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Know more about the Term Loan Scheme designed to support members of backward classes with accessible funding options aimed at promoting self-employment, entrepreneurship, and financial upliftment.
Last updated on: March 30, 2026
Term Loan Scheme for Backward Classes is a structured government-backed funding designed to support self-employment and small business activity within defined income limits. This scheme focuses on regulated funding that aligns directly with income-generating activity and long-term employability.
Formal credit often falls short when you want to start or expand self-employment under defined income and category limits. This gap leaves you choosing between delayed plans or costly informal borrowing. The Term Loan Scheme for Backward Classes helps address this with regulated, purpose-linked funding that keeps repayment predictable and reduces early-stage financial risk.
The Term Loan Scheme for Backward Classes is a government-backed credit initiative designed to improve employability through self-employment and small business creation. The implementing Nigam provides loans up to a defined upper limit, with concessional interest rates that remain lower than most unsecured borrowing options. The scheme prioritises productive use of funds, ensuring that credit directly supports income-generating activity rather than short-term expenditure.
This term loan scheme focuses on affordability, access, and purpose-based funding. It is structured to support long-term earning capacity rather than short-term liquidity.
Key features and benefits include:
Disclaimer: Loan limits and interest rates are based on official scheme guidelines and may change through future notifications.
Eligibility remains clearly defined to ensure benefits reach the intended beneficiaries without dilution or misuse.
You must meet the following conditions:
You are a permanent resident of Haryana
You between 18 and 55 years of age
You belong to the Backward Classes category
Your annual family income does not exceed ₹3,00,000 in rural or urban areas
You possess a valid Parivar Pehchan Patra (PPP ID)
Meeting all criteria is mandatory before proceeding with the application.
Documentation ensures identity verification, category validation, and financial traceability during the approval process.
The following table outlines the documents typically required while applying.
| Document Type | Purpose |
|---|---|
Aadhaar Card |
Identity and citizenship verification |
Proof of age |
Age eligibility confirmation |
Haryana domicile certificate or ration card |
Residency verification |
Caste certificate |
Category validation |
Parivar Pehchan Patra (PPP ID) |
Family and income linkage |
Passport-size photograph |
Applicant identification |
Bank account details |
Loan disbursement and repayment |
Additional documents |
As requested during verification |
Ensure document accuracy to prevent processing delays.
Applications follow a fully digital process through the state government service portal, which reduces paperwork and tracking gaps.
Follow these steps:
Visit the official Antyodaya-SARAL portal - https://saralharyana.gov.in/
Register as a new user if you do not hold an existing login
Verify your mobile number and email ID using OTP authentication
Log in and select “Apply for Services”
Search for ‘Term Loan Scheme for Backward Classes’
Enter your PPP ID to fetch verified family data
Select the applicant's name and complete OTP verification
Fill in mandatory details and upload documents
Review and submit the application
You can track application status using the department name, scheme name, and reference ID on the same portal.
Several government schemes support self-employment and entrepreneurship among backward and marginalised communities. These schemes are often used for comparison or internal linking while evaluating funding options.
| Scheme Name | Primary Focus |
|---|---|
Composite Loan Scheme |
Integrated funding for small businesses and self-employment needs |
Scheme for Cottage and Village Industries (Composite Loan Scheme) |
Support for traditional and rural industry-based livelihoods |
Chief Minister Rural Path Vendor Loan Scheme |
Credit assistance for rural street and path vendors |
Loan for the Purchase of Tools (GBOCWWB) |
Tool financing for registered construction workers |
Big Loan Scheme |
Higher-value funding for established self-employment activities |
Loan for Small Businesses (DAADC) |
Business loans for eligible applicants under the district authorities |
Self-Employment Scheme: Vahan Loan Sahay Yojana |
Vehicle-based livelihood financing |
Direct Loan Scheme Karnataka |
State-backed direct lending for self-employment |
Term Loan Scheme |
General-purpose term lending for income-generating activity |
Term Loan Scheme (GSKVN) |
Targeted term loans under state development corporations |
Term Loan Scheme (GTKVN) |
Financial support for self-employment through term-based credit |
Eligibility, interest structures, and funding purposes vary across schemes.
The Term Loan Scheme for Backward Classes provides structured, affordable credit for income-generating activity when conventional borrowing remains restrictive. However, when you require faster processing, broader usage flexibility, or higher ticket sizes, you can also explore regulated business loan options through trusted financial marketplaces like Bajaj Markets. Comparing scheme-based credit with formal business funding helps you choose the most suitable financing route.
Reviewer
The scheme supports loans up to ₹15,00,000, subject to eligibility conditions and approval guidelines issued by the implementing Nigam.
The loan supports self-employment and income-generating activities that enhance employability, including small businesses and skill-based ventures.
Interest rates typically range between 6% and 8% per annum, as defined under current scheme guidelines.
Yes, you must be between 18 and 55 years of age at the time of application.
Yes, applicants from both rural and urban areas can apply, provided income limits are met.
Yes, permanent residency in Haryana is mandatory for eligibility under the Term Loan Scheme for Backward Classes.
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