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.
Composite Loan Scheme - Introduction
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
- 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.
Application Process
- Step 1: The interested applicant should take a print of the application form from dsfdc.delhi.gov.in.
- Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph, and attach self-attested copies of all the mandatory documents.
- 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.