Microcredit Finance Scheme- Self Help Groups (DAADC)
in Gujarat
Last updated:
Microcredit Finance Scheme- Self Help Groups (DAADC) in Gujarat
Microcredit Finance Scheme- Self Help Groups (DAADC) is a government scheme available to eligible residents of Gujarat.
Apply for Microcredit Finance Scheme- Self Help Groups (DAADC) in Gujarat
Scheme Overview
The scheme aims to promote self-employment for SC individuals. It offers microloans to start small businesses and become economically self-sufficient.
Eligibility Criteria
The applicant must belong to a Scheduled Caste (SC) community.
The applicant must be part of an Antyodaya (AAY) family.
The applicant’s annual family income should not exceed ₹3,00,000/-.
The applicant must be a resident of Gujarat.
The applicant should be a self-help group of unemployed persons.
The applicant must be a member of a registered self-help group (SHG) or apply individually with valid business intent.
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Benefits
Loan Amount: Up to ₹50,000/- (maximum ₹5,00,000/-)
Interest Rate: 6% annually
Loan Tenure: 36 months (3 years)
State Government Share: 95% (₹47,500/-)
Beneficiary Share: 5% (₹2,500/-)
Guarantor: Not required
Possible Installment amount : ₹1,445/- per month.
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card |
| 2 | Bank Details Copy of Hier |
| 3 | Business Address Proof |
| 4 | Identity proof of Applicant |
| 5 | Passport Size Photos |
| 6 | School Leaving |
| 7 | Age Proof |
| 8 | Birth Certificate |
| 9 | Caste Certificate |
| 10 | Income Certificate |
| 11 | Ration 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 Microcredit Finance Scheme- Self Help Groups (DAADC) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Microcredit Finance Scheme- Self Help Groups (DAADC). Refer to the eligibility section above for the complete checklist.
What documents are required for Microcredit Finance Scheme- Self Help Groups (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
Up to ₹50,000 for individuals; in some cases, up to ₹5,00,000. <br>