MICRO FINANCE (Gopalak Nigam)
This microfinance scheme from Gujarat's Social Justice and Empowerment Department helps entrepreneurs from the Rabari and Bharwad pastoral communities start small businesses with minimal personal investment. The government covers 95% of the project cost as a loan at a subsidized 5% annual interest rate, with the applicant contributing only 5%. Apply online through the DAADC portal at daadconline.gujarat.gov.in.
About This Scheme
This microfinance scheme from Gujarat's Social Justice and Empowerment Department helps entrepreneurs from the Rabari and Bharwad pastoral communities start small businesses with minimal personal investment. The government covers 95% of the project cost as a loan at a subsidized 5% annual interest rate, with the applicant contributing only 5%. Apply online through the DAADC portal at daadconline.gujarat.gov.in.
Full official description
This microfinance scheme aims to empower small entrepreneurs from the Rabari and Bharwad castes by offering affordable loans with minimal beneficiary contribution. Designed to support income-generating activities, the scheme helps beneficiaries fund small businesses with 95% of the project cost covered by the corporation, while only 5% is required as their own contribution. The maximum loan offered under the scheme is ₹1.25 lakh, with a subsidized interest rate of 5% per annum. The scheme is intended to improve economic participation and entrepreneurship among socially and educationally backward communities in Gujarat.
Benefits
- Loan of up to Rs.1,25,000 (Rs.1.25 lakh) for starting or growing a small business
- Subsidized interest rate: 5% per annum (well below commercial lending rates)
- Government covers 95% of the project cost — applicant contributes only 5%
- Promotes economic independence among pastoral communities
Who Can Apply (Eligibility)
- Must be a permanent resident of Gujarat
- Must belong to the Rabari or Bharwad caste (recognized as Socially and Educationally Backward)
- Age: between 21 and 45 years
- Annual family income must not exceed Rs.3,00,000 (Rs.3 lakh)
- Must be planning to start or expand a small business
How to Apply
Step 1: Visit the official DAADC online portal. Step 2: Register/log in using your credentials. Step 3: Fill out the application form with accurate personal and scheme-specific details. Step 4: Upload the required documents and submit.
Frequently Asked Questions
What is the Microfinance Loan Scheme for Rabari & Bharwad communities?
It is a scheme to provide affordable loans to small entrepreneurs from Rabari and Bharwad castes to promote self-employment.
What is the maximum loan amount under this scheme?
The maximum loan amount is ₹1.25 lakh.
What is the interest rate on the loan?
The interest rate is subsidized at 5% per annum.
How much contribution is required from the applicant?
The applicant must contribute 5% of the total loan amount.
Who can apply for this scheme?
Any individual from the Rabari or Bharwad caste (aged 21–45 years) with annual family income up to ₹3 lakh and resident of Gujarat.
Can both men and women apply?
Yes, eligible men and women from the Rabari/Bharwad caste can apply.
Is any collateral security required for the loan?
No collateral security has been mentioned under the scheme.
What can the loan be used for?
The loan can be used for starting or expanding a small-scale business or income-generating activity.
How is the loan amount disbursed?
After document verification and approval, the amount is credited to the applicant’s bank account.
Where can I apply for this scheme?
To apply Visit the official DAADC online portal.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Residence/Domicile Certificate of Gujarat
- Caste Certificate (Rabari or Bharwad)
- Income Certificate
- Proof of Age (Aadhaar card, Voter ID, etc.)
- Bank passbook or cancelled cheque
- Own contribution proof (5%)
- Basic business plan or purpose of loan