The Punjab government has launched the Direct Lending Scheme for the economic upliftment of Scheduled Castes and persons with disabilities. This 100% state-sponsored initiative targets individuals from the Scheduled Caste (SC) category and Persons with Disabilities (PwD). his is a 100% State Sponsored Scheme, and only the permanent residents of the state of Punjab can apply for this scheme.
Direct Lending Scheme
Direct Lending Scheme is to empower economically disadvantaged individuals from the SC community. The scheme seeks to reduce poverty, promote entrepreneurship, and ensure equitable access.
Eligibility
- The applicant should be a citizen of India.
- The applicant should be a domicile / permanent resident of the state of Punjab.
- The applicant should be from Below Poverty Line (BPL).
- The applicant should be from the Scheduled Caste category OR the applicant should be a Person with Disability (PwD)
- The age of the applicant should be between 18 to 55 years.
- The applicant should not already be availing the benefits of the scheme.
Documents Required
- Application form duly attested by competent Authority.
- Residential Certificate / Domicile Certificate of the State of Punjab.
- Caste Certificate / Disability Certificate.
- Valuation Certificate of property to be mortgaged.
- Map of the Property.
- Farad Zama Bandi.
- A copy of the registry (if the property is self-purchased).
- Affidavit regarding the loan.
- 3 Passport-Sized Photograph (Signed Across).
- Employer Certificate, Salary Certificate, and Surety Bond (in the case of Service Surety).
- Aadhaar Card.
- Details of the Bank Account (Bank Name, Branch Name, Address, IFSC, etc).
- Proof of Age.
- Income Certificate.
How to Apply For Direct Lending Scheme
Step 1: Take a print of the Application Form (Form-I, Form-II) from the official website of the Punjab Scheduled Castes Land Development & Finance Corporation (PSCLDFC).
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.
The Punjab government has launched various government schemes to provide financial assistance to the citizens of the state. In this regard, it has also launched the Direct Lending Scheme.