The Trade and Business Sector Scheme, implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC), is a transformative initiative aimed at empowering individuals from Below Poverty Line (BPL) families belonging to Scheduled Castes. This scheme fosters entrepreneurship by providing financial assistance for self-employment ventures in both rural and urban areas of Haryana. Whether you’re looking to start a small shop, a beauty parlour, or any other viable business, this scheme can help turn your entrepreneurial dreams into reality.

Key Benefits of the Trade and Business Sector Scheme

1. Project Cost Ceiling: Loans are available for projects up to ₹1,50,000.
2. Subsidy Support :
   • Beneficiaries receive a subsidy of 50% of the total project cost , with a maximum subsidy amount of ₹10,000.
3. Margin Money Assistance :
   • The HSFDC provides margin money at 10% of the project cost, charged at a nominal interest rate of 4% per annum.
4. Bank Loan Integration :
   • Banks provide the remaining loan amount under their lending policies. The composite loan includes a subsidy, margin money, and the bank loan component.
5. Flexible Repayment Terms :
   • Interest on the loan starts from the day of disbursement.
   • Principal repayment begins after 360 days, and installments commence after 180 days.

Eligibility Conditions

To qualify for the Trade and Business Sector Scheme, applicants must meet the following criteria;

1. Residency => The applicant must be a permanent resident of Haryana.
2. Caste Category => The applicant should belong to the Scheduled Caste community.
3. Income Limit:
   • The annual family income should not exceed ₹1,80,000 for both rural and urban areas.
   • The applicant’s name must appear in the Below Poverty Line (BPL) survey list.
4. Verification => Eligibility is verified by field staff before forwarding the application to the bank for sanction.

Self-Employment Activities Supported Under the Scheme

The scheme supports a wide range of income-generating activities, including but not limited to;

• Running a stationery shop, kiryana shop, or cloth shop.
• Setting up a tea shop, fruit stall, or kabadi shop.
• Establishing auto repair shops, beauty parlours, or tent houses.
• Organizing band parties or other viable business ventures.

How to Apply for the Scheme?

1st) Online Application

1. Visit the Official Website :
   Go to the HSFDC Website and select the “Trade and Business Sector” scheme under ‘Bank Tie-up Scheme’.
2. Register for the Scheme :
   • Click on “Apply for Loan” to begin registration.
   • Enter details such as your name, Aadhaar number, email, mobile number, and captcha code.
   • Submit the OTP sent to your registered mobile number.
3. Fill the Application Form :
   • Complete the application form with accurate details.
   • Upload required documents, including:
     • Aadhaar Card
     • Passport-size photograph
     • Ration Card
     • Voter ID or any valid identity proof
     • Scheduled Caste Certificate
     • BPL Card/document proof
     • Proof of income
4. Submit the Application :
   • Review all entered details and click “Submit”.
   • Upon submission, you will receive your user ID and password.
5. Login and Finalize :
   • Log in using your credentials.
   • Update surety details and upload any additional documents if required.
   • Click “Final Submit” to complete the process.
   • Print your application for future reference.

2nd) Offline Application

• Visit the nearest HSFDC office or authorized center.
• Collect the application form, fill it out, and submit it along with the required documents.

Loan Recovery Details

Frequently Asked Questions (FAQs)

Who implements the Trade and Business Sector Scheme?

The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with banks.

What is the maximum project cost under the scheme?

The maximum project cost is ₹1,50,000.

Is the scheme available to non-scheduled caste individuals?

No, the scheme is exclusively for individuals belonging to the Scheduled Caste category.

How much subsidy is provided under the scheme?

A subsidy of 50% of the total project cost is provided, with a maximum subsidy amount of ₹10,000.

What is margin money, and how is it provided?

Margin money is 10% of the project cost, provided at an interest rate of 4% per annum.

Can applicants from urban areas apply for this scheme?

Yes, the scheme is open to both rural and urban residents of Haryana.

Why Choose the Trade and Business Sector Scheme?

This scheme empowers marginalized communities by providing them access to financial resources and fostering entrepreneurship. Supporting income-generating activities, it helps reduce poverty and promotes economic inclusivity in Haryana.

For further assistance or queries;

• Official Website: https://hsfdc.gov.in/
• Scheme Details & Guidelines
• Helpline Number: Contact your nearest HSFDC office or authorized center.