MICRO FINANCE (Gopalak Nigam)

Description
This microfinance scheme aims to empower small entrepreneurs from the Rabari and Bharwad castes by offering affordable loans with minimal beneficiary contribution. Designed to support income-generating activities, the scheme helps beneficiaries fund small businesses with 95% of the project cost covered by the corporation, while only 5% is required as their own contribution. The maximum loan offered under the scheme is ₹1.25 lakh , with a subsidized interest rate of 5% per annum . The scheme is intended to improve economic participation and entrepreneurship among socially and educationally backward communities in Gujarat.

Exclusions
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Benefits
• Loan assistance up to ₹1.25 lakh for small businesses
• Interest rate fixed at 5% per annum
• 95% loan coverage by the corporation
• Only 5% contribution needed from the applicant
• Promotes economic independence and small-scale entrepreneurship

Eligibility Criteria
1. The applicant must be a **permanent resident of Gujarat.**1. The applicant must be a woman or man belonging to the **Rabari or Bharwad caste.**1. The applicant must belong to a **socially and educationally backward class** as recognized by the Gujarat government.1. The applicant must be between **21 and 45 years of age.**1. The applicant’s annual family income must **not exceed ₹3.00 lakh.**1. The applicant must be planning to **start or expand a small business.**

Application Process
Step 1: Step 1: Visit the official DAADC online portal.
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Step 1: Visit the official DAADC online portal.

Step 2: Step 2: Register/log in using your credentials.
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Step 2: Register/log in using your credentials.

Step 3: Step 3: Fill out the application form with accurate personal and scheme-specific details.
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Step 3: Fill out the application form with accurate personal and scheme-specific details.

Step 4: Step 4: Upload the required documents and submit.
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Step 4: Upload the required documents and submit.

Required Documents
• Residence/Domicile Certificate of Gujarat
• Caste Certificate (Rabari or Bharwad)
• Income Certificate
• Proof of Age (Aadhaar card, Voter ID, etc.)
• Bank passbook or cancelled cheque
• Own contribution proof (5%)
• Basic business plan or purpose of loan

Frequently Asked Questions
Q: What is the Microfinance Loan Scheme for Rabari & Bharwad communities?
A: It is a scheme to provide affordable loans to small entrepreneurs from **Rabari and Bharwad castes** to promote self-employment.

Q: What is the maximum loan amount under this scheme?
A: The maximum loan amount is **₹1.25 lakh.**

Q: What is the interest rate on the loan?
A: The interest rate is **subsidized at 5%** per annum.

Q: How much contribution is required from the applicant?
A: The applicant must **contribute 5%** of the total loan amount.

Q: Who can apply for this scheme?
A: Any individual from the Rabari or Bharwad caste **(aged 21–45 years)** with annual **family income up to ₹3 lakh** and resident of Gujarat.

Q: Can both men and women apply?
A: **Yes,** eligible men and women from the Rabari/Bharwad caste can apply.

Q: Is any collateral security required for the loan?
A: **No collateral security** has been mentioned under the scheme.

Q: What can the loan be used for?
A: The loan can be used for starting or expanding a small-scale business or income-generating activity.

Q: How is the loan amount disbursed?
A: After document verification and approval, the amount is **credited to the applicant’s bank account.**

Q: Where can I apply for this scheme?
A: To apply Visit the official [**DAADC**](https://daadconline.gujarat.gov.in/) online portal.