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Banking,Financial Services and Insurance; Business & Entrepreneurship

Professional and Self Employment Scheme (HSFDC)

Under this scheme, the Corporation provides loans/benefits to individuals from BPL families, whose annual family income does not exceed ₹1,80,000/-, in rural & urban areas. These loans support self-employment activities in fields such as legal profession, Chartered Accountancy, medical practice etc.

Authority

State/ UT

Region

Haryana

Status

Verified 2026

Updated

March 2026

What you get

Project Cost Ceiling: | - Up to ₹1,50,000/-. | Subsidy: | - Subsidy @ 50% of the total project cost (Maximum amount of subsidy is ₹10,000/-) | Margin Money: | - The Corporation provides margin money @ 10% of the project cost. | - Margin money is provided @ 4% interest per annum. | - The interest on bank loan is charged by the banks at their lending policies. | Bank Loan: | - Besides subsidy and margin money, the composite loan i.e. subsidy and margin money, and the balance amount of the bank loan is provided by the banks to the seller of the assets on behalf of the beneficiaries. | Interest criteria for the loan amount recoverable by HSFDC: | Upto Amount ( ₹)Interest % P.A.Penal Interest % P.A.15,000/- 4 4 | Interest Starts onPenalty Start AfterPrincipal Recovery Starts AfterInstallment Starts AfterInstallment PeriodSame Day180 Days360 Days 180 Days 180 Days

Who can apply

The applicant should be a resident of Haryana.; The applicant should belong to the Scheduled Caste Category.; The applicant should belong to the Below Poverty Line (BPL) family.; The applicant's annual family income should not exceed ₹1,80,000/- in both rural and urban areas.; The applicant's annual family income should not exceed the BPL limit.; The applicant's name should be included in the BPL Survey List.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Who implements the Professional and Self Employment Scheme?

The Haryana Scheduled Castes Finance and Development Corporation (HSFDC) implements the scheme in collaboration with bank tie-up schemes.

What is the maximum project cost under the scheme?

The project cost ceiling is up to ₹1,50,000/-.

How much subsidy is provided under the scheme?

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

What is margin money, and how is it provided?

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

How is the bank loan structured in this scheme?

The composite loan includes the subsidy, margin money, and the balance amount of the bank loan provided to the seller of the assets on behalf of the beneficiaries.

Can individuals from urban areas apply for this scheme?

Yes, individuals from both rural and urban areas can apply, provided they meet the eligibility criteria.

What professional fields are supported under this scheme?

Fields such as legal profession, Chartered Accountancy, medical practice, and other viable professional activities.

What is the annual family income limit to be eligible for the scheme?

The annual family income should not exceed ₹1,80,000/-.

Is there an interest rate on the bank loan under this scheme?

Yes, the interest on the bank loan is charged by the banks according to their lending policies.

How can I apply for the scheme?

You can apply by visiting the official website of Haryana Scheduled Castes Finance and Development Corporation: https://hscfdc.org.in/appreg.

How is the eligibility of the applicant verified?

The eligibility is verified by the field staff before sponsoring the application to the bank for sanction.

Is the scheme available to non-scheduled caste individuals?

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