Microcredit Finance Scheme- Self Help Groups (DAADC)
The scheme aims to promote self-employment for SC individuals. It offers microloans to start small businesses and become economically self-sufficient.
What you get
- Loan Amount: Up to ₹50,000/- (maximum ₹5,00,000/-)- Interest Rate: 6% annually- Loan Tenure: 36 months (3 years)- State Government Share: 95% (₹47,500/-)- Beneficiary Share: 5% (₹2,500/-)- Guarantor: Not required- Possible Installment amount : ₹1,445/- per month.
Who can apply
- The applicant must belong to a Scheduled Caste (SC) community.
- The applicant must be part of an Antyodaya (AAY) family.
- The applicant’s annual family income should not exceed ₹3,00,000/-.
- The applicant must be a resident of Gujarat.
- The applicant should be a self-help group of unemployed persons.
- The applicant must be a member of a registered self-help group (SHG) or apply individually with valid business intent.
Who cannot apply
How to apply
Online
Step 1: Visit the official website of the Dr. Ambedkar Antyodaya Vikas Nigam (SC). Step 2: On the top menu bar, click on "Apply Now". Step 3: Click on the loan scheme name. Step 4: Select the loan category and fill in the loan amount. Step 5: Fill out the Application Form, enter the following details:
- Personal Information: Name, gender, date of birth, caste, etc.
- Address Information: Permanent and correspondence address
- Income Details: Monthly family income and source
- Loan Requirement: Amount needed, proposed use (e.g., business, self-employment)
- Bank Account Details: For loan disbursement
Step 6: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof. Step 7: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”. Step 8: Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
Details
The "Microcredit Finance Scheme- Self Help Groups" is implemented by the Dr. Ambedkar Antyodaya Development Corporation (DAADC) under the Social Justice and Empowerment Department, Government of Gujarat. It aims to promote self-employment among Scheduled Caste (SC) individuals and Antyodaya Self-Help Groups by providing microloans for starting small-scale businesses. Under this scheme, unemployed individuals from SC communities receive financial assistance to become self-reliant through entrepreneurship.