What you get
- Loan Amount: Up to ₹60,000/- for eligible small businesses.- Interest Rate: 5% per annum.- Loan Coverage: 95% of the project/business cost is covered; 5% contribution is to be made by the beneficiary.- Repayment Term: 48 equal monthly installments (4 years), including interest.
Who can apply
The applicant should be a resident of Gujarat.; The applicant should be a member of a Self Help Group (SHG).; The applicant should belong to the Thakor or Koli caste.; The applicant's age should be at least 21 years and not more than 50 years as on the date of application.; The applicant’s annual family income should not exceed ₹3,00,000/-.; The applicant should have relevant experience in the proposed trade/business field.; The applicant will have to provide suitable collateral to get the loan.
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who can apply under the scheme?
SHG members from Thakor or Koli caste aged 21–50 years.
What percentage of the business cost is financed?
95% is financed; 5% must be contributed by the beneficiary.
What is the repayment period?
The 48 monthly installments.
Can I use the loan for any type of business?
Yes, any skilled or small business.
Is prior business experience required?
Yes, experience in trade or technical skill is required.
Is a guarantor needed?
Yes, loan sanction requires a bail/guarantor.
Are individual applicants apply?
No, only SHG members can apply.
Is there a reservation for lower income groups?
Yes, 50% of loans are for families earning ≤ ₹1,50,000.
Can I apply offline?
No, the application is accepted online only.
Where can I check my application status?
On the GTKDC online portal using your login.