MICRO FINANCE (Gopalak Nigam)
By Development Corporation for Rabari/Bharwad and Allied Castes, Government of Gujarat (DAADC)
Check your eligibility
Sign up and we'll tell you whether your startup qualifies for this grant.
Quick Answer
Gopalak Nigam gives Rabari and Bharwad small entrepreneurs in Gujarat loans up to ₹1.25 lakh at 5% interest.
About this loan
Small entrepreneurs from the Rabari and Bharwad castes in Gujarat can take a loan of up to ₹1.25 lakh from Gopalak Nigam to start or expand a small business. Interest is fixed at 5% a year.
The corporation covers 95% of the project cost through the loan, and you put in only 5% yourself.
You must be a permanent Gujarat resident aged 21 to 45, from a socially and educationally backward class recognised by the Gujarat government. Annual family income must not exceed ₹3.00 lakh.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
Benefits & Funding
- Amount
- Up to ₹1.25L
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
- Loan assistance up to ₹1.25 lakh (INR 125,000) for starting or expanding small businesses. This substantial funding covers a significant portion of the project cost, making it easier for beneficiaries to access capital without large upfront investments.
- The interest rate is fixed at a subsidized 5% per annum, significantly lower than market rates, ensuring the loans remain affordable and manageable for small entrepreneurs.
- The corporation provides 95% loan coverage of the total project cost, drastically reducing the financial burden on the applicant.
- Beneficiaries are required to contribute only 5% of the project cost as their own share, fostering a sense of ownership while keeping the entry barrier low.
- The scheme promotes economic independence and small-scale entrepreneurship, allowing individuals from target communities to build sustainable income sources and integrate more fully into the state's economy.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Visit Portal
Navigate to the official DAADC online application portal.
You - 2
- 3
- 4
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 purpose of the Micro Finance (Gopalak Nigam) scheme?
The scheme aims to empower small entrepreneurs from the Rabari and Bharwad castes in Gujarat by providing affordable loans for starting or expanding small businesses, thereby promoting economic independence and entrepreneurship.
How much loan assistance can I receive under this scheme?
You can receive loan assistance of up to ₹1.25 lakh (INR 125,000) for your small business project.
What is the interest rate for the loan?
The interest rate is fixed at a subsidized 5% per annum, making the loan highly affordable.
What is the required beneficiary contribution?
Applicants are only required to contribute 5% of the total project cost, with the remaining 95% covered by the corporation.
Who is eligible to apply for this microfinance scheme?
Applicants must be permanent residents of Gujarat, belong to the Rabari or Bharwad caste (recognized as a socially and educationally backward class), be between 21 and 45 years of age, and have an annual family income not exceeding ₹3.00 lakh.
What kind of businesses are supported by this scheme?
The scheme supports individuals planning to start or expand any small business that generates income, focusing on entrepreneurship among the target communities.
How do I apply for the scheme?
Applications are submitted online through the official DAADC portal. You need to register, fill out the application form with personal and business details, and upload all required documents before submission.
