Micro Finance Scheme for Self Help Groups (GTKVN)
SHG microloan ₹60,000 · 5% interest · Thakor & Koli women in Gujarat
The Micro Finance Scheme for Self Help Groups (GTKVN) gives small business loans up to ₹60,000 to women's SHGs from Thakor and Koli communities in Gujarat. The government covers 95% of the cost at 5% interest — ideal for collectively starting a small enterprise.
About This Scheme
The Micro Finance Scheme for Self Help Groups (GTKVN) gives small business loans up to ₹60,000 to women's SHGs from Thakor and Koli communities in Gujarat. The government covers 95% of the cost at 5% interest — ideal for collectively starting a small enterprise.
Full official description
The "Micro Finance Scheme for Self Help Groups" is implemented by the Gujarat Thakor and Koli Vikas Nigam (GTKVN) under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to economically empower women from Thakor and Koli castes through self-employment opportunities via Self Help Groups (SHGs). Under this scheme, eligible members of SHGs receive a loan at low interest to start or expand small-scale businesses/enterprises.
Benefits
- Loan amount: Up to ₹60,000 per member
- Interest rate: 5% per annum
- Government covers 95% of cost; your SHG contributes only 5%
- Repayment: 48 equal monthly instalments over 4 years
💡 Why Startups Should Care
If your SHG is ready to scale a small business but lacks capital, this scheme provides ₹60,000 per member at just 5% interest with only a 5% self-contribution needed. At ₹1,383/month over 4 years, the EMI is low enough to service from day-one revenue.
Who Can Apply (Eligibility)
Gujarat resident, member of a registered Self Help Group (SHG), belonging to Thakor or Koli community, with annual family income at poverty-line level.
Exclusions
- Not available to individuals outside Thakor and Koli communities
- Not available if annual family income exceeds ₹3,00,000
- At least 50% of loan allocation reserved for families with income up to ₹1,50,000
- Applicant must be an active SHG member with relevant business experience
How to Apply
- Visit gtkdconline.gujarat.gov.in and click "Apply Now" in the top menu.
- Click on the "Micro Finance Scheme for SHGs" loan scheme.
- Select the loan category and fill in the loan amount.
- Fill in personal information, address, income details, loan requirement, and bank account details.
- Upload caste certificate, income certificate, Aadhaar card, passport-size photo, bank passbook, and address proof.
- Click "Preview" to verify all details, then click "Submit".
- Save your Application ID/Reference Number for tracking.
Frequently Asked Questions
Who can apply under the scheme?
SHG members from Thakor or Koli caste aged 21–50 years.
What percentage of the business cost is financed?
95% is financed; 5% must be contributed by the beneficiary.
What is the repayment period?
The 48 monthly installments.
Can I use the loan for any type of business?
Yes, any skilled or small business.
Is prior business experience required?
Yes, experience in trade or technical skill is required.
Is a guarantor needed?
Yes, loan sanction requires a bail/guarantor.
Are individual applicants apply?
No, only SHG members can apply.
Is there a reservation for lower income groups?
Yes, 50% of loans are for families earning ≤ ₹1,50,000.
Can I apply offline?
No, the application is accepted online only.
Where can I check my application status?
On the GTKDC online portal using your login.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Aadhaar card
- Ration card
- Voter ID
- Passport-size photos
- Business address proof
- Birth certificate
- Caste certificate
- Bank passbook
- Income certificate