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 (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Online |
| Last date | Ongoing (no last date notified) |
| 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.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines sje.gujarat.gov.in (PDF)
- Scheme Details mariyojana.gujarat.gov.in
- Official Website sje.gujarat.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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