Bankable Scheme

About This Scheme

The "Bankable Scheme" is implemented by the Gujarat Scheduled Caste Development Corporation (GSCDC) under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to provide financial assistance to scheduled caste persons for self-employment opportunities. Under this scheme, loans are provided for business, industry, or service activities, along with a subsidy of 50% of the loan amount or a maximum of ₹50,000/-. For setting up or expanding self-employment ventures in areas like animal husbandry, tailoring, groceries, beauty parlors, carpentry, RCC centering, footwear, bamboo work, embroidery, and other small-scale trades.

Eligibility

1. The applicant must be from a scheduled caste. 1. The applicant must be a permanent resident of Gujarat. 1. The applicant's age must be between 18 to 60 years. 1. The applicant must be unemployed. 1. The applicant must be capable of undertaking business activity.1. The applicant must not be a defaulter of any financial institution. 1. The applicant's annual income must not exceed ₹1,50,000/- (if residing in urban area) and ₹1,20,000/- (if residing in rural area).

Benefits

- Loan assistance up to ₹2,00,000/- for businesses, industries, and service activities. - Maximum loan of ₹1,00,000/- for business and ₹1,00,000/- for the industry/service sector individually. - Subsidy of 50% of the loan amount or up to ₹50,000/-, whichever is lower.

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.