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Central GovernmentVerified

MICRO FINANCE (Gopalak Nigam)

Micro-loan scheme for Rabari and Bharwad caste entrepreneurs in Gujarat. Provides up to ₹1.25 lakh loan at 5% interest with only 5% beneficiary contribution.

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

About This Scheme

This microfinance scheme aims to empower small entrepreneurs from the Rabari and Bharwad castes by offering affordable loans with minimal beneficiary contribution. Designed to support income-generating activities, the scheme helps beneficiaries fund small businesses with 95% of the project cost covered by the corporation, while only 5% is required as their own contribution. The maximum loan offered under the scheme is ₹1.25 lakh, with a subsidized interest rate of 5% per annum. The scheme is intended to improve economic participation and entrepreneurship among socially and educationally backward communities in Gujarat.

Benefits

₹1.3 L · annual

  • Loan assistance up to ₹1.25 lakh for small businesses
  • Interest rate fixed at 5% per annum
  • 95% loan coverage by the corporation
  • Only 5% contribution needed from the applicant
  • Promotes economic independence and small-scale entrepreneurship

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
  • •

    The applicant must be a permanent resident of Gujarat.1. The applicant must be a woman or man belonging to the Rabari or Bharwad caste.1. The applicant must belong to a socially and educationally backward class as recognized by the Gujarat government.1. The applicant must be between 21 and 45 years of age.1. The applicant’s annual family income must not exceed ₹3.00 lakh.1. The applicant must be planning to start or expand a small business.

Required Documents

  • ✦
    Residence/Domicile Certificate of Gujarat
  • ✦
    Caste Certificate (Rabari or Bharwad)
  • ✦
    Income Certificate
  • ✦
    Proof of Age (Aadhaar card, Voter ID, etc.)
  • ✦
    Bank passbook or cancelled cheque
  • ✦
    Own contribution proof (5%)
  • ✦
    Basic business plan or purpose of loan

✦ Required ◦ Optional

How to Apply

OOnline

Step 1: Visit the official DAADC online portal.

Step 2: Register/log in using your credentials.

Step 3: Fill out the application form with accurate personal and scheme-specific details.

Step 4: Upload the required documents and submit.

Quick Info

Level
Central Government
Max benefit
₹1.3 L

Available In

Gujarat

Categories

Social welfare & EmpowermentBusiness & Entrepreneurship

Data Sources