Micro Finance Scheme for Self Help Groups (GTKVN)
By Gujarat Thakor and Koli Vikas Nigam (GTKVN)
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Quick Answer
Loans up to ₹60,000 at 5% interest for Thakor and Koli women in Gujarat who are Self Help Group members, run by GTKVN to support self-employment.
About this loan
Women from the Thakor and Koli castes in Gujarat who belong to a Self Help Group (SHG) can borrow up to ₹60,000 to start or expand a small business. The scheme is run by the Gujarat Thakor and Koli Vikas Nigam (GTKVN) under the Social Justice and Empowerment Department, Government of Gujarat.
The loan carries 5% interest a year. You put in 5% of the project cost and the scheme covers the remaining 95%. You repay in 48 equal monthly instalments, which is 4 years.
You must live in Gujarat and be aged 21 to 50 on the application date. Annual family income must not exceed ₹3,00,000. You need relevant experience in the trade or business, and suitable collateral to secure the loan.
Eligibility
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Grant providers
Gujarat Thakor and Koli Vikas Nigam (ગુજરાત ઠાકોર અને કોળી વિકાસ નિગમ) is a public enterprise of the Social Justice and Empowerment Department of the Government of Gujarat. It lends to members of the Thakor and Koli communities for self-employment, higher education and self-help…
Learn moreCo-organizer
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 ₹60,000
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
This scheme offers a significant financial boost to eligible women through a loan amount of up to ₹60,000 for starting or expanding small-scale businesses. The loan is provided at a highly competitive interest rate of 5% per annum, making it an affordable option for entrepreneurs. Beneficiaries are required to contribute 5% of the project cost, with the scheme covering the remaining 95%, fostering a sense of ownership. Repayment is structured conveniently over 48 equal monthly installments (4 years), allowing for manageable financial planning. Beyond the direct financial aid, the scheme implicitly offers incubation support through its focus on Self Help Groups, encouraging collective growth and peer learning in the journey of self-employment.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process involves an initial online application submission, followed by a verification process of the submitted documents and eligibility criteria. Applications are reviewed by a committee from the Gujarat Thakor and Koli Vikas Nigam (GTKVN) and the Social Justice and Empowerment Department. The committee assesses the applicant's adherence to all stated eligibility conditions, including caste, age, income, SHG membership, and business experience. Special attention is given to the collateral provided and the viability of the proposed business. Final selection and loan disbursement are made based on this comprehensive evaluation.
Application Process
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Visit Website
Applicant visits the official Gujarat Thakor and Koli Vikas Nigam 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.
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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 this Micro Finance Scheme?
The scheme aims to economically empower women from the Thakor and Koli castes in Gujarat by providing low-interest loans for self-employment opportunities through Self Help Groups (SHGs).
Who is eligible to apply for this loan?
Applicants must be residents of Gujarat, members of a Self Help Group, belong to the Thakor or Koli caste, be aged between 21 and 50 years, have an annual family income not exceeding ₹3,00,000/-, and possess relevant business experience. Suitable collateral is also required.
What is the maximum loan amount available?
Eligible beneficiaries can receive a loan amount of up to ₹60,000 for their small-scale businesses.
What is the interest rate and repayment period for the loan?
The loan is provided at an interest rate of 5% per annum and is repayable over 48 equal monthly installments, which amounts to a 4-year repayment term.
Is any personal contribution required from the beneficiary?
Yes, beneficiaries are required to contribute 5% of the total project or business cost, with the scheme covering the remaining 95% as a loan.
What documents are required during the application process?
Applicants typically need to upload scanned copies of their Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Sources
Data on this page is compiled from official program and provider references.
