Micro Finance Credit Line 1 for Minorities Haryana

Overview

The Micro Finance Scheme Credit Line 1 for Minority Community is a Haryana government initiative targeting first-time borrowers from minority communities. It provides entry-level micro-credit support to help individuals and self-help groups start small income-generating activities.

Objective

The scheme aims to bring minority community members into the formal credit system by offering accessible, low-value loans with simple documentation and easy repayment. It acts as the first rung of the financial inclusion ladder for minority households.

Benefits

• Microloans up to Rs. 1 lakh per beneficiary
• Very low interest rate compared to market rates
• Simple documentation process
• Short repayment tenure to build credit discipline
• Pathway to larger credit under Credit Line 2

Eligibility

• Haryana residents belonging to notified minority communities
• Priority given to women members of registered SHGs
• Annual family income within the prescribed limit
• First-time borrowers with no existing government-backed loans

Exclusions

• Those already covered under Credit Line 2 or other minority finance schemes for the same purpose
• Non-residents of Haryana
• Applicants with past defaults in bank or government loans

Application Process

1. Contact the nearest Haryana Minority Finance and Development Corporation office
2. Obtain the Credit Line 1 application form
3. Fill in the form and attach supporting documents
4. Application is reviewed at the district level
5. Loan is disbursed through designated partner banks or SHG bank linkage

Documents Required

• Minority community certificate
• Income certificate from competent authority
• Aadhaar card and address proof
• SHG membership certificate
• Bank passbook copy
• Passport-size photographs