The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam has introduced the “Micro Finance Scheme – Credit Line 1 for Minority Community” to uplift economically disadvantaged individuals belonging to minority communities. This initiative aims to provide financial assistance in the form of small loans to members of Self-Help Groups (SHGs), enabling them to meet their livelihood needs and improve their socio-economic status. The scheme is specifically designed to support the poorest among the poor, fostering entrepreneurship and self-reliance within minority communities.
Objective of MFS – Credit Line 1 Scheme
The primary objective of this scheme is to empower members of minority communities by providing access to affordable credit. By offering loans of up to ₹1,00,000 per beneficiary, the government seeks to address financial constraints faced by marginalized groups and encourage income-generating activities. The scheme also promotes inclusivity by allowing SHGs with a significant percentage of minority members to apply.
Key Benefits of the Scheme
- Affordable Credit: Eligible beneficiaries can avail a loan of ₹1,00,000 to meet their financial requirements.
- Targeted Support: The scheme focuses on supporting the most vulnerable sections of society, including minorities and other weaker sections.
- Inclusive Approach: SHGs with at least 75% minority members (or 60% in exceptional cases ) are eligible for the scheme, promoting group-based economic development.
- Direct Disbursement: Loans are disbursed either directly to beneficiaries or through their respective SHGs, ensuring ease of access.
Eligibility Criteria
To qualify for the benefits under this scheme, applicants must fulfill the following conditions:
- The applicant must be a permanent resident of Haryana.
- The age of the applicant should be between 18 and 55 years.
- The annual family income should not exceed:
- ₹98,000 for rural areas.
- ₹1,20,000 for urban areas.
- The applicant must belong to one of the following minority communities: Muslims, Sikhs, Christians, Buddhists, Parsis, or Jains.
- The applicant must possess a valid Parivar Pehchan Patra (PPP ID).
- In the case of SHGs, at least 75% of members should belong to minority communities. In exceptional cases, groups with 60% minority members may also be considered.
Loan Amount and Disbursement
Under this scheme, each eligible beneficiary can avail a loan of ₹1,00,000. The loan amount is disbursed either directly to the beneficiary or through their SHG, ensuring transparency and accountability in fund utilization. Beneficiaries can use the loan for various purposes, including setting up small businesses, purchasing equipment, or meeting other livelihood-related expenses.
How to Apply Online?
Applicants can apply for the scheme through the Antyodaya-SARAL Portal, which provides a seamless and user-friendly application process. Here’s a step-by-step guide;
Registration Process:
- Visit the Antyodaya-SARAL Portal.
- If you are a new user, click on “New User” under ‘Sign In Here.
- Fill in all mandatory details such as Name, Email ID, Mobile Number, Password, and State.
- Verify your mobile number and email ID using the OTP received.
- Complete the registration process.
Application Process:
- Log in to the portal using your registered email ID and password.
- Click on ‘Apply for Services’ and then select ‘View all Available Services’.
- Search for the scheme and click on it to proceed.
- Enter your Parivar Pehchan Patra (PPP ID) and fetch family data.
- Select the applicant’s name and verify using the OTP sent to the registered mobile number.
- Fill in all required details and upload necessary documents.
- Preview the application form and submit it.
Tracking Application Status:
Applicants can track the status of their applications by entering their Department Name, Scheme Name, and Application Reference ID on the Antyodaya-SARAL Portal.
Essential Documents
To ensure smooth processing of your application, make sure you have the following documents ready;
- Aadhaar Card (Identity/Citizenship proof)
- Proof of age
- Haryana Domicile Certificate (Residence proof)
- Caste/Religion/Community certificate
- Parivar Pehchan Patra (PPP ID)
- Copy of PAN Card
- Passport-size photograph of the applicant
- Bank account details
- Any other relevant documents as specified
Why Is This Scheme Important?
Access to affordable credit is critical for the socio-economic empowerment of marginalized communities. For minority groups, who often face systemic barriers in accessing formal banking services, this scheme serves as a lifeline. By encouraging entrepreneurship and self-employment, the scheme not only improves individual livelihoods but also contributes to the overall economic growth of the region.
Frequently Asked Questions (FAQs)
Q1. Who can apply for the scheme?
A1. Permanent residents of Haryana belonging to minority communities (Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains) with an annual family income below ₹98,000 (rural) or ₹1,20,000 (urban) can apply.
Q2. What is the loan amount provided under this scheme?
A2. Each eligible beneficiary can avail a loan of ₹1,00,000.
Q3. What is the age limit for applicants?
A3. The applicant’s age should be between 18 and 55 years.
Q4. What is the maximum annual family income allowed for eligibility?
A4. ₹98,000 for rural areas and ₹1,20,000 for urban areas.
Q5. How can eligible applicants apply for the scheme?
A5. Applications must be submitted online through the Antyodaya-SARAL Portal.
Q6. How does one track the status of their application?
A6. Applicants can track their application status on the Antyodaya-SARAL Portal by entering their Department Name, Scheme Name, and Application Reference ID.
Conclusion
The “Micro Finance Scheme – Credit Line 1 for Minority Community” is a transformative initiative aimed at empowering economically disadvantaged individuals from minority communities in Haryana. By providing access to affordable credit, the scheme not only fosters entrepreneurship but also promotes social inclusion and economic equity. If you or someone you know meets the eligibility criteria, don’t miss out on this opportunity to secure financial support and build a better future.
For more information, visit the official website or the Antyodaya-SARAL Portal today!
