Micro Credit Finance under NSKFDC- Haryana

Key Features

Financial Assistance

Component

Assistance Provided

Detailed Explanation of Component & Assistance Provided

Loan Amount

Up to ₹60,000 per beneficiary (through SHG)

Each member of the Self Help Group can avail micro credit.
For example, a group member may take ₹40,000 to start a tailoring unit or small shop.

Lending Model

Through SHGs

Loans are routed via Self Help Groups, ensuring collective responsibility.
For instance, a group of 10 members can collectively manage and repay loans.

Interest Rate

Concessional (as per NSKFDC norms)

The interest rate is lower than market rates, making repayment easier. Exact rate may vary as per latest guidelines.

Activity Coverage

Income-generating micro activities

Activities such as dairy, retail vending, or small services are supported, enabling quick income generation.

Eligibility Criteria

Non-Eligibility Conditions:

Documents Required

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:

Offline Process:

Frequently asked questions

What is the objective of Micro Credit Finance Scheme?

The scheme aims to provide small-value loans to Safai Karamcharis and their dependents through Self Help Groups to support income-generating activities and promote financial inclusion.

Who implements the scheme in Haryana?

The scheme is implemented through the Haryana Scheduled Castes Finance and Development Corporation acting as the State Channelising Agency for NSKFDC.

What is the maximum loan amount available?

The scheme provides micro credit of up to ₹60,000 per beneficiary through the Self Help Group structure.

Is SHG membership mandatory?

Yes, applicants must be part of a Self Help Group as the scheme operates on a group-based lending model.

What type of activities are supported?

The scheme supports small income-generating activities such as petty shops, dairy, tailoring, and other micro-enterprises.

What is the interest rate under the scheme?

The interest rate is concessional and defined by NSKFDC norms. It is generally lower than commercial lending rates.