Term Loan Scheme (GTKVN)

Description
The scheme “Term Loan Scheme” 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 promote self-employment among individuals from the Thakor and Koli communities by providing financial assistance for agriculture and allied activities, small-scale businesses, craftsmanship, traditional occupations, and service-based businesses/trades. Under this scheme, beneficiaries can avail loans at concessional interest rates to purchase equipment, raw materials, or working capital.

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Benefits
• Loan Amount: Loans up to ₹10,00,000/- are provided for eligible small businesses.
• Interest Rate: Interest on the loan will be charged at 6% up to ₹5,00,000/-.
• Loan Coverage: Government share 95% of project cost, and beneficiary share 5% margin money
• Loan Tenure: The loan amount will have to be repaid in 60 equal monthly installments including interest.
• Guarantor: One guarantor required

Eligibility Criteria
1. The applicant should be a resident of Gujarat.
2. The applicant should belong to Thakor or Koli community.
3. The applicant’s annual family income should not exceed ₹3,00,000/-.
4. The applicant’s age should be between 21 and 50 years.
5. The applicant must have experience/skilled in the proposed trade or business.
6. The applicant will have to provide suitable collateral to get the loan.
7. > **Note:** At least 50% of the total loan amount will be allocated for families with annual income up to ₹1,50,000/-.
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Application Process
Step 1: Step 1: Visit the official website of the Gujarat Thakor and Koli Vikas Nigam.
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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".
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Step 2: On the top menu bar, click on "Apply Now".

Step 3: Step 3: Click on the loan scheme name.
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Step 3: Click on the loan scheme name.

Step 4: Step 4: Select the loan category and fill in the loan amount.
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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:
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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.
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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”.
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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.
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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: What is the maximum loan I can get?
A: Up to ₹10,00,000 based on project cost and eligibility.
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Q: What is the rate of interest on the loan?
A: The interest rate is 6% per annum for loan amounts up to₹5,00,000.
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Q: Who is eligible to apply for this loan?
A: Individuals belonging to the Thakor or Koli caste are eligible to apply.
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Q: What can I use the loan for?
A: Agriculture and allied activities, small industries, traditional crafts, or service businesses.
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Q: Is any contribution required from the beneficiary?
A: Yes, the beneficiary has to contribute 5% of the project/business cost.
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Q: What types of activities are covered under this loan scheme?
A: The scheme covers agriculture and related activities, small-scale industries, artisanal and traditional professions, and service-type businesses or occupations.
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Q: What is the age limit for applicants?
A: The applicant must be at least 21 years old and not older than 50 years as on the date of application.
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Q: What is the repayment period for the loan?
A: The loan must be repaid in 60 equal monthly installments, including interest.
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Q: Is collateral required for availing this loan?
A: Yes, the applicant must provide suitable collateral as security for the loan.
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