Loan for Small Businesses (DAADC)
in Gujarat
Last updated:
Loan for Small Businesses (DAADC) in Gujarat
Loan for Small Businesses (DAADC) is a government scheme available to eligible residents of Gujarat.
Apply for Loan for Small Businesses (DAADC) in Gujarat
Scheme Overview
The scheme aims to promote self-employment among Scheduled Caste individuals belonging to Antyodaya Anna Yojana families by providing financial assistance for starting small businesses. Under this scheme, eligible beneficiaries are provided a loan of upto ₹1,25,000/- at a concessional interest rate.
Eligibility Criteria
The applicant should be a resident of Gujarat.
The applicant should belong to the Scheduled Caste (SC) category.
The applicant should belong to an Antyodaya Anna Yojana (AAY) family.
The applicant’s annual family income should not exceed ₹3,00,000/-.
The applicant should intend to start or expand a small business or occupation.
The applicant should be able to provide two guarantors.
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Benefits
Loan Amount:
Up to ₹1,25,000/-
Interest Rate:
4% per annum
Loan Tenure:
60 months (5 years)
Guarantors Required:
Two guarantors
State Government Contribution:
100% (no beneficiary share required)
Approximate Installment Amount:
₹2,302/- per month (maximum)
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card |
| 2 | Bank Account Details |
| 3 | Income Certificate |
| 4 | School Leaving |
| 5 | Copy of Electricity Bill |
| 6 | Age Proof |
| 7 | Caste Certificate |
| 8 | Ration Card |
| 9 | Copy of Election Card |
How to Apply in Gujarat
Step 1: Visit the official website of the Dr. Ambedkar Antyodaya Vikas Nigam (SC).
Online Step 1: Visit the official website of the Dr. Ambedkar Antyodaya Vikas Nigam (SC).
Step 2: On the top menu bar, click on "Apply Now".
Online Step 2: On the top menu bar, click on "Apply Now".
Step 3: Click on the loan scheme name.
Online Step 3: Click on the loan scheme name.
Step 4: Select the loan category and fill in the loan amount.
Online Step 4: Select the loan category and fill in the loan amount.
Step 5: Fill out the Application Form, enter the following details:
Online Personal Information: Name, gender, date of birth, caste, etc. Address Information: Permanent and correspondence address Income Details: Monthly family income and source Loan Requirement: Amount needed, proposed use (e.g., business, self-employment) Bank Account Details: For loan disbursement
Step 6: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Online Step 6: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Step 7: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.
Online Step 7: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.
Step 8: Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
Online Step 8: Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
Common questions in Gujarat
Who can apply for Loan for Small Businesses (DAADC) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Loan for Small Businesses (DAADC). Refer to the eligibility section above for the complete checklist.
What documents are required for Loan for Small Businesses (DAADC) in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Scheduled Caste (SC) individuals belonging to Antyodaya Anna Yojana (AAY) families residing in Gujarat. <br>