Individual loaning scheme: Haryana Women Development Corporation
Individual Loaning Scheme is implemented by the Haryana Women Development Corporation (HWDC) under the Government of Haryana. The scheme is designed to promote self-employment among women, especially from economically weaker sections, by providing financial assistance for income-generating activities. It operates through a revolving fund mechanism and supports women entrepreneurs in starting or expanding small businesses. As an MSME or aspiring woman entrepreneur, your business can benefit from concessional loans, enabling you to achieve financial independence and sustainable livelihood growth.
Key Features
- Exclusive support for women entrepreneurs: The scheme is designed specifically for women, ensuring targeted financial inclusion and encouraging entrepreneurship among them.
- Revolving fund mechanism: Funds are recycled as loans are repaid, ensuring continuous availability of financial support for new beneficiaries.
- Support for micro-enterprises: The scheme focuses on small-scale income-generating activities such as tailoring, handicrafts, retail shops, and service-based businesses.
- Affordable financing: Loans are provided at concessional interest rates, making it easier for you to manage repayments and sustain your enterprise.
Financial Assistance
Eligibility Criteria
- Applicant must be a woman
- Must be a resident of Haryana
- Should belong to economically weaker section
- Must be willing to start or expand an income-generating activity
- Should not be a defaulter of any financial institution
Non-Eligibility Conditions:
- Male applicants
- Non-residents of Haryana
- Applicants not engaged in income-generating activities
- Defaulters of previous loans
Documents Required
- Aadhaar Card
- Haryana Domicile Certificate
- Income Certificate
- Bank account details
- Passport size photograph
- Business activity details
Application Process
Option 1: Apply with Bullit, Recommended
Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.
Option 2: Apply Online / Offline (Government Process)
Online Process:
- Visit Haryana Women Development Corporation portal
- Register and login
- Fill application form
- Upload required documents
- Submit application
- Receive acknowledgement number
- Track status online
- Escalate through grievance system if required
Offline Process:
- Visit HWDC office or authorised centre
- Fill application form
- Attach required documents
- Submit to concerned authority
- Receive acknowledgement receipt
- Follow up for status
Frequently asked questions
What is the objective of the Individual Loaning Scheme?
The scheme aims to promote self-employment among women by providing financial assistance for income-generating activities, helping them achieve financial independence.
Who is eligible to apply?
Women who are residents of Haryana and belong to economically weaker sections are eligible to apply under the scheme.
What is the maximum loan amount available?
The scheme generally provides loan assistance up to ₹1 lakh under the revolving fund mechanism.
What types of activities are supported?
The scheme supports small-scale businesses such as tailoring, handicrafts, retail shops, and service-based activities.
What is the interest rate under the scheme?
The interest rate is concessional and determined by Haryana Women Development Corporation guidelines.
Is collateral required for the loan?
Typically, small loans under this scheme do not require collateral, but conditions may vary as per guidelines.