Small Scale Lending Scheme (Microfinance)

About This Scheme

The scheme "Small Scale Lending Scheme (Microfinance)" by the Social Justice and Empowerment Department, Government of Gujarat, aims to provide microcredit to the small entrepreneurs of the target group. The scheme provides loans up to ₹1,25,000/- at subsidized interest rates of 5% per annum to eligible beneficiaries. To be eligible, the applicant must belong to the Rabari and Bharwad castes among the socially and educationally backward classes and must be aged between 21 to 45 years. The scheme is implemented by Gujarat Gopalak Vikas Nigam. The applications for this scheme are accepted online through the Department of Agriculture and Animal Husbandry (DAAD) Online portal.

Eligibility

- The applicant must belong to the Rabari and Bharwad castes among the socially and educationally backward classes. - The applicant must be aged between 21 to 45 years. - The applicant must have an annual income of less than or equal to ₹3,00,000/-.

Benefits

Loan Amount: Maximum loan limit of ₹1,25,000/-. Interest Rate: Subsidized interest rate of 5% per annum. Loan Coverage: 95% of the project cost is covered through a loan. Beneficiary Contribution: Only 5% contribution is required from the beneficiary. Target Group Support: Specifically designed for small entrepreneurs from the Rabari and Bharwad communities.

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.