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.

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Source: myScheme.gov.in ↗Last verified: 5 Oct 2026·YojnaGuru is not affiliated with or endorsed by any government body

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.
  • •

    The applicant must belong to a Scheduled Caste (SC) community.

  • •

    The applicant must be part of an Antyodaya (AAY) family.

  • •

    The applicant’s annual family income should not exceed ₹3,00,000/-.

  • •

    The applicant must be a resident of Gujarat.

  • •

    The applicant should be a self-help group of unemployed persons.

  • •

    The applicant must be a member of a registered self-help group (SHG) or apply individually with valid business intent.

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

Step 1: Visit the official website of the Dr. Ambedkar Antyodaya Vikas Nigam (SC).

Step 2: On the top menu bar, click on "Apply Now".

Step 3: Click on the loan scheme name.

Step 4: Select the loan category and fill in the loan amount.

Step 5: Fill out the Application Form, enter the following details:

  • 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

Step 6: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.

Step 7: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.

Step 8: Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.