Scheme for Small Business Owners of Scheduled Castes to Buy a Place of Business/Shop
This Gujarat scheme helps SC entrepreneurs buy a commercial property or shop in an urban area to run their business. You can get a loan of up to ₹10 lakh, with a government subsidy reducing what you need to repay.
About This Scheme
This Gujarat scheme helps SC entrepreneurs buy a commercial property or shop in an urban area to run their business. You can get a loan of up to ₹10 lakh, with a government subsidy reducing what you need to repay.
Full official description
The scheme "Scheme for Small Business Owners of Scheduled Castes to Buy a Place of Business/Shop" was launched by the Director of Scheduled Caste Welfare, Department of Social Justice & Empowerment, Government of Gujarat, in the year 199
- Under the scheme, financial assistance in the form of loans and subsidies is provided by banks to individuals belonging to the Scheduled Castes category. This assistance is aimed at enabling them to purchase business premises or shops in urban areas for business development.
Benefits
- Loan amount: Up to ₹10,00,000 for buying a business premises or shop
- Subsidy: Government subsidy reduces repayment amount
- Area: Urban locations only
- No income limit: Anyone from SC category can apply
Who Can Apply (Eligibility)
Native of Gujarat, Scheduled Caste category, looking to purchase a business premises or shop in an urban area. No income ceiling.
How to Apply
Step 01: The eligible applicant may visit the e-Samaj Kalyan Portal: https://esamajkalyan.gujarat.gov.in/ Step 02: On the home page, under the tab ‘Citizen Login’, click on New User ‘Please Register Here’. Step 03: Enter your Full Name as per Aadhaar Card, Gender, Date of Birth, Aadhaar Card Number, Email ID, Caste etc. and then click on ‘Register’. Step 04: After successful registration, the applicants can login through their User ID and Password. Step 05: Now, click on ‘User Profile’ to update your profile. Step 06: Fill in all the mandatory information and then click on ‘Update’. Step 07: After updating the profile successfully, select the scheme appearing on the home page; an application form will open. Step 08: Fill in all the mandatory details in the application form and upload all the relevant documents. Step 09: Now agree with the terms & conditions and click on ‘Save Application’. Step 10: Submit the application form and take out the print of the application for future reference. The applicant can note down the application number to track the application status by logging into the portal using their User ID and Password. User Manual
Frequently Asked Questions
Who launched this scheme and when?
The scheme was launched by the Department of Social Justice & Empowerment, Government of Gujarat, in 1991.
What is the maximum loan amount available under this scheme?
Beneficiaries belonging to the Scheduled Caste category can access a maximum loan of [?]10 lakhs to purchase a business premises/shop in urban areas.
How is the interest on the loan managed?
The beneficiary bears interest up to 4%, while any bank interest payable above 4% is covered by the government as an interest subsidy for three years.
Apart from the loan, what other subsidy assistance is provided?
A subsidy assistance of [?]15,000/- is also given under this scheme.
What are the eligibility criteria for applicants?
Applicants must be natives of Gujarat and belong to the Scheduled Caste category. There is no income limit.
Are there any restrictions on the purpose of the loan?
The loan assistance is provided only for the purpose of establishing a shop or business at one place.
When is the subsidy paid to the beneficiary?
The subsidy will be paid three months after the opening of the shop.
Who gets priority in availing the benefits of this scheme?
Priority is given to educated unemployed individuals, unemployed mill workers, persons with technical and professional experience, and self-employed persons with qualifications.
Can loans/assistance be provided for shops/business premises allotted on long term rent?
Yes, loans/assistance can be provided for such premises, but they must be mortgaged to the government until the loan amount is repaid.
Can loan installments and interest be repaid earlier than the due date?
Yes, applicants are free to repay loan installments and interest earlier than the due date.
What happens in case of defaulting on loan and interest payments?
Defaulters will be charged 2.5% more as penal interest, and the outstanding loan amount can be recovered as land revenue arrears.
Where can eligible applicants apply for this scheme?
Eligible applicants may apply through the e-Samaj Kalyan Portal: https://esamajkalyan.gujarat.gov.in/
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Passport-size Photograph
- Caste Certificate issued by the competent authority
- Aadhaar Card of the applicant
- Proof of Residence (Any one of Electricity Bill/Licence/Lease Agreement/Electoral Card/Ration Card)
- Birth certificate/school leaving certificate
- First-page copy of bank passbook/cancelled cheque (in the name of the applicant)
- Agreement or Bank Guarantee (notarized affidavit)
- Any other documents as required
- [Application Attachments](https://esamajkalyan.gujarat.gov.in/ApplicationDocuments/SC/LFSApplicationDocument.pdf)