Loan for Small Businesses (DAADC)

About This Scheme

The "Loan for Small Businesses" scheme is implemented by the Dr. Ambedkar Antyodaya Development Corporation (DAADC) under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to promote self-employment among Scheduled Caste (SC) individuals belonging to Antyodaya Anna Yojana (AAY) families by providing financial assistance for starting small businesses or self-employment ventures. Under this scheme, eligible beneficiaries are provided a loan of up to ₹1,25,000 at a concessional interest rate.

Eligibility

1. The applicant should be a resident of Gujarat. 1. The applicant should belong to the Scheduled Caste (SC) category. 1. The applicant should belong to an Antyodaya Anna Yojana (AAY) family. 1. The applicant’s annual family income should not exceed ₹3,00,000/-. 1. The applicant should intend to start or expand a small business or occupation. 1. The applicant should be able to provide two guarantors.

Benefits

Loan Amount: - Up to ₹1,25,000/- *Interest Rate*_:_ - 4% per annum *Loan Tenure:*__ - 60 months (5 years) *Guarantors Required:*__ - Two guarantors *State Government Contribution:* - 100% (no beneficiary share required) *Approximate Installment Amount:* - ₹2,302/- per month (maximum)

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.