name, Email ID, Mobile Number, Password & State. Click on ‘Submit’.
Step 4: Verify your mobile number and email ID through the received OTP and complete the registration process.
Login to apply for the scheme:
Step 1: To avail the benefits of the scheme, visit the Official Antyodaya-SARAL Portal
and log in through the email ID used while registering.
Step 2: Enter Password & Captcha and click on ‘Login’.
Step 3: After successful login, click on ‘Apply for Services’ and then ‘View all Available Services’
Step 4: Now, you can search for the scheme and click on the scheme to go ahead and fill out the application form.
Step 5: Fill in all the mandatory details and upload all the mandatory documents.
Step 6: Preview the application form and click on ‘Submit’.
Tracking of Application:
Applicants can track their applications through the Official Antyodaya-SARAL Portal
by entering their Department Name, Scheme Name, and Application Reference ID.
Note: The loan applications so received are scrutinized and got verified by the District Managers concerned to ascertain the genuineness of the beneficiaries. Thereafter, cases of eligible applicants are sent to NSKFDC for sanction of loan. After sanction of loan by NSKFDC. The requisite sanction is issued for grant of loan to the beneficiaries concerned.
Frequently Asked Questions
References & Official Links
Scheme Details
| Full Name | Micro Credit Finance under NSKFDC- Haryana |
| Short Title | MCFNSKFDC-H |
| Level | State |
| Scheme For | Individual |
| Categories | Banking,Financial Services and Insurance, Business & Entrepreneurship |
| States | Haryana |
| Gender | All |
| Caste/Category | SC, BPL |
| Area | Both |
| Source | www.myscheme.gov.in ↗ |
Pragati
Deepika Raikwar is an Education Analyst and scholarship researcher who focuses on public welfare and merit-based scholarships. She simplifies complex eligibility rules, deadlines, and application processes to help common people access reliable funding opportunities worldwide.
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