Micro Finance Credit Line 2 for Minorities Haryana

Overview

The Micro Finance Scheme Credit Line 2 for Minority Community is a Haryana state government initiative providing enhanced micro-loans to minority individuals and self-help groups. It targets those who have already availed Credit Line 1 or need higher credit support for expanding their livelihood activities.

Objective

The scheme aims to meet the growing financial needs of minority community members who have demonstrated creditworthiness and need larger loans for business expansion. It builds on the foundation of Credit Line 1 to provide a progressive financial ladder.

Benefits

• Higher loan amount than Credit Line 1, typically up to Rs. 1.5 lakh per beneficiary
• Concessional interest rate for eligible borrowers
• Flexible repayment schedule
• Supports business expansion and working capital needs
• Priority for SHGs with strong repayment track records

Eligibility

• Residents of Haryana from notified minority communities (Muslim, Christian, Sikh, Buddhist, Jain, Parsi)
• Preferably those who have successfully repaid Credit Line 1 loans
• Annual family income within the prescribed limit
• Must be part of a registered SHG or have individual eligibility

Exclusions

• Applicants with active loan defaults in any government or bank scheme
• Non-minority community members
• Applicants residing outside Haryana

Application Process

1. Approach the Haryana Minority Finance and Development Corporation or district office
2. Fill the application form for Credit Line 2
3. Submit along with repayment track record from Credit Line 1 if applicable
4. Verification is done at the district level
5. Approved loans are disbursed through designated banks

Documents Required

• Minority community certificate
• Income certificate
• Aadhaar card and residence proof
• SHG registration documents
• Bank passbook copy
• Repayment records from Credit Line 1 loan (if applicable)