LSBDAADC

Loan for Small Businesses (DAADC)

Financial assistance is provided to Scheduled Caste individuals from Antyodaya Anna Yojana families in Gujarat for starting small businesses. Eligible applicants can secure a loan of up to ₹1,25,000 at a concessional interest rate of 4% per annum, repayable over 60 months, with no beneficiary share required.

State Cash

States / UT: Gujarat

Nodal department: Social Justice and Empowerment Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Banking,Financial Services and Insurance, Business & Entrepreneurship

Sub-categories: Loan, Setting up / start-up / entrepreneurship

Target beneficiaries: Individual

Tags: Loan, Self-employment, Scheduled Caste, Small Business, Antyodaya Family

Details

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)

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

  1. The applicant should be a resident of Gujarat.
  2. The applicant should belong to the Scheduled Caste (SC) category.
  3. The applicant should belong to an Antyodaya Anna Yojana (AAY) family.
  4. The applicant’s annual family income should not exceed ₹3,00,000/-.
  5. The applicant should intend to start or expand a small business or occupation.
  6. The applicant should be able to provide two guarantors.

Exclusions


Application Process

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.

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

Who is eligible for this scheme?
Scheduled Caste (SC) individuals belonging to Antyodaya Anna Yojana (AAY) families residing in Gujarat. <br>
What is the repayment period for the loan?
The loan must be repaid within 60 months (5 years). <br> <br> <br>
Are there any guarantor requirements?
Yes, 2 guarantors are mandatory. <br>
Is there any income limit?
Yes, annual family income must be ₹3,00,000 or less. <br>
What is the contribution of the State Government?
The State Government contributes 100% towards the interest subsidy on the loan. <br> <br> <br>
How much is the monthly installment?
The maximum monthly installment is approximately ₹2,302. <br>
Are women eligible for this loan scheme?
Yes, eligible SC women from AAY families can also apply under this scheme. <br>
Can a person from another state apply for this scheme?
No, only residents of Gujarat are eligible to apply for the Scheme. <br>

References

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status