Small Scale Lending Scheme (Microfinance)
in Gujarat
Last updated:
Small Scale Lending Scheme (Microfinance) in Gujarat
Small Scale Lending Scheme (Microfinance) is a government scheme available to eligible residents of Gujarat.
Apply for Small Scale Lending Scheme (Microfinance) in Gujarat
Scheme Overview
The scheme aims to provide microcredit to the small entrepreneurs of the target group. It provides loans up to ₹1,25,000/- at 5% interest rate to eligible beneficiaries belonging to the Rabari and Bharwad castes.
Eligibility Criteria
- The applicant must belong to the Rabari and Bharwad castes among the socially and educationally backward classes.
- The applicant must be aged between 21 to 45 years.
- The applicant must have an annual income of less than or equal to ₹3,00,000/-.
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Benefits
Loan Amount: Maximum loan limit of ₹1,25,000/-.
Interest Rate: Subsidized interest rate of 5% per annum.
Loan Coverage: 95% of the project cost is covered through a loan.
Beneficiary Contribution: Only 5% contribution is required from the beneficiary.
Target Group Support: Specifically designed for small entrepreneurs from the Rabari and Bharwad communities.
Required Documents
| # | Document |
|---|---|
| 1 | Passport Size Photograph |
| 2 | Caste Certificate |
| 3 | Income Certificate |
| 4 | Age Proof |
| 5 | Identity Proof |
| 6 | Address Proof |
| 7 | Bank Account Details |
| 8 | Project Report or Business Plan |
How to Apply in Gujarat
Step 1: Visit the official website of DAAD Online. At the bottom of the page, in the "Details of the Scheme" section, click the “Apply Now” button adjacent to the scheme that you intend to apply for.
Online Step 1: Visit the official website of DAAD Online. At the bottom of the page, in the "Details of the Scheme" section, click the “Apply Now” button adjacent to the scheme that you intend to apply for.
Step 2: In the online application form, fill in all the mandatory fields and upload all the mandatory documents in the specified format and size. Carefully review all the information provided and the documents uploaded. Make any necessary correcti…
Online Step 2: In the online application form, fill in all the mandatory fields and upload all the mandatory documents in the specified format and size. Carefully review all the information provided and the documents uploaded. Make any necessary corrections. Complete the Captcha code as prompted. Click the "Submit" button after verifying all information. Upon successful submission, a Confirmation Number will be generated. Carefully note this number, as it is essential for any future edits or uploads.
Step 3: Visit the official website or portal, and click "Print Application". Provide the mandatory details such as Scheme Name, Date of Birth, and Confirmation Number. Click "Submit" to generate the final printable version of your application. Sav…
Online Step 3: Visit the official website or portal, and click "Print Application". Provide the mandatory details such as Scheme Name, Date of Birth, and Confirmation Number. Click "Submit" to generate the final printable version of your application. Save or print the document for your records.
Common questions in Gujarat
Who can apply for Small Scale Lending Scheme (Microfinance) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Small Scale Lending Scheme (Microfinance). Refer to the eligibility section above for the complete checklist.
What documents are required for Small Scale Lending Scheme (Microfinance) 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
Unfortunately, you cannot apply as the scheme has a strict age eligibility criterion of 21 to 45 years. The upper age limit of 45 years is mandatory and non-negotiable for all applicants. <br> <br> <br>