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Loan for Small Businesses (DAADC)

The scheme aims to promote self-employment among Scheduled Caste individuals belonging to Antyodaya Anna Yojana families by providing financial assistance for starting small businesses. Under this scheme, eligible beneficiaries are provided a loan of upto ₹1,25,000/- at a concessional interest rate.

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About This Scheme

The "Loan for Small Businesses" scheme is implemented by the Dr. Ambedkar Antyodaya Development Corporation (DAADC) under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to promote self-employment among Scheduled Caste (SC) individuals belonging to Antyodaya Anna Yojana (AAY) families by providing financial assistance for starting small businesses or self-employment ventures. Under this scheme, eligible beneficiaries are provided a loan of up to ₹1,25,000 at a concessional interest rate.

Benefits

Loan Amount:

₹1.3 L

Up to ₹1,25,000/-

Interest Rate_:_

4% per annum

Loan Tenure:__

60 months (5 years)

Guarantors Required:__

Two guarantors

State Government Contribution:

100% (no beneficiary share required)

Approximate Installment Amount:

₹2.3K · monthly

₹2,302/- per month (maximum)

Eligibility

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

Required Documents

✦
Aadhaar Card
✦
Bank Account Details
✦
Income Certificate
✦
School Leaving
✦
Copy of Electricity Bill
✦
Age Proof
✦
Caste Certificate
✦
Ration Card
✦
Copy of Election 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: ₹1.3 L