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Haryana Professional and Self-Employment Scheme (HSFDC)– Eligibility, Benefits & Application Process

Komal Bajpai

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Updated: 25-03-2026 at 3:30 PM

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500K+ Users

Haryana continues to prioritise inclusive growth by ensuring that marginalised communities actively participate in economic development. The state has introduced several targeted welfare initiatives for Scheduled Caste (SC) families living below the Poverty Line (BPL). Among these, the Professional and Self-Employment Scheme Haryana stands out as a structured financial support programme designed to help skilled individuals establish sustainable professional practices and small enterprises.

Implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC), this initiative combines subsidy support, concessional margin money and bank loans to reduce financial barriers. The scheme is widely recognised as an important SC loan scheme in Haryana, supporting entrepreneurship and income generation in both rural and urban areas.

Professional and Self-Employment Scheme Overview

This overview will help readers quickly understand the financial structure, eligibility norms, and operational framework before exploring detailed sections.

Particulars	Details
Scheme Name	Professional and Self-Employment Scheme
Implementing Authority	Haryana Scheduled Castes Finance and Development Corporation (HSFDC)
Target Beneficiaries	Scheduled Caste individuals from BPL families
Project Cost Ceiling	Up to ₹1,50,000
Subsidy	50% of project cost (Maximum ₹10,000)
Margin Money	10% of the project cost at 4% interest p.a.
Bank Loan	Remaining balance financed by the bank
Income Limit	Annual family income not exceeding ₹1,80,000
Coverage Area	Rural and Urban Haryana
Mode of Application	Online and Offline

Also Read: Haryana Deendayal Lado Laxmi Yojana

What Is The Professional and Self-Employment Scheme (HSFDC)?

The Professional and Self-Employment Scheme Haryana, is a credit-linked assistance programme implemented through bank tie-ups. It supports Scheduled Caste individuals belonging to BPL families who wish to establish professional practices or income-generating businesses.

Unlike general self-employment initiatives, this scheme specifically encourages skilled and qualified professionals in fields such as:

Legal practice (advocates).
Chartered Accountancy and accounting services.
Medical and paramedical practice.
Technical consultancy.
Other viable professional or service-based enterprises.

The scheme provides a structured financial package comprising a subsidy, margin money and bank credit. This approach reduces dependence on informal money lenders who often charge exorbitant interest rates. As a result, the initiative functions as a structured SC/ST business loan Haryana model with institutional backing.

Objectives Of The Professional And Self-Employment Scheme

The plan has been developed with a definite socio-economic agenda that can be aligned with the priorities of state welfare. Its key objectives include:

To encourage Scheduled Caste youth and professionals to be self-reliant.
To minimise unemployment in BPL SC families of Haryana.
To offer cheap credit facilities to professional and income-generating businesses.
To promote entrepreneurship in the socially disadvantaged areas.
To enhance financial inclusion through the association of beneficiaries with formal banking.
To raise the household income level and the quality of life.

Through these objectives, the scheme transforms job seekers into job creators and strengthens the impact of the HSFDC self-employment scheme across Haryana.

Features Of The Professional And Self-Employment Scheme

The scheme uses several structured features, which would provide financial sustainability and adequate fund use. The main characteristics of the operational framework are below:

Project Cost Ceiling: The projects with a cost of up to 1,50,000 are financially supported.
Subsidy Component: The scheme offers a subsidy of fifty per cent of the cost of the project, with a maximum amount of 10000.
Margin Money Support: HSFDC provides margin money at the rate of 4% per annum of the project cost at a concession rate of 10%.
Bank Tie-Up Model: The balance is borrowed by the banks in their lending policies.
Direct Payment to Seller: The composite loan amount (subsidy + margin money + bank loan) is directly paid to the asset seller on behalf of the beneficiary, so as to ensure that the money is well utilised.
Concessional Interest Structure: HSFDC will impose 4% interest per annum on the recoverable loan amounts up to 15,000 rupees with a penalty interest of 4 per cent.
Planned Repayment Schedule:
The interest begins on the same day of disbursement.
Penal interest starts after 180 days of default.
Principal recovery begins after 360 days.
Instalments start after 180 days.
Instalment period: 180 days and onwards as scheduled.
All these characteristics make the scheme clear-cut and affordable.

This structure ensures both affordability and financial discipline, making it an effective Haryana self-employment subsidy model.

