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MFGN

MICRO FINANCE (Gopalak Nigam)

Micro-loan scheme for Rabari and Bharwad caste entrepreneurs in Gujarat. Provides up to ₹1.25 lakh loan at 5% interest with only 5% beneficiary contribution.

State Composite

States / UT: Gujarat

Nodal department: Social Justice and Empowerment Department

Scheme profile

DBT (direct benefit transfer): No

Categories: Business & Entrepreneurship, Social welfare & Empowerment

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

Target beneficiaries: Self Help Groups (SHGS)

Tags: Microfinance, Rabari & Bharwad Caste, Small Businesses, Loan

Details

This microfinance scheme aims to empower small entrepreneurs from the Rabari and Bharwad castes by offering affordable loans with minimal beneficiary contribution. Designed to support income-generating activities, the scheme helps beneficiaries fund small businesses with 95% of the project cost covered by the corporation, while only 5% is required as their own contribution.
The maximum loan offered under the scheme is ₹1.25 lakh, with a subsidized interest rate of 5% per annum. The scheme is intended to improve economic participation and entrepreneurship among socially and educationally backward communities in Gujarat.

Benefits

  • - Loan assistance up to ₹1.25 lakh for small businesses- Interest rate fixed at 5% per annum 95% loan coverage by the corporation- Only 5% contribution needed from the applicant- Promotes economic independence and small-scale entrepreneurship
  • Loan assistance up to ₹1.25 lakh for small businesses- Interest rate fixed at 5% per annum
  • 95% loan coverage by the corporation- Only 5% contribution needed from the applicant- Promotes economic independence and small-scale entrepreneurship

Eligibility

  1. The applicant must be a **permanent resident of Gujarat.**1. The applicant must be a woman or man belonging to the **Rabari or Bharwad caste.**1. The applicant must belong to a socially and educationally backward class as recognized by the Gujarat government.1. The applicant must be between **21 and 45 years of age.**1. The applicant’s annual family income must **not exceed ₹3.00 lakh.**1. The applicant must be planning to start or expand a small business.

Exclusions


Application Process

Online

Step 1: Visit the official DAADC online portal.
Step 2: Register/log in using your credentials.
Step 3: Fill out the application form with accurate personal and scheme-specific details.
Step 4: Upload the required documents and submit.

Documents Required

No document list is available for this scheme yet.

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