Micro Finance Scheme (GNDTDC)
Microloan ₹1.25 lakh · 5% interest · Gujarat nomadic & denotified tribe members
Micro Finance Scheme by GNDTDC provides loans up to ₹1.25 lakh at 5% interest to Nomadic and Denotified Tribe members in Gujarat to start small self-employment businesses. 90% funded by the National Corporation, 5% by the State.
About This Scheme
Micro Finance Scheme by GNDTDC provides loans up to ₹1.25 lakh at 5% interest to Nomadic and Denotified Tribe members in Gujarat to start small self-employment businesses. 90% funded by the National Corporation, 5% by the State.
Full official description
The scheme "Micro Finance Scheme" is implemented by the Gujarat Nomadic and Denotified Tribes Development Corporation (GNDTDC) under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to promote self-employment among individuals from the Nomadic and Denotified Tribes communities by providing financial assistance to start a small-scale business/enterprise. Under this scheme, beneficiaries can avail loans at concessional interest rates to purchase equipment, raw materials, or working capital.
Benefits
- Loan amount: Up to ₹1,25,000
- Interest rate: 5% per annum
- Funding split: 90% National Corporation, 5% State Government, 5% beneficiary
- Purpose: Starting or expanding small self-employment activities
💡 Why Startups Should Care
For small trade or craft-based businesses, ₹1.25 lakh at 5% with only a 5% personal contribution (₹6,250) is an accessible entry point. The 48-month repayment period and 90%/5%/5% funding split from national/state/beneficiary mean your monthly obligation is light while you grow the business.
Who Can Apply (Eligibility)
Gujarat resident from a Nomadic Tribe (NT) or Denotified Tribe (DNT), with annual family income below the prescribed limit.
How to Apply
- Visit gndcdconline.gujarat.gov.in — the official GNDTDC portal.
- Register with your personal details and log in.
- Select the Micro Finance Scheme.
- Fill in the application with personal, address, income, and loan details.
- Upload identity proof, caste certificate, income certificate, experience certificate, collateral documents, and photograph.
- Submit the application and save your Reference Number for tracking.
Frequently Asked Questions
What is the primary purpose of this scheme?
The scheme provides loans and assistance to individuals for starting small-scale businesses or enterprises.
Who is eligible to apply for a loan under the scheme?
The applicant must be from a Nomadic or Denotified Tribe to be eligible for this scheme.
What is the minimum age required to apply for the scheme?
The applicant's age should be at least 21 years as of the date of application.
What is the maximum age limit for applicants of the scheme?
The applicant's age should not be more than 50 years as on the date of application.
Do I need to have prior experience in a specific field to apply for this loan?
Yes, applicant must have prior experience in the proposed trade or business.
Is collateral required to obtain a loan under the scheme?
Yes, the applicant will have to provide suitable collateral to get the loan.
How is the loan amount contributed by different entities?
90% of the loan is contributed by the National Corporation, and 5% is contributed by the State Government.
What is the annual interest rate for the loan?
The interest rate will be 5% per annum.
How will the loan amount be repaid?
The loan amount will have to be repaid in 48 equal monthly instalments, including interest.
What kind of businesses or enterprises are supported by this loan?
Loans are provided to start a small-scale business or enterprise.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Identity proof
- Caste certificate
- Income certificate
- Age proof
- Experience certificate
- Collateral documents
- Passport-size photograph
- Any other documents as required