HWDC Individual Loan Scheme Haryana | Women Business Loan

Overview

The Individual Loaning Scheme is offered by the Haryana Women Development Corporation (HWDC) to provide direct loans to women who want to start or expand small businesses and self-employment activities. It is one of HWDC’s flagship credit programs targeting women across the state.

Unlike group lending models, this scheme gives individual women the credit they need without requiring group formation, making it faster and more accessible.

Objective

The scheme promotes economic self-reliance among women in Haryana by giving them direct access to formal credit. It reduces financial dependence and encourages women to engage in productive trade and enterprise.

Benefits

• Individual loans at concessional interest rates
• Loan amounts suited for micro and small businesses
• No group liability requirement
• Repayment tenure designed for women with variable income
• Builds credit history for future borrowing

Eligibility

• Must be a woman resident of Haryana
• Age: 18 to 55 years
• Annual family income within the HWDC-prescribed ceiling
• Must have a viable self-employment or business plan
• Must not have existing defaults on HWDC or other government loans

Exclusions

• Male applicants are not eligible
• Women above the income ceiling
• Non-Haryana residents
• Women with existing loan defaults with government bodies

Application Process

1. Visit the nearest HWDC district office
2. Collect the individual loan application form
3. Fill in personal, financial, and business-related details
4. Submit the completed form with required documents
5. HWDC officer reviews and verifies the application
6. Loan is sanctioned and disbursed to the applicant’s bank account

Documents Required

• Haryana residence or domicile certificate
• Aadhaar card
• Income certificate
• Business plan or description of proposed activity
• Bank account passbook copy
• Passport-size photographs
• Caste certificate if applicable for priority consideration