Sarkari Yojana
Loan for Small Businesses (DAADC)
About Loan for Small Businesses (DAADC)
The Dr. Ambedkar Antyodaya Development Corporation (DAADC), under the Social Justice and Empowerment Department, Government of Gujarat, implements the “Loan for Small Businesses” scheme. It encourages self-employment among Scheduled Caste (SC) members of Antyodaya Anna Yojana (AAY) families by funding new small businesses or self-employment ventures, with eligible beneficiaries able to borrow up to ₹1,25,000 at a concessional rate of interest.
Scheme Overview
State Government
Dr. Ambedkar Antyodaya Development Corporation
Individual
Scheme Details
Eligibility Requirements
To qualify for Loan for Small Businesses (DAADC), applicants must satisfy the following conditions:
Residence in Gujarat is required
Residence in Gujarat is required.
Only members of the Scheduled Caste (SC) category…
Only members of the Scheduled Caste (SC) category qualify.
The applicant's family has to be an Antyodaya…
The applicant's family has to be an Antyodaya Anna Yojana (AAY) family.
Yearly family income must be ₹3,00,000/- or less
Yearly family income must be ₹3,00,000/- or less.
The applicant should plan to start a small…
The applicant should plan to start a small business or occupation, or to expand one.
Two guarantors must be arranged by the applicant
Two guarantors must be arranged by the applicant.
Benefits Provided
Loan for Small Businesses (DAADC) provides the following benefits to eligible applicants:
Loan Amount:
Borrowers can receive up to ₹1,25,000/-.
Interest Rate:
The loan carries interest of 4% per annum.
Loan Tenure:
It is repaid over 60 months (5 years).
Guarantors Required:
Two guarantors have to stand surety.
State Government Contribution:
The State Government funds 100%, so the beneficiary pays no share.
Approximate Installment Amount:
Monthly installments come to at most ₹2,302/-.
Documents Required
Applicants should keep the following documents ready before starting the application:
Applicant's Aadhaar Card
Applicant's Aadhaar Card
Details of bank account
Details of bank account
Certificate of income
Certificate of income
School Leaving certificate
School Leaving certificate
Electricity Bill (copy)
Electricity Bill (copy)
Proof of age
Proof of age
Certificate of caste
Certificate of caste
Family Ration Card
Family Ration Card
Election Card (copy)
Election Card (copy)
How to Apply
Online Application
Applicants can apply for Loan for Small Businesses (DAADC) through the online application process outlined below.
Open the Dr
Open the Dr. Ambedkar Antyodaya Vikas Nigam (SC) official website.
Choose "Apply Now" in the top menu bar
Choose "Apply Now" in the top menu bar.
Select the name of the loan scheme
Select the name of the loan scheme.
Pick the loan category and enter the loan…
Pick the loan category and enter the loan amount.
Complete the Application Form with these details
Complete the Application Form with these details:
Personal Information, such as name, gender, date of birth, caste, etc.
Address Information covering permanent and correspondence addresses
Income Details showing monthly family income and its source
Loan Requirement stating the amount and intended use (e.g., business, self-employment)
Bank Account Details where the loan will be disbursed
Upload scanned copies of the Caste certificate, Income…
Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, first page of the Bank passbook, and Residence proof.
Check every detail again using "Preview", and if…
Check every detail again using "Preview", and if all is correct, press "Submit".
An Application ID/Reference Number is issued; save or…
An Application ID/Reference Number is issued; save or print the acknowledgement to track the application later.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.