Term Loan Scheme (GTKVN)
Term Loan Scheme by GTKVN provides loans up to ₹10 lakh to Thakor and Koli community members in Gujarat to start or expand a small business. Interest is 6% up to ₹5 lakh; rates may vary above that.
About This Scheme
Term Loan Scheme by GTKVN provides loans up to ₹10 lakh to Thakor and Koli community members in Gujarat to start or expand a small business. Interest is 6% up to ₹5 lakh; rates may vary above that.
Full official description
The scheme “Term Loan Scheme” 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 promote self-employment among individuals from the Thakor and Koli communities by providing financial assistance for agriculture and allied activities, small-scale businesses, craftsmanship, traditional occupations, and service-based businesses/trades. Under this scheme, beneficiaries can avail loans at concessional interest rates to purchase equipment, raw materials, or working capital.
Benefits
- Loan amount: Up to ₹10,00,000
- Interest rate: 6% per annum (up to ₹5 lakh portion)
- Government covers 95% of project cost; beneficiary contributes 5%
- Eligible uses: Small businesses, trade, services, and income-generating activities
Who Can Apply (Eligibility)
Gujarat resident, Thakor or Koli community, with annual family income within prescribed limits. Must use loan for an eligible self-employment business.
How to Apply
Step 1: Visit the official website of the Gujarat Thakor and Koli Vikas Nigam. Step 2: On the top menu bar, click on "Apply Now". Step 3: Click on the loan scheme name. Step 4: Select the loan category and fill in the loan amount. Step 5: Fill out the Application Form, enter the following details:
- Personal Information: Name, gender, date of birth, caste, etc.
- Address Information: Permanent and correspondence address
- Income Details: Monthly family income and source
- Loan Requirement: Amount needed, proposed use (e.g., business, self-employment)
- Bank Account Details: For loan disbursement
Step 6: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Step 7: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.
Step 8: Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
Frequently Asked Questions
What is the maximum loan I can get?
Up to ₹10,00,000 based on project cost and eligibility.
What is the rate of interest on the loan?
The interest rate is 6% per annum for loan amounts up to₹5,00,000.
Who is eligible to apply for this loan?
Individuals belonging to the Thakor or Koli caste are eligible to apply.
What can I use the loan for?
Agriculture and allied activities, small industries, traditional crafts, or service businesses.
Is any contribution required from the beneficiary?
Yes, the beneficiary has to contribute 5% of the project/business cost.
What types of activities are covered under this loan scheme?
The scheme covers agriculture and related activities, small-scale industries, artisanal and traditional professions, and service-type businesses or occupations.
What is the age limit for applicants?
The applicant must be at least 21 years old and not older than 50 years as on the date of application.
What is the repayment period for the loan?
The loan must be repaid in 60 equal monthly installments, including interest.
Is collateral required for availing this loan?
Yes, the applicant must provide suitable collateral as security for the loan.
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