Term Loan Scheme (GTKVN)
By Gujarat Thakor and Koli Vikas Nigam (GTKVN)
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Quick Answer
Term loans up to ₹10,00,000 for Thakor and Koli individuals in Gujarat starting agriculture, small business, craft or service ventures, at 6% interest up to ₹5,00,000.
About this loan
Individuals from the Thakor and Koli communities in Gujarat can get a term loan to start or grow a self-employment venture. The Gujarat Thakor and Koli Vikas Nigam (GTKVN), under the Social Justice and Empowerment Department, Government of Gujarat, runs the scheme. It covers agriculture and allied activities, small businesses, craftsmanship, traditional occupations and service-based trades.
Loans go up to ₹10,00,000, at a concessional 6% interest for amounts up to ₹5,00,000. The Government of Gujarat contributes 95% of the project cost and you provide 5% as margin money. You repay in 60 equal monthly instalments, interest included. You need one guarantor and suitable collateral.
You must be a Gujarat resident from the Thakor or Koli community, aged 21 to 50, with annual family income up to ₹3,00,000 and experience or skills in the trade.
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 moreBenefits & Funding
- Amount
- Up to ₹10L
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
The scheme provides financial assistance in the form of term loans up to ₹10,00,000 for eligible small businesses and self-employment ventures. These loans are offered at a concessional interest rate of 6% for amounts up to ₹5,00,000, promoting affordability for beneficiaries. The Government of Gujarat contributes a substantial 95% share of the total project cost, with beneficiaries required to provide only 5% as margin money, significantly easing the financial burden on applicants. The loan amount is structured for repayment over a flexible tenure of 60 equal monthly installments, which includes the interest component. This repayment schedule is designed to be manageable, allowing entrepreneurs sufficient time to establish and stabilize their businesses. Additionally, the scheme emphasizes accessibility by requiring only one guarantor and suitable collateral, making the application process more approachable for individuals from targeted communities.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process for the Term Loan Scheme involves a multi-stage evaluation designed to ensure eligibility and business viability. Initially, submitted online applications are thoroughly screened to verify that all mandatory documents have been provided and that the applicant meets the basic criteria, including residency in Gujarat, belonging to the Thakor or Koli community, age limits, and family income ceilings. The applicant's declared experience or skill in their proposed trade or business is also assessed. Following this initial screening, applications may undergo a detailed review by a committee from the Gujarat Thakor and Koli Vikas Nigam to evaluate the feasibility and potential impact of the proposed self-employment or small business venture. Applicants may be contacted for further clarification or verification of information. A critical component of the final selection involves the applicant providing suitable collateral as required for loan approval, alongside their 5% margin money contribution.
Application Process
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Access Online Portal
Visit the official GTKVN online application 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
Who is eligible for the Term Loan Scheme?
The scheme is open to residents of Gujarat belonging to the Thakor or Koli community, aged between 21 and 50 years. Applicants' annual family income should not exceed ₹3,00,000, and they must have relevant experience or skills in their proposed business.
What is the maximum loan amount I can avail?
Beneficiaries can avail term loans up to a maximum of ₹10,00,000 (Ten Lakhs INR) for eligible self-employment and small business activities.
What is the interest rate and repayment period for this loan?
The loan is provided at a concessional interest rate of 6% for amounts up to ₹5,00,000. The entire loan amount must be repaid in 60 equal monthly installments, inclusive of interest.
Do I need to provide any collateral or margin money?
Yes, applicants are required to provide suitable collateral to secure the loan. Additionally, beneficiaries must contribute 5% of the total project cost as margin money, with the government covering the remaining 95%.
What types of businesses are supported by this scheme?
The scheme supports a wide range of self-employment ventures and small businesses, including agriculture and allied activities, craftsmanship, traditional occupations, and various service-based businesses or trades.
How do I apply for the Term Loan Scheme?
Applications are submitted online through the official website of the Gujarat Thakor and Koli Vikas Nigam (GTKVN). The process involves filling out an application form with personal, income, and business details, and uploading scanned copies of required documents such as caste and income certificates, Aadhaar, and bank passbook.
Sources
Data on this page is compiled from official program and provider references.
