MICRO FINANCE (Gopalak Nigam)
in Gujarat
Last updated:
MICRO FINANCE (Gopalak Nigam) in Gujarat
MICRO FINANCE (Gopalak Nigam) is a government scheme available to eligible residents of Gujarat.
Apply for MICRO FINANCE (Gopalak Nigam) in Gujarat
Scheme Overview
Micro-loan scheme for Rabari and Bharwad caste entrepreneurs in Gujarat. Provides up to ₹1.25 lakh loan at 5% interest with only 5% beneficiary contribution.
Eligibility Criteria
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.**
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
Required Documents
| # | Document |
|---|---|
| 1 | Residence/Domicile Certificate of Gujarat |
| 2 | Caste Certificate (Rabari or Bharwad) |
| 3 | Income Certificate |
| 4 | Proof of Age (Aadhaar card, Voter ID, etc.) |
| 5 | Bank passbook or cancelled cheque |
| 6 | Own contribution proof (5%) |
| 7 | Basic business plan or purpose of loan |
How to Apply in Gujarat
Step 1: Visit the official DAADC online portal.
Online Step 1: Visit the official DAADC online portal.
Step 2: Register/log in using your credentials.
Online Step 2: Register/log in using your credentials.
Step 3: Fill out the application form with accurate personal and scheme-specific details.
Online Step 3: Fill out the application form with accurate personal and scheme-specific details.
Step 4: Upload the required documents and submit.
Online Step 4: Upload the required documents and submit.
Common questions in Gujarat
Who can apply for MICRO FINANCE (Gopalak Nigam) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for MICRO FINANCE (Gopalak Nigam). Refer to the eligibility section above for the complete checklist.
What documents are required for MICRO FINANCE (Gopalak Nigam) 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
It is a scheme to provide affordable loans to small entrepreneurs from **Rabari and Bharwad castes** to promote self-employment.