Composite Loan Scheme

About This Scheme

Benefits

Eligibility

• •

  The applicant should be from one of the following target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability.
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  The applicant should be a resident of Delhi.
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  The applicant's age should be between 18 to 50 years.
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  The annual family income of the applicant (from all sources) should not exceed ₹1,20,000/-.
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  The applicant should be willing to pursue one of the [income-generating activities](https://dsfdc.delhi.gov.in/sites/default/files/clsschemdetails.pdf) given in the scheme guidelines.- The applicant must have a proper workplace, for starting the proposed activity, either owned or rented.
• •

  The applicant should not have been declared a defaulter under any of the schemes being implemented by DSFDC.

Required Documents

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  Aadhaar Card as Proof of Identity and Residence.
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  Caste Certificate Issued by the Government of Delhi or Affidavit, in Case the Applicant Belongs to Any of the Minority Community.
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  PWD Certificate Issued by Govt. Hospital Showing Minimum 40% Disability, is Required if the Person Belongs to the PwD Category.
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  Age Proof in the Form of Birth Certificate / School Leaving Certificate / Affidavit.
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  Income Certificate in the Form of Affidavit.
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  Affidavit about Non-Availing of Loan from Any Financial Institution/Govt. Organization.
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  Estimate of the Items/Machines to be Procured for the Proposed Activity.
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  Ownership Proof of Workplace i.e. Electricity Bill/Water Bill/Telephone Bill (MTNL) or Any Other Document of Property.
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  Rent Agreement and ID Proof of the Owner of the Workplace in Case the Workplace is on Rent.
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  Affidavit of No Objection Certificate for Workplace, if the Workplace is Owned by Any of the Relatives (Blood Relation).
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  Affidavit of Personal Guarantee.
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  ECS (Electronic Clearing Service) Mandate in the Prescribed Format, Towards Repayment of Loan, Along with 05 Blank CTS (Cheque Truncation System) Post-Dated Cheques in Favour of DSFDC (Delhi SC/ST/OBC/Minority/Handicapped Financial and Development Corporation) and One Blank Cancelled Cheque for Making Payment Through RTGS (Real Time Gross Settlement).
• ✦
  Five Blank Post-Dated Cheques of the Guarantor are Also Required if the Loan Amount is Above ₹2,00,000/-.
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  Affidavit of Legal Heir of Applicant.
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  ID Proof of Legal Heir with Passport-Size Photo.
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  Copy of Insurance Receipt under Prime Minister Suraksha Bima Yojna (PMSBY) and Prime Minister Jiwan Jyoti Bima Yojna (PMJJBY).
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  The Applicant is Required to Bring Two Witnesses Along with Their ID Proof.
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  Group Photograph Showing Applicant, Guarantor, Two Witnesses, Branch In-Charge & Dealing Assistant.
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  Demand Draft of ₹350/- in Favour of DSFDC Towards Processing Fee.
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  Original Pay Slip of Guarantor.
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  Copy of Office Identity Card of Guarantor.
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  Aadhaar Card of Guarantor as Proof of Residence.
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  Affidavit of Guarantor & Undertaking in the Prescribed Format.
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  Date of Birth Proof of Guarantor.
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  Five Passport-Size Photographs of the Guarantor.
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  In Case of a Loan Above ₹2,00,000/-, Five Blank Cheques from Guarantors
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  OR (in Case of Collateral Security) Original Property Document, in Case of Immovable Property and NOC (No Objection Certificate) from the Owner of the Property with Complete Chain Documents.
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  OR Original Collateral Security in the Shape of NSC (National Savings Certificates)/KVP (Kisan Vikas Patra)/FDR (Fixed Deposit Receipt) and Letter of Lien in Favour of DSFDC.
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  In the Case of Loan Up to ₹50,000/-, No Guarantor or Collateral Security is Required. However, the Same Shall be Discretionary. But the Applicant Shall Have to Produce Two References/Names of Prominent Persons, Who are Permanent Residents of Delhi and Reside in the Area Where the Applicant Resides.

✦ Required ◦ Optional

How to Apply