Term Loan Scheme for Backward Classes
By Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam
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Quick Answer
The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam offers term loans up to ₹15 lakh at 6-8% interest to Backward Class individuals in Haryana to enhance their employability.
About this loan
The Term Loan Scheme for Backward Classes, implemented by the Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam, a Government of Haryana undertaking, aims to uplift individuals from the Backward Classes by providing crucial financial assistance. This scheme is designed to address the economic disparities faced by these communities by offering accessible credit for self-employment ventures, skill development, and other activities that enhance employability. By providing loans at a subsidized interest rate, the Nigam facilitates entrepreneurship and economic independence among eligible residents of Haryana, contributing to inclusive growth and poverty reduction across both rural and urban areas of the state. The program serves as a vital tool for empowering individuals to pursue their entrepreneurial dreams or upgrade their professional skills, thereby integrating them more effectively into the mainstream economy.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
Benefits & Funding
- Amount
- Up to ₹15L
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
This scheme provides term loans of up to ₹15,00,000/- at a highly subsidized annual interest rate ranging from 6% to 8%. The financial assistance is specifically targeted at individuals from Backward Classes in Haryana, enabling them to enhance their employability. This can be achieved through various means, such as starting a new small business, expanding an existing micro-enterprise, purchasing necessary equipment or machinery, or investing in skill development programs that directly lead to better economic opportunities. The loan is disbursed directly to the eligible individual, providing a significant boost to their financial capacity and promoting self-reliance.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Register on Antyodaya-SARAL Portal
The applicant registers on the Antyodaya-SARAL Portal by providing personal details and verifying their contact information.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the maximum loan amount available under this scheme?
Individuals from Backward Classes can avail term loans of up to ₹15,00,000/- (Rupees Fifteen Lakhs only) under this scheme.
What are the interest rates for the loan?
The loans are provided at a subsidized annual interest rate ranging from 6% to 8%.
Who is eligible to apply for this loan scheme?
Applicants must be permanent residents of Haryana, belong to the Backward Classes category, be between 18 and 55 years old, and have an annual family income not exceeding ₹3,00,000/-. A Parivar Pehchan Patra (PPP ID) is also mandatory.
How do I apply for the Term Loan Scheme for Backward Classes?
Applications must be submitted online through the official Antyodaya-SARAL Portal. You will need to register on the portal if you are a new user, log in, search for the scheme, and then fill out the application form by entering your Parivar Pehchan Patra (PPP ID) and uploading mandatory documents.
What is the purpose of this loan?
The scheme aims to enhance the employability of individuals from Backward Classes by providing financial support. This can include funds for starting a new business, expanding an existing one, purchasing equipment, or for skill development to improve economic prospects.
Is there a deadline for applying to this scheme?
No specific deadline is mentioned. Applications are accepted on an ongoing, rolling basis through the Antyodaya-SARAL Portal, allowing eligible individuals to apply at their convenience.
