Sarkari Yojana
MICRO FINANCE (Gopalak Nigam)
About MICRO FINANCE (Gopalak Nigam)
Aimed at small entrepreneurs from the Rabari and Bharwad castes, this microfinance scheme offers affordable loans that ask very little of the beneficiary. To fund income-generating small businesses, the corporation meets 95% of the project cost, leaving the beneficiary to put in just 5%. Loans go up to ₹1.25 lakh at a subsidized 5% per annum interest rate, with the goal of boosting economic participation and entrepreneurship among socially and educationally backward communities in Gujarat.
Scheme Details
Eligibility Requirements
To qualify for MICRO FINANCE (Gopalak Nigam), applicants must satisfy the following conditions:
Only a permanent resident of Gujarat can apply
Only a permanent resident of Gujarat can apply.
Both women and men can benefit, provided they…
Both women and men can benefit, provided they are from the Rabari or Bharwad caste.
The applicant has to be part of a…
The applicant has to be part of a socially and educationally backward class recognised by the Gujarat government.
Age must lie between 21 and 45 years
Age must lie between 21 and 45 years.
Yearly family income should not be more than…
Yearly family income should not be more than ₹3.00 lakh.
The applicant should intend to start a small…
The applicant should intend to start a small business or grow an existing one.
Benefits Provided
MICRO FINANCE (Gopalak Nigam) provides the following benefits to eligible applicants:
Small businesses can get loans of up to…
Small businesses can get loans of up to ₹1.25 lakh
The loan carries a fixed interest rate of…
The loan carries a fixed interest rate of 5% per annum
The corporation provides 95% of the cost as…
The corporation provides 95% of the cost as loan
The applicant has to bring in only 5%…
The applicant has to bring in only 5% as own contribution
It encourages economic self-reliance and small-scale enterprise
It encourages economic self-reliance and small-scale enterprise
Documents Required
Applicants should keep the following documents ready before starting the application:
You must submit the following documents:
Gujarat Domicile/Residence Certificate
Gujarat Domicile/Residence Certificate
Certificate of caste showing Rabari or Bharwad
Certificate of caste showing Rabari or Bharwad
Certificate of income
Certificate of income
Age proof, such as an Aadhaar card, Voter…
Age proof, such as an Aadhaar card, Voter ID, etc.
Cancelled cheque or bank passbook
Cancelled cheque or bank passbook
Evidence of the 5% own contribution
Evidence of the 5% own contribution
A simple business plan or the purpose of…
A simple business plan or the purpose of the loan
How to Apply
Online Application
Applicants can apply for MICRO FINANCE (Gopalak Nigam) through the online application process outlined below.
Go to the official DAADC online portal
Go to the official DAADC online portal.
Sign up or log in with your credentials
Sign up or log in with your credentials.
Complete the application form with correct personal and…
Complete the application form with correct personal and scheme-related details.
Attach the required documents and submit the application
Attach the required documents and submit the application.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.