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The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam provides term loans up to ₹20 Lakhs Read More... at a good interest rate to minority communities to help them improve their job prospects. Read less

Details

Are you from a minority community in Haryana and looking for financial support to enhance your skills or start a new venture? The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam has a scheme that might be just what you need.

What Is This Scheme?

The 'Term Loan Scheme - Credit Line 1 for Minority Community' is an initiative by the Haryana government. Its main goal is to offer financial assistance in the form of loans to individuals belonging to minority communities. This support aims to help them become more employable or improve their economic standing.

Who Can Benefit From This Scheme?

This scheme is designed for permanent residents of Haryana who belong to specific minority communities. If you are a Muslim, Sikh, Christian, Buddhist, Parsi, or Jain, and meet the income and age criteria, you can benefit from this loan facility.

Why This Scheme Is Important

In today's competitive world, financial resources play a crucial role in skill development and career growth. This scheme addresses that need by providing substantial loans at a reasonable interest rate, enabling individuals from minority communities to access opportunities they might otherwise miss.

Objective

The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam provides term loans up to ₹20 Lakhs at a good interest rate to minority communities to help them improve their job prospects.

Benefits

For Women Entrepreneur:2% of their export value limited to a maximum of ₹30,00,000/-.

For Other Entrepreneur:1% of their export value limited to a maximum of ₹20,00,000/-.

Note:Enterprises will be eligible for incentive for every annual year during the Scheme period.

Sources and references

Guidelines

Eligibility Criteria

You must be a permanent resident of Haryana.
Your age should be between 18 and 55 years.
Your annual family income should not be more than ₹98,000/- if you live in a rural area, or ₹1,20,000/- if you live in an urban area.
You must belong to one of the recognized minority communities: Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains.
You need to have a Parivar Pehchan Patra (PPP ID).

How To Apply

Applying for this loan is straightforward. Eligible candidates can submit their applications online through the official Antyodaya-SARAL Portal. Make sure you have all the required documents ready before you start the application process.

Apply online at: https://saralharyana.gov.in/

Documents Required

Aadhaar Card for identity and citizenship verification.
Proof of your age.
Haryana Domicile Certificate for residency proof.
Proof of your caste, religion, or community.
Your Parivar Pehchan Patra (PPP ID).
A copy of your PAN Card.
Recent passport-size photograph of yourself.
Details of your bank account.
Any other documents the authorities may ask for.

FAQ’s

What is the maximum loan amount I can get under this scheme?

You can receive a loan of up to ₹20,00,000/- (Twenty Lakh Rupees) through this scheme.

Which communities are considered minority communities for this loan?

The scheme recognizes Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains as minority communities.

What is the age range for applicants of this loan?

Applicants must be between 18 years old and 55 years old.

What is the income limit for applicants from rural areas?

For applicants residing in rural areas, the annual family income should not exceed ₹98,000/-.

What is the income limit for applicants from urban areas?

If you are from an urban area, your annual family income should not go beyond ₹1,20,000/-.

Do I need to be a Haryana resident to apply?

Yes, it's essential that you are a permanent resident of Haryana to be eligible for this scheme.

How do I apply for this term loan?

You can easily apply online by visiting the Antyodaya-SARAL Portal at https://saralharyana.gov.in/

Can I check the status of my loan application online?

Yes, you can track your application status online. Visit https://status.saralharyana.nic.in/ and provide your Department Name, Scheme Name, and Application Reference ID.