Term Loan Scheme (GTKVN)
in Gujarat
Last updated:
Term Loan Scheme (GTKVN) in Gujarat
Term Loan Scheme (GTKVN) is a government scheme available to eligible residents of Gujarat.
Apply for Term Loan Scheme (GTKVN) in Gujarat
Scheme Overview
The scheme aims to promote self-employment among individuals from the Thakor and Koli communities by providing financial assistance up to ₹10,00,000/- for agriculture and allied activities, small-scale businesses, craftsmanship, traditional occupations, and service-based businesses/trades.
Eligibility Criteria
The applicant should be a resident of Gujarat.
The applicant should belong to Thakor or Koli community.
The applicant’s annual family income should not exceed ₹3,00,000/-.
The applicant’s age should be between 21 and 50 years.
The applicant must have experience/skilled in the proposed trade or business.
The applicant will have to provide suitable collateral to get the loan.
> **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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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
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 in Gujarat
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.
Common questions in Gujarat
Who can apply for Term Loan Scheme (GTKVN) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Term Loan Scheme (GTKVN). Refer to the eligibility section above for the complete checklist.
What documents are required for Term Loan Scheme (GTKVN) 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 ₹10,00,000 based on project cost and eligibility. <br>