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.
Last verifiedToday
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.
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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
Quick Info
- Level
- Central Government
- Max benefit
- ₹1.3 L