New Swarnima Scheme - HBCKN
The New Swarnima Scheme is implemented in Haryana by the Haryana Backward Classes & Economically Weaker Sections Kalyan Nigam (HBCKN) in collaboration with the National Backward Classes Finance and Development Corporation (NBCFDC). The scheme is specifically designed to promote self-employment among women belonging to Backward Classes (BC) in the state. It is important to note that the scheme does not separately target Economically Weaker Sections (EWS) under this component.
The primary objective of the scheme is to provide concessional term loans at low interest rates to eligible women entrepreneurs so they can start or expand income-generating activities such as small businesses, services, or micro-enterprises. By offering affordable credit, a high proportion of project cost funding, and flexible repayment options, the scheme aims to improve financial independence and socio-economic upliftment. For you as a woman entrepreneur from the Backward Classes in Haryana, this scheme can significantly reduce the financial barriers to starting or expanding your business.
Key Features
- Focus on BC Women Entrepreneurs - The scheme is exclusively designed for women belonging to the Backward Classes category, ensuring targeted financial inclusion and entrepreneurship development.
- High Project Financing Support - Up to 95% of the project cost may be financed through the scheme, which significantly reduces the initial capital requirement for the beneficiary.
- Concessional Interest Rate Structure - NBCFDC provides funds to the state agency at a lower rate (around 2%), which are then passed on to beneficiaries at a concessional rate of approximately 5% per annum, making borrowing affordable.
- Flexible Repayment Structure - The loan can be repaid over a period of up to 8 years, including a moratorium period of about 6 months on principal repayment, allowing businesses time to stabilise.
- Quarterly Repayment System - Repayment is structured in quarterly instalments, making it easier for beneficiaries to manage cash flows.
Financial Assistance
Eligibility Criteria
To qualify for benefits under the scheme, applicants must meet the following conditions:
- The applicant must be a woman belonging to the Backward Classes (BC).
- The applicant must be a resident of Haryana.
- The annual family income should be up to approximately ₹3 lakh.
- The applicant must be willing to undertake self-employment activities.
- The applicant should not be a defaulter of any bank or financial institution.
- The applicant should meet other guidelines prescribed by HBCKN/NBCFDC.
Documents Required
Key documents typically required include:
- Aadhaar Card
- Residence proof (Haryana)
- Backward Class (BC) certificate
- Income certificate
- Bank account details
- Passport size photographs
- Basic business plan or 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 the official Haryana welfare or HBCKN portal.
- Register and log in.
- Fill in the application form for the scheme.
- Upload required documents.
- Submit the application.
- Track the application status online.
Offline Process
- Visit the nearest HBCKN office or district welfare office.
- Obtain the application form.
- Fill in details of the proposed business activity.
- Attach required documents.
- Submit the application to the office.
- The application is verified and forwarded for loan sanction.
Frequently asked questions
What is the objective of the New Swarnima Scheme?
The scheme aims to promote self-employment among women belonging to Backward Classes by providing concessional loans for starting or expanding small businesses.
Who implements the scheme in Haryana?
The scheme is implemented by the Haryana Backward Classes & Economically Weaker Sections Kalyan Nigam in collaboration with NBCFDC.
Who can apply for this scheme?
Only women belonging to the Backward Classes category and residing in Haryana can apply, subject to income and other eligibility conditions.
What is the maximum loan amount available?
Eligible beneficiaries can avail loans up to ₹2 lakh under the scheme.
What is the interest rate charged on the loan?
The loan is provided at a concessional rate of approximately 5% per annum at the beneficiary level.
How much of the project cost is financed?
Up to about 95% of the project cost can be financed under the scheme, reducing the need for personal contribution.