Composite Loan Scheme

The "Composite Loan Scheme" is managed by the Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi. The scheme aims to provide need-based financial support to individuals from Scheduled Castes, Scheduled Tribes, Other Backward Classes, Minorities, and Persons with Disabilities to help them pursue various income-generating activities. The scheme encourages self-employment and entrepreneurship, promoting economic independence and social inclusion for the targeted groups.

Maximum Permissible Loan Amount

• For the SC category, the need-based loan is up to ₹3,00,000/-.
• For OBC, Minority and PwD categories, the need-based loan amount is up to ₹1,00,000/-.

• The applicant should be from one of the following target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability.
• The applicant should be a resident of Delhi.
• The applicant's age should be between 18 to 50 years.
• The annual family income of the applicant (from all sources) should not exceed ₹1,20,000/-.
• The applicant should be willing to pursue one of the income-generating activities 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.

Offline

Step 1: The interested applicant should take print of the prescribed format of the application form.
Step 2: In the application form, fill in all the mandatory fields, 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 Branch In-Charge / Section In-Charge of the Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT of Delhi.
Step 4: Request a receipt or acknowledgement.

• 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.

Guarantor’s Documents

• 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.