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.
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:
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:
₹2,302/- per month (maximum)
Eligibility Criteria
The applicant should be a resident of Gujarat.
The applicant should belong to the Scheduled Caste (SC) category.
The applicant should belong to an Antyodaya Anna Yojana (AAY) family.
The applicant’s annual family income should not exceed ₹3,00,000/-.
The applicant should intend to start or expand a small business or occupation.
The applicant should be able to provide two guarantors.
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 ₹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:
₹2,302/- per month (maximum)
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 | Loan for Small Businesses (DAADC) |
| Short Title | LSBDAADC |
| Level | State |
| Scheme For | Individual |
| Categories | Banking,Financial Services and Insurance, Business & Entrepreneurship |
| States | Gujarat |
| Gender | All |
| Caste/Category | SC |
| Area | Both |
| Income Limit | ₹300,000/year |
| Source | myScheme.gov.in ↗ |