Central GovernmentVerified
Microcredit Finance Scheme- Self Help Groups (DAADC)
The scheme aims to promote self-employment for SC individuals. It offers microloans to start small businesses and become economically self-sufficient.
Last verifiedToday
About This Scheme
The "Microcredit Finance Scheme- Self Help Groups" is implemented by the Dr. Ambedkar Antyodaya Development Corporation (DAADC) under the Social Justice and Empowerment Department, Government of Gujarat. It aims to promote self-employment among Scheduled Caste (SC) individuals and Antyodaya Self-Help Groups by providing microloans for starting small-scale businesses. Under this scheme, unemployed individuals from SC communities receive financial assistance to become self-reliant through entrepreneurship.
Benefits
₹50.0K · annual
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.
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦Aadhaar Card
- ✦Bank Details Copy of Hier
- ✦Business Address Proof
- ✦Identity proof of Applicant
- ✦Passport Size Photos
- ✦School Leaving
- ✦Age Proof
- ✦Birth Certificate
- ✦Caste Certificate
- ✦Income Certificate
- ✦Ration Card
✦ Required ◦ Optional
How to Apply
OOnline
Personal Information: Name, gender, date of birth, caste, etc. Address Information: Permanent and correspondence address Income Details: Monthly family income and source Loan Requirement: Amount needed, proposed use (e.g., business, self-employment) Bank Account Details: For loan disbursement
Quick Info
- Level
- Central Government
- Max benefit
- ₹50.0K