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.

Benefits

• Loan Amount: Up to ₹50,000/- (maximum group limit ₹5,00,000/-).
• Interest Rate: 6% annually.
• Loan Tenure: 36 months (3 years).
• Funding Share: 95% State Government (₹47,500/-) and 5% Beneficiary (₹2,500/-).
• Guarantor: Not required.
• Estimated Installment: Approximately ₹1,445/- per month.

Eligibility

• The applicant must belong to a Scheduled Caste (SC) community and be part of an Antyodaya (AAY) family.
• The applicant’s annual family income should not exceed ₹3,00,000/-.
• Resident of Gujarat.
• Must be a self-help group of unemployed persons or an individual member of a registered SHG with valid business intent.

Application Process

Online: https://daadconline.gujarat.gov.in/

1. Step 1: Visit the official website and click on “Apply Now”.
2. Step 2: Select the loan scheme and category, then enter the amount.
3. Step 3: Fill in personal, address, and income details.
4. Step 4: Enter business intent and bank account details.
5. Step 5: Upload Aadhaar card, Caste certificate, Income certificate, Bank passbook, and photo.
6. Step 6: Preview and Submit the application.

Documents Required

• Aadhaar Card and Identity Proof.
• Caste Certificate and Income Certificate.
• Ration Card (AAY).
• School Leaving Certificate / Age Proof.
• Business Address Proof.
• Bank Passbook and Passport Size Photos.