GUIDELINES
Details : Through the "Direct Lending Scheme", the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC) provides direct loans for the economic upliftment of the members of the Scheduled Castes and Handicapped People in the state of Punjab. In order to be eligible, the applicant should be from the Scheduled Caste category, and the age should be between 18 to 55 years. This is a 100% State Sponsored Scheme, and only the permanent residents of the state of Punjab can apply for this scheme.
Benefits : -
1. Loan Amount: The loanees are eligible for a subsidy of special Central Assistance @ 50% of the loan amount or ₹ 10,000/- (whichever is less).
2. Sources of Funds: Share Capital Funds
3. Repayment Period: The period varies according to the kind of project with monthly, bimonthly, quarterly, or half-yearly installments with a maximum period of repayment of 15 years for land purchase cases.Rate of Interest: Up To 50,000/- @ 5% and above ₹ 50,000/- @8%.
Note: Penal Interest @ 5% is charged for delayed payment/ non-repayment/violation of terms and conditions of the loan.
Eligibility : -
1. The applicant should be a citizen of India.
2. The applicant should be a domicile / permanent resident of the state of Punjab.
3. The applicant should be from Below Poverty Line (BPL).
4. The applicant should be from the Scheduled Caste category OR the applicant should be a Person with Disability (PwD)
5. The age of the applicant should be between 18 to 55 years.
6. (At the time of considering the loan case of the applicant) The annual family income of the applicant (from all sources) should be less than or equal to ₹ 1,00,000/- (In case the applicant is unemployed, and intends to start his/her own business, his/her family income may not be taken into consideration).
7. The applicant should not already be availing the benefits of the scheme.
Application Process(Offline) : -
Step 01: The person intending to apply for the pension is to furnish the required particulars in the prescribed format only.
Step 02: The application form shall be obtainable free of cost from the local offices of the District Social Welfare Officer or the Child Development Project Officers.
Step 03: The applicant has to fill the application form completely and attach all the relevant documents with the application form. The application form shall be submitted in the prescribed format to the concerned District Social Welfare Office.
Step 04: The District Social Welfare Officer of the concerned district shall be the competent authority for verification of the contents of the applications (Application Form attached). After scrutiny of the applications, the District Social Welfare Officer shall convey a meeting of the District Level Selection Committee which will be constituted and notified by the Govt.
Step 05: The District Level Selection Committee shall have to finalize the list of beneficiaries observing all the eligibility criteria as per norms. The District Level Selection Committee shall recommend and approve the final list for onward submission to the Directorate for necessary action in accordance with the financial sanction and release of the fund directly to the NC Nos. of beneficiaries through the DBT system.
Note 01: The District Social Welfare Officer shall act as the Nodal Officer for the implementation of the scheme in the District.
Note 02: While filling the form, it has also to be ensured that the name of the beneficiary should be matched (capital/small letter, spelling, etc.) in accordance with the name as printed in the Bank Pass Book while preparation of the list as it will invariably be required to make the Bank Authority facilitate to carry out the process of the transaction.
Note 03: The recommended list of the beneficiaries to be received from the districts shall be considered eligible to receive a pension under the scheme until cases of death or shifting of any of the beneficiaries arise therein.
Note 04: There is no upper limit or target limit on the number of beneficiaries for each district. The District Level Selection Committee may send an additional list any number of times as and when new beneficiaries are verified by District Level Selection Committee.
Application Process(Offline) : -
Step 1: Take a print of the format of the Application Form (Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC). The format of the application form is also available free of cost at the District Offices.
Step 2: Fill in all the mandatory fields, paste the passport-sized photograph (signed across), and attach all the (self-attested) mandatory documents.
Step 3: Submit the duly filled and signed application form along with the documents to the District Office.
Step 4: Acquire the receipt/acknowledgment of the successful submission of the application form from the District Office.
Post-Application Processes:
Step 1: The cases are referred to a screening committee under the chairmanship of ADC (D) for scrutiny.
Step 2: The cases are then sent to the Head Office for sanction. After sanction, the cases are sent to District offices for the execution of the Mortgage Deed.
Step 3: Thereafter payment is made subject to completion of all formalities from H.O. into the Bank A/C of the loanee directly through RTGS.
Documents Required : -
1. Application form duly attested by competent Authority.
2. Residential Certificate / Domicile Certificate of the State of Punjab.
3. Caste Certificate / Disability Certificate.
4. Valuation Certificate of property to be mortgaged.
5. Map of the Property.Farad Zama Bandi.
6. A copy of the registry (if the property is self-purchased).
7. Affidavit regarding the loan.
8. 3 Passport-Sized Photograph (Signed Across).
9. Employer Certificate, Salary Certificate, and Surety Bond (in the case of Service Surety).
10. Aadhaar Card.
11. Details of the Bank Account (Bank Name, Branch Name, Address, IFSC, etc).
12. Proof of Age.
13. Income Certificate.
