Exclusive schemes for Haryana

Haryana Women Development Corporation
This corporation was set up in the year 1982 and in the year 1987 the women wing was introduced in the corporation. The main objectives of this corporation are to promote activities for welfare, development and advancement of women, to undertake the task of socio-economic, health and educational awareness among women, to promote literacy, talent, skill, know-how, health awareness, enterprises, spirit of entrepreneurship and business acumen among women, and to identify trades, occupation, profession and industries which can be taken up by women and training them in desired directions. The corporation gives loan to SHGs and other individuals at a rate of 5% per annum interest. It receives loan from Rashtriya Mahila Kosh at a rate of 8% per annum interest.

Promotion and strengthening of mahila mandals
The village women make groups and undertake activities of development and awareness generation in rural areas. The registered Mahila Mandals enjoy their own constitution and by-laws for the conduct of day to day business. All registered Mahila Mandals select a range of activities they take up and to conduct these activities they get assistance from the Gram Sevikas, Mukhya Sevikas and Lady Circle Supervisors under Women Awareness Programmes.

Haryana State Industrial & Infrastructure Development Corporation (HSIIDC)
Grants a term loan up to Rs.25crore to the projects on selective basis for financing. Haryana Financial Corporation (HFC) also provides a term loan up to Rs.15crore to the units where capital and free reserves are not more than Rs.5crore. The term loan is to be repaid in 7 to 8 years after a moratorium of one to two years, depending upon feasibility of each proposal. Projects whose capital investment of Rs.10crore and above are financed by all India Financial Institutions like IDBI, IFCI, and ICICI etc. Besides the industrial projects, the term loans can also be availed for setting up hospitals/nursing homes, tourism related facilities like hotels/amusement parks/cultural and goods transport services and some infrastructure projects.

Equipment Refinance Scheme
HSIIDC and HFC provides loan under Equipment Refinance Scheme to various industries in Haryana. Under this scheme, an existing unit with a good track record can ask for assistance for replacement, marginal expansion or diversification. The loan under this scheme is available immediately to be repaid with gestation of 6 months and to be repaid within 2 to 5 years.

Haryana has a large institutional network for providing land, infrastructure and assistance to the entrepreneurs. It has formed various Industrial Promotion Agencies to lend to industries and help them grow and iron out their financial problems, if any, encountered by them. National Equity Fund
HFC operates this scheme, promoted by SIDBI under the name of National Equity Fund Scheme which provides equity type of support to entrepreneurs for establishing new projects under tiny and small scale sectors. The promoters contribution in this scheme is 10%. HFC provides 65% as term loan and SIDBI gives assistance of 25% as soft loan towards equity basis of the project. The project cost should not be more than Rs.10lacs. Similar scheme is also being operated under the name of Mahila Udhyam Nidhi Scheme especially for women entrepreneurs.