Micro Finance Scheme for Self Help Groups (GTKVN)
Social Justice and Empowerment Department
Last updated:
Overview
The scheme aims to economically empower women from Thakor and Koli castes through self-employment opportunities via Self Help Groups (SHGs). Under this scheme, eligible members of SHGs receive a loan up to ₹60,000/- at low interest to start or expand small-scale businesses/enterprises.
Details
The "Micro Finance Scheme for Self Help Groups" is implemented by the Gujarat Thakor and Koli Vikas Nigam GTKVN under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to economically empower women from Thakor and Koli castes through self-employment opportunities via Self Help Groups SHGs . Under this scheme, eligible members of SHGs receive a loan at low interest to start or expand small-scale businesses/enterprises.
Exclusions
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Benefits
• Loan Amount: Up to ₹60,000/- for eligible small businesses.
• Interest Rate: 5% per annum.
• Loan Coverage: 95% of the project/business cost is covered; 5% contribution is to be made by the beneficiary.
• Repayment Term: 48 equal monthly installments (4 years), including interest.
Eligibility Criteria
1. The applicant should be a resident of Gujarat.
2. The applicant should be a member of a Self Help Group (SHG).
3. The applicant should belong to the Thakor or Koli caste.
4. The applicant's age should be at least 21 years and not more than 50 years as on the date of application.
5. The applicant’s annual family income should not exceed ₹3,00,000/-.
6. The applicant should have relevant experience in the proposed trade/business field.
7. The applicant will have to provide suitable collateral to get the loan.
8. > **Note:** At least 50% of the total loan allocation is reserved for those with family income up to ₹1,50,000/-.
9. <br>
Application Process
Step 1: Step 1: Visit the official website of the Gujarat Thakor and Koli Vikas Nigam.
Online
Step 1: Visit the official website of the Gujarat Thakor and Koli Vikas Nigam.
Step 2: 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: Step 3: Click on the loan scheme name.
Online
Step 3: Click on the loan scheme name.
Step 4: 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: 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: 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: 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: 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.
Required Documents
• Aadhaar Card
• Ration Card
• Voter ID
• Passport Size Photos
• Business Address Proof
• Birth Certificate
• Caste Certificate
• Bank Passbook
• Income Certificate
Frequently Asked Questions
Q: Who can apply under the scheme?
A: SHG members from Thakor or Koli caste aged 21–50 years.
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Q: What percentage of the business cost is financed?
A: 95% is financed; 5% must be contributed by the beneficiary.
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Q: What is the repayment period?
A: The 48 monthly installments.
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Q: Can I use the loan for any type of business?
A: Yes, any skilled or small business.
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Q: Is prior business experience required?
A: Yes, experience in trade or technical skill is required.
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Q: Is a guarantor needed?
A: Yes, loan sanction requires a bail/guarantor.
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Q: Are individual applicants apply?
A: No, only SHG members can apply.
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Q: Is there a reservation for lower income groups?
A: Yes, 50% of loans are for families earning ≤ ₹1,50,000.
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Q: Can I apply offline?
A: No, the application is accepted online only.
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Q: Where can I check my application status?
A: On the GTKDC online portal using your login.
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Eligibility Criteria
The applicant should be a resident of Gujarat.
The applicant should be a member of a Self Help Group (SHG).
The applicant should belong to the Thakor or Koli caste.
The applicant's age should be at least 21 years and not more than 50 years as on the date of application.
The applicant’s annual family income should not exceed ₹3,00,000/-.
The applicant should have relevant experience in the proposed trade/business field.
The applicant will have to provide suitable collateral to get the loan.
> **Note:** At least 50% of the total loan allocation is reserved for those with family income up to ₹1,50,000/-.
<br>
Benefits
Loan Amount: Up to ₹60,000/- for eligible small businesses.
Interest Rate: 5% per annum.
Loan Coverage: 95% of the project/business cost is covered; 5% contribution is to be made by the beneficiary.
Repayment Term: 48 equal monthly installments (4 years), including interest.
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card |
| 2 | Ration Card |
| 3 | Voter ID |
| 4 | Passport Size Photos |
| 5 | Business Address Proof |
| 6 | Birth Certificate |
| 7 | Caste Certificate |
| 8 | Bank Passbook |
| 9 | Income Certificate |
How to Apply
Step 1: Visit the official website of the Gujarat Thakor and Koli Vikas Nigam.
Online Step 1: Visit the official website of the Gujarat Thakor and Koli Vikas Nigam.
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.
Frequently Asked Questions
SHG members from Thakor or Koli caste aged 21–50 years. <br>