What you get
- 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.
Who can apply
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.
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Do I need a guarantor to apply?
No guarantor is required for this scheme.
What is the interest rate on the loan?
A fixed interest rate of 4% per annum.
What documents are required to apply?
Aadhaar card, caste certificate, bank details, income certificate, etc.
What is the maximum loan amount I can get?
Up to ₹50,000 for individuals; in some cases, up to ₹5,00,000.
How do I apply for the scheme?
Apply online through https://daadconline.gujarat.gov.in.
Do I need to pay any fees to apply?
No, the application is completely free.
Can I use the loan for personal purposes?
No, it must be used for setting up a business.
Can residents of other states apply?
No, only permanent residents of Gujarat are eligible.