Sarkari Yojana
Microcredit Finance Scheme- Self Help Groups (DAADC)
About Microcredit Finance Scheme- Self Help Groups (DAADC)
The Dr. Ambedkar Antyodaya Development Corporation (DAADC), under the Social Justice and Empowerment Department, Government of Gujarat, implements the “Microcredit Finance Scheme- Self Help Groups”. It encourages self-employment among Scheduled Caste (SC) individuals and Antyodaya Self-Help Groups by offering microloans to start small-scale businesses. Unemployed people from SC communities get financial help to become self-reliant through entrepreneurship.
Scheme Details
Eligibility Requirements
To qualify for Microcredit Finance Scheme- Self Help Groups (DAADC), applicants must satisfy the following conditions:
Only members of a Scheduled Caste (SC) community…
Only members of a Scheduled Caste (SC) community can apply.
The applicant has to belong to an Antyodaya…
The applicant has to belong to an Antyodaya (AAY) family.
Family income in a year must not exceed…
Family income in a year must not exceed ₹3,00,000/-.
Residence in Gujarat is required
Residence in Gujarat is required.
The applicant should be a self-help group made…
The applicant should be a self-help group made up of unemployed persons.
Either membership of a registered self-help group (SHG)…
Either membership of a registered self-help group (SHG) is needed, or the person may apply individually with a genuine business intent.
Benefits Provided
Microcredit Finance Scheme- Self Help Groups (DAADC) provides the following benefits to eligible applicants:
Loan Amount
Loan Amount: Loans go up to ₹50,000/- (maximum ₹5,00,000/-)- Interest Rate: Interest is 6% a year- Loan Tenure: The loan runs for 36 months (3 years)- State Government Share: The State Government bears 95% (₹47,500/-)- Beneficiary Share: The beneficiary contributes 5% (₹2,500/-)- Guarantor: No guarantor is needed- Possible Installment amount : The monthly instalment may come to ₹1,445/-.
Documents Required
Applicants should keep the following documents ready before starting the application:
Applicant's Aadhaar Card
Applicant's Aadhaar Card
Copy of the heir's bank details
Copy of the heir's bank details
Proof of the business address
Proof of the business address
Applicant's identity proof
Applicant's identity proof
Photos of passport size
Photos of passport size
School leaving certificate
School leaving certificate
Proof of age
Proof of age
Certificate of birth
Certificate of birth
Certificate of caste
Certificate of caste
Certificate of income
Certificate of income
Ration Card
Ration Card
How to Apply
Online Application
Applicants can apply for Microcredit Finance Scheme- Self Help Groups (DAADC) through the online application process outlined below.
Open the official website of the Dr
Open the official website of the Dr. Ambedkar Antyodaya Vikas Nigam (SC).
Press "Apply Now" in the menu bar at…
Press "Apply Now" in the menu bar at the top.
Press the name of the loan scheme
Press the name of the loan scheme.
Choose the category of loan and type in…
Choose the category of loan and type in the amount required.
Fill in the Application Form with the following
Fill in the Application Form with the following:
Personal Information: name, gender, date of birth, caste, etc.
Address Information: both permanent and correspondence addresses
Income Details: monthly income of the family and where it comes from
Loan Requirement: the amount sought and its planned use (e.g., business, self-employment)
Bank Account Details: the account for loan disbursement
Attach scanned copies of the Caste certificate, Income…
Attach scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Review every detail once more, press "Preview" to…
Review every detail once more, press "Preview" to check, and press "Submit" when all is correct.
The applicant then gets an Application ID/Reference Number;…
The applicant then gets an Application ID/Reference Number; the acknowledgement should be saved or printed for tracking later.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.