Composite Loan Scheme
"Composite Loan Scheme" aims to provide need-based financial support to individuals from Scheduled Castes, Scheduled Tribes, Other Backward Classes, Minorities, and PwDs to help them pursue various income-generating activities. The scheme encourages self-employment and entrepreneurship.
About the Composite Loan Scheme Scheme
The "Composite Loan Scheme" is managed by the Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi. The scheme aims to provide need-based financial support to individuals from Scheduled Castes, Scheduled Tribes, Other Backward Classes, Minorities, and Persons with Disabilities to help them pursue various income-generating activities. The scheme encourages self-employment and entrepreneurship, promoting economic independence and social inclusion for the targeted groups.
Benefits
Maximum Permissible Loan Amount
- For the SC category, the need-based loan is up to ₹3,00,000/-.
- For OBC, Minority and PwD categories, the need-based loan amount is up to ₹1,00,000/-.
Eligibility Criteria
- The applicant should be from one of the following target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability.
- The applicant should be a resident of Delhi.
- The applicant's age should be between 18 to 50 years.
- The annual family income of the applicant (from all sources) should not exceed ₹1,20,000/-.
- The applicant should be willing to pursue one of the income-generating activities given in the scheme guidelines.- The applicant must have a proper workplace, for starting the proposed activity, either owned or rented.
- The applicant should not have been declared a defaulter under any of the schemes being implemented by DSFDC.
How to Apply for Composite Loan Scheme
Application mode: Offline
Step 1: The interested applicant should take print of the prescribed format of the application form.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph, and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents, to the Branch In-Charge / Section In-Charge of the Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi.
Step 4: Request a receipt or acknowledgement.
Frequently Asked Questions
What is the Composite Loan Scheme scheme?
The "Composite Loan Scheme" is managed by the Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi. The scheme aims to provide need-based financial support to individuals from Scheduled Castes, Scheduled Tribes, Oth…
Who is eligible for Composite Loan Scheme?
The applicant should be from one of the following target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability. The applicant should be a resident of Delhi. The applicant&39;s age should be between 18 to 50 years. The annual family income of the applican…
What benefits does Composite Loan Scheme provide?
Maximum Permissible Loan Amount For the SC category, the need-based loan is up to ₹3,00,000/-. For OBC, Minority and PwD categories, the need-based loan amount is up to ₹1,00,000/-.
How can I apply for Composite Loan Scheme?
Step 1: The interested applicant should take print of the prescribed format of the application form. Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph, and attach copies of all the mandatory documents (self-attest, if required). Step 3: Submit th…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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