Microcredit Finance Scheme- Self Help Groups (DAADC)

Loan Amount: Up to ₹50,000/- (maximum ₹5,00,000/-)

Interest Rate: 6% annually

Loan Tenure: 36 months (3 years)

State Government Share: 95% (₹47,500/-)

Beneficiary Share: 5% (₹2,500/-)

Guarantor: Not required

Possible Installment amount : ₹1,445/- per month.

The applicant must belong to a Scheduled Caste (SC) community.

The applicant must be part of an Antyodaya (AAY) family.

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

The applicant must be a resident of Gujarat.

The applicant should be a self-help group of unemployed persons.

The applicant must be a member of a registered self-help group (SHG) or apply individually with valid business intent.

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 Details Copy of Hier

Business Address Proof

Identity proof of Applicant

Passport Size Photos

School Leaving

Age Proof

Birth Certificate

Caste Certificate

Income Certificate

Ration Card