Bankable Scheme
Loan ₹2 lakh + 50% subsidy up to ₹50,000 · SC self-employment · Gujarat GSCDC
Bankable Scheme provides loans up to ₹2 lakh to Scheduled Caste individuals in Gujarat to start a business, industry, or service activity. A portion of the loan is subsidised by the state government, making repayment lighter.
About This Scheme
Bankable Scheme provides loans up to ₹2 lakh to Scheduled Caste individuals in Gujarat to start a business, industry, or service activity. A portion of the loan is subsidised by the state government, making repayment lighter.
Full official description
The "Bankable Scheme" is implemented by the Gujarat Scheduled Caste Development Corporation (GSCDC) under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to provide financial assistance to scheduled caste persons for self-employment opportunities. Under this scheme, loans are provided for business, industry, or service activities, along with a subsidy of 50% of the loan amount or a maximum of ₹50,000/-. For setting up or expanding self-employment ventures in areas like animal husbandry, tailoring, groceries, beauty parlors, carpentry, RCC centering, footwear, bamboo work, embroidery, and other small-scale trades.
Benefits
- Loan amount: Up to ₹2,00,000 (₹1 lakh for business + ₹1 lakh for industry/service)
- Subsidy component: Partial subsidy from the state government reduces repayment burden
- Eligible uses: Business, small industries, and service sector activities
💡 Why Startups Should Care
The Bankable Scheme is rare in that it combines a loan with a direct subsidy — up to ₹50,000 back in your pocket regardless of repayment. For an SC entrepreneur starting a small business or industry unit, this effectively reduces your net loan burden by 25–50%.
Who Can Apply (Eligibility)
Scheduled Caste, permanent Gujarat resident, aged 18–50, with annual family income below ₹1.5 lakh. Must not be a defaulter on any prior government loan.
How to Apply
- Visit gscdconline.gujarat.gov.in and click "New User (Register)".
- Fill in your email, mobile number, and password, then submit.
- After successful registration, receive your User ID and password via SMS/email.
- Log in with your User ID, password, and captcha.
- Select the Bankable Scheme from the schemes listed for your caste.
- Fill in the application form and upload all required documents.
- Click "Save Application" — note your Application Number for tracking.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Aadhaar card
- Caste certificate
- Income certificate
- Bank passbook or cancelled cheque
- Ration card
- Election card
- Passport-size photos
- School leaving certificate
- Notarized Bahedhari Patrak
- Quotation for proposed business