About this banking scheme
The scheme aims to promote self-employment for SC individuals. It offers microloans to start small businesses and become economically self-sufficient.
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 at a glance
| Scheme name | Microcredit Finance Scheme- Self Help Groups (DAADC) (MFS-SHG) |
|---|---|
| Launched by | Social Justice and Empowerment Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | State · Gujarat |
| Official portal | daadconline.gujarat.gov.in (see References at the end) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Online |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Family income limit | Up to Rs. 3 lakh per year |
Who can apply (quick check)
- 👤All genders
- 🏷️SC
- 🏘️Rural
- 💰Income Rs. 3 lakh tak
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Loan Amount: Up to Rs. 50,000/- (maximum Rs. 5,00,000/-)
- Interest Rate: 6% annually
- Loan Tenure: 36 months (3 years)
- State Government Share: 95% (Rs. 47,500/-)
- Beneficiary Share: 5% (Rs. 2,500/-)
- Guarantor: Not required
- Possible Installment amount : Rs. 1,445/- per month.
Who qualifies
- 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 Rs. 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.
Who is not eligible
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Registration walkthrough
Online
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.
Frequently asked questions
What is the maximum loan amount I can get?
Up to Rs. 50,000 for individuals; in some cases, up to Rs. 5,00,000.
Do I need a guarantor to apply?
No guarantor is required for this scheme.
What is the interest rate on the loan?
A fixed interest rate of 4% per annum.
What documents are required to apply?
Aadhaar card, caste certificate, bank details, income certificate, etc.
How do I apply for the scheme?
Apply online through https://daadconline.gujarat.gov.in.
Do I need to pay any fees to apply?
No, the application is completely free.
Can I use the loan for personal purposes?
No, it must be used for setting up a business.
Can residents of other states apply?
No, only permanent residents of Gujarat are eligible.
References and official sources
Apply only on the official portal. Nothing is applied for on this site, and applying is free.
- Guidelines (PDF) sje.gujarat.gov.in
- Scheme Details mariyojana.gujarat.gov.in
- Official Website sje.gujarat.gov.in
grokipedia.org.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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