Subsidized Scheme for Widows: Haryana Women Development Corporation

About This Scheme

The scheme "Subsidized Scheme for Widows" by the Women & Child Development Department, Haryana Government, aims to provide financial assistance to Haryana-domiciled widows, divorced, and Legally Separated Women. Through this scheme, a subsidy on the total loan is provided. The scheme is covered without collateral security by the bank. The scheme is implemented by the Haryana Women Development Corporation.

Eligibility

1. The applicant must be a Haryana-domiciled widow, divorced, or a legally separated Woman. 1. The applicant's annual income should not exceed ₹3,00,000/- per annum. 1. The age of the prospective beneficiary should be between 18 and 55 years at the time of applying for the loan.

Benefits

1. A 25% flat subsidy, subject to a maximum of ₹50,000/-, will be provided on the total loan (not as a capital subsidy). 1. The beneficiary's share is 10% of the total loan. 1. The maximum loan limit is ₹3,00,000/-. 1. The scheme will be covered under without collateral security by the bank. 1. The balance amount will be covered from commercial/nationalised banks. > Mode of Disbursement: The balance amount will be covered from commercial/nationalised banks. > Moratorium Period: The moratorium period will be three months after disbursement of the loan.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.