Micro Finance (GBCDC)
By Social Justice and Empowerment Department, Government of Gujarat
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Quick Answer
A micro-finance loan scheme by GBCDC offering low-interest financial assistance up to ₹1.25 lakh to men from socially and educationally backward classes in Gujarat for self-employment.
About this loan
The Micro Finance (GBCDC) scheme is an initiative by the Social Justice and Empowerment Department, Government of Gujarat, meticulously implemented by the Gujarat Backwards Classes Development Corporation (GBCDC). Its primary objective is to foster self-employment opportunities among men belonging to the socially and educationally backward classes within the state.
This program is designed to provide crucial financial support at remarkably low interest rates, thereby facilitating entrepreneurial ventures and small business development. By offering accessible capital, the scheme aims to empower beneficiaries to establish or expand businesses, acquire necessary technical skills, and ultimately achieve financial independence and contribute to the local economy.
The scheme addresses the need for capital among a specific demographic that may face barriers to accessing conventional credit. It seeks to uplift communities by enabling individuals to transform their skills and business ideas into sustainable livelihoods, driving economic inclusion and reducing unemployment.
Eligibility
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Grant providers
Provider
Social Justice and Empowerment Department, Government of GujaratGandhinagar · Gujarat · India
The Social Justice and Empowerment Department is a department of the Government of Gujarat, with its office in Block No. 5, Sachivalaya, Gandhinagar. It runs loan and self-employment schemes for Scheduled Castes, backward classes and Antyodaya Scheduled Caste people, and the…
Learn moreBenefits & Funding
- Amount
- Up to ₹1.25L
- Fund type
- Debt
- Repayment
- Repayable
What You Get
Beneficiaries of the Micro Finance (GBCDC) scheme can receive a loan of up to ₹1,25,000 for their self-employment ventures. This financial assistance comes with a highly favorable interest rate of 5 percent per annum, significantly reducing the burden of repayment. The scheme is structured to provide 90% of the unit cost as a loan, with 90% sourced from the national corporation and 5% from the state government, requiring only a 5% contribution from the beneficiary. The loan is designed for manageable repayment over 48 equal monthly installments, including interest, ensuring a clear and structured path to financial stability for the entrepreneur.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
While the detailed selection process is not explicitly outlined, it typically involves a thorough review of the online applications by the Gujarat Backwards Classes Development Corporation. This includes verification of eligibility criteria such as caste, income, age, and business experience. Applicants' proposed business plans and loan utilization details are assessed for viability and alignment with the scheme's objectives. Following this, eligible applications undergo an evaluation by a selection committee. In some cases, shortlisted applicants might be called for an interview or further verification before the final approval and disbursement of the loan.
Application Process
- 1
Visit Website
Navigate to the Gujarat Backwards Caste Development Corporation (GBCDC) online portal.
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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 primary objective of the Micro Finance (GBCDC) scheme?
The primary objective is to create self-employment opportunities for men belonging to the socially and educationally backward classes in Gujarat by providing low-interest financial assistance.
What is the maximum loan amount available under this scheme?
The maximum loan amount an eligible applicant can receive is ₹1,25,000.
What is the interest rate for the loan and its repayment period?
The loan is provided at an interest rate of 5 percent per annum and must be repaid in 48 equal monthly installments.
Who is eligible to apply for this micro-finance scheme?
Applicants must be men from socially and educationally backward classes, with an annual family income not exceeding ₹3,00,000, aged between 21 and 45 years, and having experience in a business requiring technical or other skills.
Is there a contribution required from the beneficiary?
Yes, beneficiaries are required to contribute 5% of the total unit cost. The remaining 90% is provided as a loan from the national corporation (90%) and state government (5%).
How can I apply for the Micro Finance (GBCDC) scheme?
Applications are submitted online through the official website of the Gujarat Backwards Caste Development Corporation. The process involves new user registration, logging in, selecting the scheme, filling out an application form with personal, address, income, and loan details, uploading required documents, and finally submitting the application.
Sources
Data on this page is compiled from official program and provider references.
