Microcredit Finance Scheme- Self Help Groups (DAADC)
The scheme aims to promote self-employment for SC individuals. It offers microloans to start small businesses and become economically self-sufficient.
About This Scheme
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
Loan Amount: Up to ₹50,000/- (maximum ₹5,00,000/-)
Interest Rate: 6% annually
Loan Tenure: 36 months (3 years)
State Government Share: 95% (₹47,500/-)
Beneficiary Share: 5% (₹2,500/-)
Guarantor: Not required
Possible Installment amount : ₹1,445/- per month.
Eligibility Criteria
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 ₹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.
Application Process
Apply 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.
Official Source: View on myScheme.gov.in
Benefits
Loan Amount: Up to ₹50,000/- (maximum ₹5,00,000/-)
Interest Rate: 6% annually
Loan Tenure: 36 months (3 years)
State Government Share: 95% (₹47,500/-)
Beneficiary Share: 5% (₹2,500/-)
Guarantor: Not required
Possible Installment amount : ₹1,445/- per month.
Application Process
Apply 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.
References & Official Links
Scheme Details
| Full Name | Microcredit Finance Scheme- Self Help Groups (DAADC) |
| Short Title | MFS-SHG |
| Level | State |
| Scheme For | Individual |
| Categories | Banking,Financial Services and Insurance, Business & Entrepreneurship |
| States | Gujarat |
| Source | myScheme.gov.in ↗ |