Bank Tie-Up Scheme
The Bank Tie-Up Scheme offers financial assistance to Scheduled Castes in Punjab living Below Poverty Line through bank loans and subsidies.
Benefits
Beneficiaries receive a capital subsidy of up to 50% of the total loan amount, capped at ₹10,000. The loan is provided by various banks in Punjab, with interest rates determined by RBI guidelines.
Who can apply
- Household income ≤ ₹88,756/year
- Category: SC
- Resident of Punjab
- bpl
- no government employee in family
Applicants must be permanent residents of Punjab, belong to the Scheduled Caste category, and live Below Poverty Line. The annual family income should not exceed ₹88,756 for urban areas. Individuals already benefiting from the scheme are not eligible to apply again.
How to apply
Applications must be submitted offline to the District Office of the Punjab Scheduled Castes Land Development & Finance Corporation.
- Obtain the application form from the official PSCLDFC website or District Offices.
- Complete the application form and attach all required documents.
- Submit the filled application form to the District Office.
- Receive an acknowledgment receipt for your application submission.
- The District Manager will forward the application for verification to the concerned bank.
- The bank will process the application and claim the subsidy.
- The loan will be disbursed by the bank along with the subsidy after approval from the District level committee.
Documents required
- Application form duly attested by competent Authority.
- Residential Certificate / Domicile Certificate of the State of Punjab.
- Caste 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).
- Income Certificate.
Frequently asked questions
What is the maximum capital subsidy available?
The maximum capital subsidy is ₹10,000, which is 50% of the total loan amount.
What are the income limits for eligibility?
The annual family income must not exceed ₹88,756 for urban areas and ₹67,649 for rural areas.
Is there an application fee for this scheme?
No, there is no application fee; the entire process is free of cost.
Can I apply if I have already received benefits from this scheme?
No, individuals who have already availed benefits from this scheme are not eligible to reapply.
What documents are required for the application?
Required documents include a Residential Certificate, Caste Certificate, Valuation Certificate, and several others as specified in the guidelines.
How is the loan amount determined?
The loan amount is provided by various banks in Punjab, and the interest rate is set according to RBI guidelines.
Key terms explained
- BPL (Below Poverty Line)
- An official classification for households whose income falls below a government-set threshold; many welfare schemes prioritise them.
- SC / ST / OBC
- Official social categories — Scheduled Castes, Scheduled Tribes and Other Backward Classes — used for reservations and targeted welfare schemes.
Source: myScheme (myscheme.gov.in) archived page via gov_myscheme dataset. Facts last verified on 2026-06-07.