Use the official application link and verify all details before final submission.
3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Funding upto ₹2LRolling
Check your eligibility
Create a free account and we'll tell you whether your startup qualifies for this grant.
Check your eligibility
Create a free account and we'll tell you whether your startup qualifies for this grant.
Frequently Asked Questions
Who is eligible for the Bankable Scheme?
The scheme is exclusively for individuals belonging to Scheduled Castes, who are permanent residents of Gujarat, unemployed, and aged between 18 to 60 years. They must also meet specified annual income criteria and not be a defaulter of any financial institution.
What is the maximum financial assistance available?
Beneficiaries can receive loan assistance of up to ₹2,00,000/- for their business, industry, or service activities. Additionally, a subsidy of 50% of the loan amount or a maximum of ₹50,000/-, whichever is lower, is provided to reduce the repayment burden.
What types of businesses are supported by this scheme?
The scheme supports a wide range of self-employment ventures and small-scale trades. These include, but are not limited to, animal husbandry, tailoring, groceries, beauty parlors, carpentry, RCC centering, footwear manufacturing, bamboo work, and embroidery.
How do I apply for the Bankable Scheme?
Applications are submitted online through the Gujarat Scheduled Caste Development Corporation (GSCDC) official website. The process involves registering as a new user, logging in, selecting the desired scheme, filling out the detailed application form, uploading all required documents, and then saving and printing your application.
Is there an income limit for applicants?
Yes, there is an income ceiling for applicants. The applicant's annual income must not exceed ₹1,50,000/- if they reside in an urban area, and ₹1,20,000/- if they reside in a rural area.
Are there any age restrictions for applicants?
Yes, applicants must be within the age bracket of 18 to 60 years at the time of application to be eligible for the scheme.
Quick Answer
Provides financial assistance including loans and a 50% subsidy up to ₹50,000 for Scheduled Caste individuals in Gujarat to start or expand various self-employment ventures.
The "Bankable Scheme" is implemented by the Gujarat Scheduled Caste Development Corporation (GSCDC) under the Social Justice and Empowerment Department, Government of Gujarat. This initiative is designed to empower individuals from Scheduled Castes by offering crucial financial assistance for self-employment opportunities. The scheme facilitates access to loans for a wide range of business, industrial, or service activities. To further support these entrepreneurial efforts, a significant subsidy is provided, covering 50% of the loan amount or a maximum of ₹50,000, whichever is lower. This support is intended to help beneficiaries establish or grow small-scale trades such as animal husbandry, tailoring, groceries, beauty parlors, carpentry, RCC centering, footwear, bamboo work, embroidery, and various other self-employment ventures. The scheme aims to foster economic independence and upliftment within the Scheduled Caste community in Gujarat by enabling them to build sustainable livelihoods.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Create a free account to view.
Timelines & Process
Applications
Rolling basis
Selection Process
Applications will be screened based on adherence to all eligibility criteria, including caste verification, residency, age, employment status, and income levels. Eligible applications will then undergo a thorough review of submitted documents to assess the applicant's capability to undertake the proposed business activity and ensure they do not have any outstanding defaults with financial institutions. The final selection will be based on the comprehensive evaluation of the application and supporting documents against the scheme guidelines and objectives.
Benefits & Funding
Amount
Up to ₹2 Lakhs
Fund type
Debt
Repayment
Repayable
What You Get
Loan assistance: Up to ₹2,00,000/- is provided for establishing or expanding businesses, industries, or service activities, enabling entrepreneurs to secure necessary capital.
Subsidy: A significant subsidy is available, covering 50% of the loan amount or up to ₹50,000/-, whichever is lower. This non-repayable component reduces the overall financial burden on the entrepreneur.
Support for Diverse Ventures: Funds can be utilized across a wide array of small-scale trades including animal husbandry, tailoring, groceries, beauty parlors, carpentry, RCC centering, footwear, bamboo work, embroidery, and other small-scale trades, promoting diverse economic activities.
