The “6% Interest Subsidy on Loans taken through Banks up to a Limit of Rs.5 Lakh for Self-Employment” scheme was launched by the Tribal Development Department, Government of Gujarat. It aims to promote self-employment among scheduled tribe (ST) individuals by making business loans affordable. Under this scheme, ST beneficiaries availing loans for self-employment are provided a interest subsidy to reduce financial burden and encourage entrepreneurship.

Benefits

• 6% interest subsidy on loans taken through banks.
• Maximum loan amount eligible: ₹5,00,000/-.

Eligibility

• The applicant must belong to the Scheduled Tribe (ST) category.
• The applicant must be a resident of tribal areas in Gujarat.
• The applicant must have availed a bank loan for self-employment purposes.

Application Process

Offline

• Step 1: Visit the office of the Project Administrator, Gujarat Tribal Development Corporation, Gandhinagar, or any tribal district office.
• Step 2: Fill in the mandatory fields in the application form and attach self-attested copies of required documents.
• Step 3: Submit to the office of the Tribal District Sponsorship Administrator.
• Step 4: Obtain a receipt or acknowledgment.

Documents Required

• Aadhaar Card
• Bank Passbook/Cancelled Cheque
• Caste Certificate
• Loan Approval Letter
• Passport-size Photos