BLS

Big Loan Scheme

"Big Loan Scheme" aims to provide term loans up to ₹5,00,000/- for income-generating activities to eligible applicants from specific targets groups like SC, OBC, Minorities, Safai Karamcharis, and PwDs. The scheme is implemented by DSFDC in collaboration with National Apex Corporations.

State Cash

States / UT: Delhi

Nodal department: Social Welfare Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Business & Entrepreneurship

Sub-categories: Setting up / start-up / entrepreneurship, Loan

Target beneficiaries: Individual

Tags: Loan, Entrepreneur, Scheduled Caste, OBC, Minority, Safai Karamchari, Disability

Details

"Big Loan Scheme" by the Delhi Scheduled Castes/Other Backward Classes/Minorities & Handicapped Finance and Development Corporation Limited (DSFDC), Government of National Capital Territory (GNCT) of Delhi, aims to provide term loans up to ₹5,00,000/- for setting up income-generating activities under permissible non-polluting trades in Delhi. The scheme targets marginalized groups, including Scheduled Castes, Other Backward Classes, Minorities, Safai Karamcharis, and Persons with Disabilities. The scheme is implemented by DSFDC in collaboration with National Apex Corporations.

Benefits

  • Term loan of up to ₹5 00 000/- as a part of the total project cost / loan demanded by the aspirant applicants/beneficiaries on case to case basis. Repay the loan in 60 monthly installments over five years with a six-month moratorium period. For Persons with Disabilities the maximum repayment period is ten years with a three-month moratorium period

Term loan of up to ₹5,00,000/- as a part of the total project cost / loan demanded by the aspirant applicants/beneficiaries on case to case basis.
*Repay the loan in 60 monthly installments over five years with a six-month moratorium period.
*For Persons with Disabilities, the maximum repayment period is ten years with a three-month moratorium period.

Eligibility

  • The applicant should be a permanent resident of Delhi.
  • The applicant’s age should be between 18 and 50 years.
  • The applicant should be from one of the following target groups - Scheduled Castes, Other Backward Classes, Minorities, Safai Karamcharis, and Persons with Disabilities.
  • The annual family income of the applicant under Scheduled Castes, Other Backward Classes, and Minority categories should not exceed ₹1,20,000/- per annum.
  • For the creamy layer of the Minority category, the maximum income ceiling is ₹6,00,000/- per annum.
  • There is no income limit under Persons with Disabilities and Safai Karamchari categories.
  • The applicant should not have been declared a defaulter under any scheme of DSFDC, Nationalized Bank, Financial Institution, or Co-operative Bank.
  • The applicant should possess knowledge and experience as per the requirement of the scheme.
  • The applicant must have valid permissions like SSI Certificate, Pollution Control Certificate, or any other required permissions for setting up the Business/Industry (Manufacturing Unit) if required on a case-to-case basis.
  • The loan is provided for setting up of Income Generating Activities under the permissible non-polluting trades approved in Delhi. However for manufacturing units, the work place should be in approved industrial area.

Application Process

Offline

Step 1: Obtain the prescribed format of the application form from the DSFDC Head Office (Rohini) or Branch Offices (Rajpur Road, Nand Nagari, and Mangol Puri) or download the prescribed format of the application form from the official website.
Step 2: Take print of the form. Fill in all the mandatory fields completely and accurately, 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 nearest DSFDC office. Pay the processing fee of ₹350/-.
Review, Approval and Loan Sanction
Once your application is reviewed and approved, DSFDC will issue a Letter of Intent, and the loan will be disbursed subject to the completion of all formalities. You will be required to submit post-sanction documents, including guarantor details, photographs, and other required affidavits and proofs. After all formalities are completed, the loan amount will be disbursed to your account.

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What is the income limit for Other Backward Class applicants?
The annual family income for Other Backward Class applicants should not exceed ₹1,20,000/- per annum.
Is there an income limit for Safai Karamcharis applying for the loan?
No, there is no income limit for Safai Karamcharis applying for the loan.
Can someone who has defaulted on a previous loan apply for this loan?
No, applicants who have been declared defaulters under any scheme of DSFDC, Nationalized Banks, Financial Institutions, or Co-operative Banks are not eligible.
What is the process for Minority applicants to prove their community status?
Minority applicants must submit an affidavit declaring that they belong to a particular Minority community.
Are photographs of the workplace required with the application?
Yes, photographs of the workplace from different angles, showing its location and area, along with the applicant, are required.
What is the role of a guarantor in the loan application process?
A guarantor must provide their details, including photographs, undertaking, latest pay slip, and other documents, to support the applicant's loan application.
How many guarantors are required for the loan application?
The number of guarantors may vary depending on the loan amount, but they must be regular government or Public Sector Undertaking employees with at least six years of service remaining.
What is the repayment period for the loan?
The loan is to be repaid in 60 monthly installments over five years, with a six-month moratorium period.
Is there a different repayment period for Persons with Disabilities?
Yes, Persons with Disabilities have a maximum repayment period of ten years with a three-month moratorium period.
What is the maximum loan amount available under this scheme?
The maximum loan amount available under this scheme is ₹5,00,000/-.
Can the loan be used for setting up a manufacturing unit?
Yes, the loan can be used for setting up a manufacturing unit, provided the workplace is in an approved industrial area.
What is the moratorium period for loan repayment?
The moratorium period for loan repayment is six months, except for Persons with Disabilities, who have a three-month moratorium period.

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status