Schemes -> Subsidized Scheme for Widows

Haryana Women Development Corporation is also implementing the Subsidized Scheme for Widows.

A new scheme has been introduced by Haryana Govt., which is to be implemented through Haryana Women Development Corporation in Rural and urban areas especially for widows to become them self-reliant and improve their economic and social status.

Eligibility
1. Only those widows whose annual income does not exceed Rs. 3.00 lacs per annum are eligible to avail the benefit under this scheme.
2. Only Haryana domicile widows, Divorced and Legally Separated Women whose annual income does not exceed Rs. 3.00 lakh per annum are eligible to avail the benefit under this scheme.
3. No subsidy for interest accrued on delayed period will be allowed in case of default of payment of EMI.
4. The age of the prospective beneficiary should be between 18-60 years at the time of applying for loan.

Loaining Pattren of Scheme

• 100% Interest subvention on the prevailing Rate of Interest charged by banks will be provided by the Haryana Women Development Corporation for three years subject to maximum of Rs. 50,000/- only whichever is earlier, in case of timely repayment of EMI.
• Beneficiary share 10% of total loan.
• Balance from Commercial/Nationalized Banks.
• Maximum loan limit is Rs. 3.00 lakh.

Moratorium Period

• Moratorium period will be three months after disbursement of the loan.
• Scheme will be covered under without collateral security by the bank

ACHIEVEMENTS:-