Composite Loan Scheme

About This Scheme

Benefits

Eligibility

• •
• •
• •
• •
• •
• •

Required Documents

• ✦
  Aadhaar Card as Proof of Identity and Residence.
• ✦
  Caste Certificate Issued by the Government of Delhi or Affidavit, in Case the Applicant Belongs to Any of the Minority Community.
• ✦
  PWD Certificate Issued by Govt. Hospital Showing Minimum 40% Disability, is Required if the Person Belongs to the PwD Category.
• ✦
  Age Proof in the Form of Birth Certificate / School Leaving Certificate / Affidavit.
• ✦
  Income Certificate in the Form of Affidavit.
• ✦
  Affidavit about Non-Availing of Loan from Any Financial Institution/Govt. Organization.
• ✦
  Estimate of the Items/Machines to be Procured for the Proposed Activity.
• ✦
  Ownership Proof of Workplace i.e. Electricity Bill/Water Bill/Telephone Bill (MTNL) or Any Other Document of Property.
• ✦
  Rent Agreement and ID Proof of the Owner of the Workplace in Case the Workplace is on Rent.
• ✦
  Affidavit of No Objection Certificate for Workplace, if the Workplace is Owned by Any of the Relatives (Blood Relation).
• ✦
  Affidavit of Personal Guarantee.
• ✦
  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/-.
• ✦
  Affidavit of Legal Heir of Applicant.
• ✦
  ID Proof of Legal Heir with Passport-Size Photo.
• ✦
  Copy of Insurance Receipt under Prime Minister Suraksha Bima Yojna (PMSBY) and Prime Minister Jiwan Jyoti Bima Yojna (PMJJBY).
• ✦
  The Applicant is Required to Bring Two Witnesses Along with Their ID Proof.
• ✦
  Group Photograph Showing Applicant, Guarantor, Two Witnesses, Branch In-Charge & Dealing Assistant.
• ✦
  Demand Draft of ₹350/- in Favour of DSFDC Towards Processing Fee.
• ✦
  Original Pay Slip of Guarantor.
• ✦
  Copy of Office Identity Card of Guarantor.
• ✦
  Aadhaar Card of Guarantor as Proof of Residence.
• ✦
  Affidavit of Guarantor & Undertaking in the Prescribed Format.
• ✦
  Date of Birth Proof of Guarantor.
• ✦
  Five Passport-Size Photographs of the Guarantor.
• ✦
  In Case of a Loan Above ₹2,00,000/-, Five Blank Cheques from Guarantors
• ✦
  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.
• ✦
  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.
• ✦
  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