About this Scheme
The scheme aims to create self-employment for the backwards class men. Through this scheme, low interest rates and financial help are provided to the backwards class men.
About This Scheme
The scheme “Micro Finance (GBCDC)” by the Social Justice and Empowerment Department, Government of Gujarat, aims to create self-employment for men from the backwards classes. Through this scheme, low interest rates and financial help are provided to the backwards class men. The scheme is implemented by the Gujarat Backwards Classes Development Corporation.
Benefits
The maximum loan limit under this scheme is up to βΉ1,25,000/-.
The interest rate in these schemes is 5 percent per annum.
In these schemes, 90 per cent of the unit cost will be provided as a loan, with 90 per cent from the national corporation, 5 per cent from the state government, and 5 per cent from the beneficiary contribution.
This loan is to be repaid in 48 equal monthly instalments, including interest.
Eligibility Criteria
The applicant should belong to a socially and educationally backwards class.
The total annual income of the applicant’s family should not exceed βΉ3,00,000/-.
The applicant’s age should be between 21 and 45 years as on the date of application.
The applicant must have experience in a business requiring technical and other skills.
Application Process
Apply Online
Step 1: Visit the
official website
of the Gujarat Backwards Caste Development Corporation.
Step 2: On the top menu bar, click on “Apply Online”.
Step 3: If youβre a new user, click on “New Registration” Enter personal details (name, mobile number, email, aadhaar number, etc.), create a password, and complete OTP verification.
Step 4: Use your registered credentials (User ID and password) to log in.
Step 5: Click on βNew Applicationβ. Select βMicro Finance Schemeβ from the list of available schemes.
Step 6: 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 7: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Step 8: Double-check all details. Click on βPreviewβ to verify. If all details are correct, click βSubmitβ.
Step 9: You will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
Official Source: View on myScheme.gov.in
Scheme Benefits
- The maximum loan limit under this scheme is up to βΉ1,25,000/-.
- The interest rate in these schemes is 5 percent per annum.
- In these schemes, 90 per cent of the unit cost will be provided as a loan, with 90 per cent from the national corporation, 5 per cent from the state government, and 5 per cent from the beneficiary contribution.
- This loan is to be repaid in 48 equal monthly instalments, including interest.