Central GovernmentVerified

Swayam Saksham Yojana (GBCDC)

This scheme aims to instill a sense of self-reliance in the youth belonging to backward classes after receiving vocational education/training. Under this scheme, eligible youth are provided loans at a low-interest rate to start self-employment ventures.

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About This Scheme

The scheme "Swayam Saksham Yojana" is implemented by the Gujarat Backward Classes Development Corporation (GBCDC) under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to inculcate the spirit of self-reliance among socially and educationally backward class youth who have received vocational or professional training. Under this scheme, low-interest loans are provided to educated unemployed youth for setting up self-employment ventures like clinics, law offices, engineering units, and more. The initiative focuses on empowering beneficiaries to start independent businesses with financial assistance, promoting economic inclusion and entrepreneurship.

Benefits

Loan Amount:

₹5.0 L

Up to ₹5,00,000/- per applicant.

Interest Rate:

6% per annum.

Loan Share: Under the scheme, the loan will be distributed in a unit cost ratio where-

85% will be covered by a national corporation

10% by State Government

5% contribution by the beneficiary

Repayment Terms:

This loan will have to be repaid in 60 equal monthly installments including interest.

Eligibility

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

Required Documents

✦
Aadhar Card
✦
Bank Passbook/Cancelled Cheque
✦
Business Address Proof
✦
Certificate of Professional Course
✦
Income Certificate
✦
Passport Size Photos
✦
Quotations
✦
True Copy of Election Card
✦
Age Proof/Birth Certificate
✦
Caste Certificate
✦
Graduate Mark sheet/Mark sheet
✦
Post Graduate Mark sheet
✦
School Leaving certificate

✦ 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: ₹5.0 L