Composite Loan Scheme

Managing your business finances becomes effortless with a single loan that covers working capital, equipment, and term funding. The Composite Loan Scheme offers exactly that, consolidating multiple credit needs into one structured solution. This allows you to expand operations, purchase necessary tools, and maintain smooth cash flow while enjoying tailored support for small entrepreneurs, artisans, and self-employed professionals.

This scheme offers flexibility and practical support to grow your business. Key benefits include:

• Single Loan for Multiple Needs: Covers term loans, working capital, and equipment under one credit line

• Flexible Repayment Options: EMI schedules designed to reduce financial strain

• Support for Small Entrepreneurs: Enables funding for expansion, inventory, and skill-based tools

• Targeted Assistance: Special provisions for women, Scheduled Caste(SC)/Scheduled Tribe(ST), Other Backward Classes (OBC), minority, and Persons with Disabilities(PwD) applicants

• Government Backed Security: Lower interest rates due to partial government support

The scheme ensures credit reaches eligible self-employed individuals and micro-entrepreneurs. You must meet these requirements:

• Category: Belong to SC, ST, OBC, minority, or PwD communities

• Residency: Must be a resident of Delhi

• Age: Between 18 and 50 years at the time of application

• Income: Annual family income should not exceed ₹1,20,000

• Business Activity: Willing to pursue approved income-generating activities under the scheme

• Workplace: Must have a properly owned or rented workplace

• Credit History: Should not be declared a defaulter under any Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation(DSFDC) scheme

Prepare the following documents to ensure a smooth application process:

Personal & Business Documents:

• Identity and address proof (Aadhaar, PAN, Passport)

• Age proof (Birth Certificate, School Leaving Certificate, or affidavit)

• Caste certificate or minority affidavit, if applicable

• PwD certificate with minimum 40% disability, if applicable

• Income certificate or affidavit

• Proof of workplace ownership or rental agreement

• Estimates for items, tools, or machinery required for business

• Affidavits for loan non-duplication, personal guarantee, and workplace NOC if required

• Electronic Clearing Service (ECS) mandate and post-dated cheques for repayment

• Insurance receipts under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) schemes

• Group photograph including applicant, guarantor, witnesses, and branch staff
   

Guarantor Documents (for loans above ₹2,00,000)

• Identity proof, Aadhaar, and office ID

• Original pay slips and date of birth proof

• Affidavit and undertaking in the prescribed format

• Post-dated cheques or collateral documents (immovable property, National Savings Certificate, Kisan Vikas Patra, Fixed Deposit Receipt) if required

Note: For loans up to ₹50,000, guarantor or collateral is optional, but two local references are needed

The application process is simple and structured:

1. Obtain the Form: Print or download the official application form - https://dsfdc.delhi.gov.in/sites/default/files/cls_form.pdf

2. Complete the Application: Fill in all mandatory details, attach your photograph, and include copies of required documents

3. Submit for Verification: Hand over the completed form and documents to the branch in-charge of Delhi SC/ST/OBC/Minorities/Handicapped Financial & Development Corporation, Government of NCT in Delhi

4. Receive Acknowledgement: Request a receipt for tracking your application

The Composite Loan Scheme consolidates multiple business finance requirements into a single structured loan. It reduces the repayment complexity while providing access to working capital and equipment funding. If you are exploring financial solutions for growth, combining this scheme with a business loan can enhance flexibility and expand your operational potential.