Microcredit Finance Scheme- Self Help Groups
By Development Corporation for Rabari/Bharwad and Allied Castes, Government of Gujarat (DAADC)
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Quick Answer
Microloans up to ₹5 lakh at 6% interest for Scheduled Caste individuals and Self-Help Groups in Gujarat for self-employment and small-scale businesses.
About this loan
Scheduled Caste (SC) individuals and Antyodaya Self-Help Groups in Gujarat can get microloans of up to ₹5,00,000 at 6% annual interest to start or grow small-scale businesses. The Dr. Ambedkar Antyodaya Development Corporation (DAADC), under the Social Justice and Empowerment Department, Government of Gujarat, implements it. No guarantor is required. Repayment runs 36 months (3 years). The state government share is 95% and the beneficiary share is 5%: for a ₹50,000 loan, that is ₹47,500 and ₹2,500.
Applicants must belong to an SC community and an Antyodaya (AAY) family, live in Gujarat, and have annual family income of no more than ₹3,00,000. They must be a self-help group (SHG) of unemployed persons or apply individually with valid business intent.
Eligibility
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Grant providers
Benefits & Funding
- Amount
- Up to ₹5L
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
Loan Amount: Eligible beneficiaries can receive microloans up to ₹5,00,000 for starting or expanding small-scale businesses. The scheme is designed to provide crucial capital to foster self-employment among marginalized communities.
- Interest Rate: Loans are provided at a concessional interest rate of 6% annually, making repayment affordable for beneficiaries.
- Loan Tenure: The repayment period is set at a manageable 36 months (3 years), allowing entrepreneurs sufficient time to stabilize their businesses, with possible monthly installments around ₹1,445.
- Support Structure: The scheme features a significant 95% state government share (₹47,500 for a ₹50,000 loan) and only a 5% beneficiary share (₹2,500), substantially easing the financial burden on applicants. Crucially, no guarantor is required, which removes a major barrier for individuals from economically weaker sections seeking financial assistance.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications, once submitted online, will undergo a meticulous verification process by the Dr. Ambedkar Antyodaya Development Corporation (DAADC) to ensure all eligibility criteria and document requirements are stringently met. The submitted details, including caste, income, and residency proofs, will be scrutinised for authenticity. Final approval and subsequent disbursement of the microloan will be contingent upon successful verification and strict adherence to the scheme guidelines, ensuring funds reach deserving beneficiaries.
Application Process
- 1
Visit Application Portal
Access the Dr. Ambedkar Antyodaya Vikas Nigam (SC) official website.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the maximum loan amount available under this scheme?
The scheme offers microloans up to ₹5,00,000 to eligible beneficiaries for various self-employment activities.
What is the interest rate and repayment period for the loan?
The loan comes with an annual interest rate of 6% and a repayment tenure of 36 months (3 years).
Who is eligible to apply for this microcredit scheme?
Applicants must belong to a Scheduled Caste (SC) community, be part of an Antyodaya (AAY) family, and be a resident of Gujarat. Their annual family income should not exceed ₹3,00,000/-. Applicants can be individuals with business intent or members of registered Self-Help Groups (SHGs).
Is a guarantor required for the loan application?
No, a guarantor is not required for this microcredit finance scheme, making it more accessible to those who might not have traditional collateral.
How can I apply for the Microcredit Finance Scheme?
Applications are submitted online through the Dr. Ambedkar Antyodaya Development Corporation (DAADC) official website. You will need to fill out an application form with personal, address, income, and loan details, and upload required documents such as caste, income, and Aadhaar certificates.
