The Transport Loan Scheme by the Delhi Scheduled Castes, Scheduled Tribes, Other Backward Classes, Minorities & Safai Karamchari Finance and Development Corporation (DSFDC) aims to boost self-employment opportunities in Delhi. This scheme offers financial support to individuals from marginalized communities to purchase Light Motor Vehicles (LMVs) for commercial use.

The scheme is designed to empower members of Scheduled Castes (SC), Other Backward Classes (OBC), Minorities, and Safai Karamcharis to become self-reliant and generate sustainable income.

Key Benefits of the Scheme

• Loan Amount: Up to ₹5,00,000 for the purchase of Light Motor Vehicles (LMVs)

• Repayment Term: Loan to be repaid in 60 monthly installments (5 years)

• Moratorium Period: 6 months from the date of disbursement

• Low processing fee: Just ₹350

• Loan disbursed upon successful completion of required formalities

Eligibility Criteria

To apply for the Transport Loan Scheme, the applicant must:

• Belong to any of the following communities: SC, OBC, Minority, or Safai Karamchari

• Be a permanent resident of Delhi

• Be 18 to 45 years of age

• Have a valid commercial Light Motor Vehicle (LMV) license and badge

• Not be a defaulter under any previous loan schemes by DSFDC or other financial institutions

Income Limit (Category-wise):

• SC/OBC/Minority (General): Annual family income should not exceed ₹1,20,000

• Minority (Creamy Layer): Maximum annual income limit is ₹6,00,000

• Safai Karamchari: No income limit applicable

Application Process

Offline Mode

1. Visit DSFDC offices: Applicants can collect the Application Form from any of the following locations:

   • DSFDC Headquarters (Rohini)

   • Branch Offices (Rajpur Road, Mangolpuri, Nand Nagri)

   • Or directly download it from the DSFDC Official Website

2. Fill Application Form: Provide accurate details, affix a passport-size photo, and attach the required documents (self-attested).

3. Submit Form: Submit the completed application with a ₹350 demand draft in favor of DSFDC.

4. Loan Processing: After verification and approval, you’ll receive a sanction letter and be asked to complete post-sanction formalities.

5. Loan Disbursement: On completing all steps, the amount is credited to the beneficiary for purchasing the vehicle.

Documents Required

A. Pre-Sanction Stage

• 5 passport-size photos (applicant)

• ID Proof: Aadhaar Card/Voter ID/Ration Card

• Age Proof (18–45 years)

• Valid Commercial Driving Licence and LMV badge

• Income Certificate (from SDM, for SC/OBC/Minority)

• Caste Certificate (issued by SDM for SC/OBC; affidavit for Minorities)

• Affidavit: Not availed of any other loan

• Vehicle Quotation

• ₹350 Demand Draft (Processing Fee)

• Affidavit for Personal Guarantee

• Legal Heir Affidavit + ID Proof + Photograph

For Safai Karamcharis, a certificate from a recognized authority (Revenue Officer, School Head, Railway Official, etc.) is required. If listed under Manual Scavengers Act, no further certificate is needed.

B. Post-Sanction Stage

• 4 passport-size photos of Guarantor(s)

• Guarantor’s undertaking and latest payslip

• Guarantor’s ID and Address Proof

• Age proof and affidavit of Guarantor

• 5 Post-Dated Cheques (if loan > ₹2,00,000)

• Filled ECS Mandate Form

• IDs of 2 local witnesses and their presence during the deed signing

• PMJJBY and PMSBY documents

• Group Photograph of applicant, guarantor(s), witnesses, and officials

Frequently Asked Questions (FAQs)

• Q: What is the maximum loan amount available?
  A: Up to ₹5,00,000 for purchasing a commercial Light Motor Vehicle.

• Q: What is the family income limit for SC, OBC, and Minority categories?
  A: ₹1,20,000 per annum.

• Q: Is there an income limit for Safai Karamchari applicants?
  A: No, there is no income ceiling.

• Q: What type of license is needed?
  A: A valid Commercial Driving Licence with an LMV badge.

• Q: What is the processing fee?
  A: ₹350, to be paid via demand draft.

• Q: What is the loan repayment term and moratorium period?
  A: Repayment over 5 years (60 EMIs) with 6-month moratorium.

• Q: Are guarantors required?
  A: Yes, especially if the loan exceeds ₹2,00,000.

• Q: Are post-dated cheques mandatory?
  A: Yes, for loan amounts above ₹2,00,000.

• Q: Can a loan defaulter apply?
  A: No, applicants must not have defaulted on any previous DSFDC or bank loan.

Sources & References

• Transport Loan Scheme Guidelines

• DSFDC – Application Forms (available at HQ and branch offices)

Need assistance filling out the application or checking your eligibility? Drop your query in the comments or visit the nearest DSFDC office for personalized help!