Also Read: Senior Citizen Card Haryana Apply Online Complete Process

Benefits Of The Professional And Self-Employment Scheme

The Professional and Self-Employment Scheme have a financial and socio-economic benefits. The largest benefits that beneficiaries will receive are listed below:

Interest-free or Low-Interest Financial Aids: The subsidy and low-interest margin money go a long way in decreasing the capital expense.
Reduction of Capital Requirement: The subsidy component means that the beneficiaries will have low initial capital.
Access to bank Credit: The scheme helps to enhance formal banking relations, enhancing creditworthiness in the future.
Income Stability: A professional career or a business venture offers long-term security of income.
Decrease in Informal Borrowing: The beneficiaries do not take loans at high-interest rates from private money lenders.
Skill Utilisation: Professional people who are qualified can use their training and education to earn a living.

Beyond monetary gains, the scheme fosters dignity, independence and sustainable livelihoods. It remains one of the most accessible SC loan Scheme Haryana options available for professional ventures.

What Is The Eligibility Criteria For The Professional And Self-Employment Scheme?

Understanding the Eligibility for the Professional and Self-Employment Scheme is essential before applying. HSFDC has defined clear criteria to ensure benefits reach the intended target group.

The candidate should also reside permanently in Haryana.
The candidate should be part of the Scheduled Caste category.
The candidate should be a family member of the Below Poverty Line (BPL).
The maximum annual family income should be 1,80,000,000 in the rural and urban areas.
The name of the applicant should be included in the official list of the BPL survey.
The income should be within the recommended BPL.

Field verification is conducted before forwarding proposals to partner banks for sanction. Meeting the eligibility for the Professional and Self-Employment Scheme significantly increases approval chances.

What Is The Registration And Application Process Of The Professional And Self-Employment Scheme?

Registartion Process

Step 1: Go to the official site of Haryana Scheduled Castes Finance and Development Corporation.

Step 2: Scroll down the page and choose the scheme in the area of Bank Tie-up Scheme.

Step 3: Select Apply for Loan in order to start registration.

Step 4: Add your personal information like name, Aadhaar number, email ID, mobile number and captcha code.

Step 5: Use OTP to confirm your mobile number by clicking on Register.

Step 6: When the application form is successfully verified, it will open.

Step 7: Provide preliminary information to create your User ID and password.

These steps clarify how to apply for an HSFDC loan through the online portal.

Online Application Process

After registration, the applicants are expected to log in and fill out their application. The following are the steps involved in the entire online application process.

Step 1: Go to the official HSFDC site and access the button Login.

Step 2: Type in your User ID, password and captcha code.

Step 3: Click on the dashboard to log in.

Step 4: Press the button to edit the profile and insert the necessary information.

Step 5: Complete surety information and upload all the necessary documents.

Step 6: Go through the application and then click on Final Submit.

Step 7: Download or print the application after submission so that you may use it later.

After submission, field verification and bank appraisal are conducted before sanction. This digital route simplifies how to apply for an HSFDC loan and speeds up processing.

Also Read: What Is The Haryana Saksham Yuva Scheme?

Offline Application Process

Those applicants who would like to submit their applications offline may do it in the specific district offices. The offline process entails the following steps.

Step 1: Pay a visit to the closest District Welfare Office or HSFDC office.

Step 2: Gather the prescribed application form of the Professional and Self-Employment Scheme.

Step 3: Complete the form by giving proper personal and financial information.

Step 4: Provide all the required supporting documents.

Step 5: Hand in the filled form to the relevant person in the office.

Step 6: Wait to have verification and subsequent communication by HSFDC or the partnered bank.

Offline applications come in handy, especially for those applicants who lack access to the internet, et especially in rural areas.

List Of Documents Required For The Professional and Self-Employment Scheme

To facilitate easy processing, the applicants should prepare a set of documents that will be complete. The scheme has mandatory documents as listed below:

Aadhaar Card.
Passport-size photographs.
Ration Card.
Voter ID or other authentic identity documents.
Scheduled Caste Certificate.
BPL Card or original physical records of BPL.
Income Certificate.
Bank account details.
Any other documents needed by the authorities

Accurate documentation ensures faster approval under this SC/ST business loan Haryana initiative.

Conclusion

The Professional and Self-Employment Scheme Haryana, implemented by HSFDC, is a structured and impactful initiative aimed at empowering Scheduled Caste families below the poverty line. By combining subsidy support, concessional margin money and institutional bank loans, the scheme reduces financial barriers that often prevent skilled individuals from pursuing professional careers.

With a project ceiling of ₹1,50,000 and clearly defined repayment norms, this programme represents a strong Haryana self-employment subsidy framework. It promotes entrepreneurship, enhances financial inclusion and contributes to poverty reduction.

For eligible beneficiaries, the scheme is not merely financial assistance—it is a pathway to sustainable income, social dignity and long-term economic independence through the HSFDC self-employment scheme.

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