Micro Finance (GBCDC)
in Gujarat
Last updated:
Micro Finance (GBCDC) in Gujarat
Micro Finance (GBCDC) is a government scheme available to eligible residents of Gujarat.
Apply for Micro Finance (GBCDC) in Gujarat
Scheme Overview
The scheme aims to create self-employment for the backwards class men. Through this scheme, low interest rates and financial help are provided to the backwards class men.
Eligibility Criteria
The applicant should belong to a socially and educationally backwards class.
The total annual income of the applicant's family should not exceed ₹3,00,000/-.
The applicant's age should be between 21 and 45 years as on the date of application.
The applicant must have experience in a business requiring technical and other skills.
<br>
Benefits
The maximum loan limit under this scheme is up to ₹1,25,000/-.
The interest rate in these schemes is 5 percent per annum.
In these schemes, 90 per cent of the unit cost will be provided as a loan, with 90 per cent from the national corporation, 5 per cent from the state government, and 5 per cent from the beneficiary contribution.
This loan is to be repaid in 48 equal monthly instalments, including interest.
Required Documents
| # | Document |
|---|---|
| 1 | Identity Proof |
| 2 | Address Proof |
| 3 | Caste Certificate |
| 4 | Income Certificate |
| 5 | Bank Account Passbook |
| 6 | Passport‑size Photographs |
How to Apply in Gujarat
Step 1: Visit the official website of the Gujarat Backwards Caste Development Corporation.
Online Step 1: Visit the official website of the Gujarat Backwards Caste Development Corporation.
Step 2: On the top menu bar, click on "Apply Online".
Online Step 2: On the top menu bar, click on "Apply Online".
Step 3: If you’re a new user, click on "New Registration" Enter personal details (name, mobile number, email, aadhaar number, etc.), create a password, and complete OTP verification.
Online Step 3: If you’re a new user, click on "New Registration" Enter personal details (name, mobile number, email, aadhaar number, etc.), create a password, and complete OTP verification.
Step 4: Use your registered credentials (User ID and password) to log in.
Online Step 4: Use your registered credentials (User ID and password) to log in.
Step 5: Click on “New Application”. Select “Micro Finance Scheme” from the list of available schemes.
Online Step 5: Click on “New Application”. Select “Micro Finance Scheme” from the list of available schemes.
Step 6: 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 7: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Online Step 7: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Step 8: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.
Online Step 8: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.
Step 9: You will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
Online Step 9: You will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
Common questions in Gujarat
Who can apply for Micro Finance (GBCDC) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Micro Finance (GBCDC). Refer to the eligibility section above for the complete checklist.
What documents are required for Micro Finance (GBCDC) 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
This scheme is a micro-credit initiative aimed at generating self-employment for men from the backwards classes. <br>