Loan for Small Businesses (DAADC)

Loan Amount:

Up to ₹1,25,000/-

Interest Rate:

4% per annum

Loan Tenure:

60 months (5 years)

Guarantors Required:

Two guarantors

State Government Contribution:

100% (no beneficiary share required)

Approximate Installment Amount:

₹2,302/- per month (maximum)

The applicant should be a resident of Gujarat.

The applicant should belong to the Scheduled Caste (SC) category.

The applicant should belong to an Antyodaya Anna Yojana (AAY) family.

The applicant’s annual family income should not exceed ₹3,00,000/-.

The applicant should intend to start or expand a small business or occupation.

The applicant should be able to provide two guarantors.

Online

Step 1: Visit the official website of the Dr. Ambedkar Antyodaya Vikas Nigam (SC).

Step 2: On the top menu bar, click on "Apply Now".

Step 3: Click on the loan scheme name.

Step 4: Select the loan category and fill in the loan amount.

Step 5: Fill out the Application Form, enter the following details:

Personal Information: Name, gender, date of birth, caste, etc.

Address Information: Permanent and correspondence address

Income Details: Monthly family income and source

Loan Requirement: Amount needed, proposed use (e.g., business, self-employment)

Bank Account Details: For loan disbursement

Step 6: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.

Step 7: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.

Step 8: Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.

Aadhaar Card

Bank Account Details

Income Certificate

School Leaving

Copy of Electricity Bill

Age Proof

Caste Certificate

Ration Card

Copy of Election Card