AI SummaryMicro Finance Scheme for Self Help Groups (GTKVN) is a state-level loan scheme for women from Thakor and Koli communities in Gujarat. It gives low interest loans of up to ₹60,000 to Self Help Group members so they can start or grow small businesses and earn their own income.
Gujarat government keeps the online application open on the official GTKVN portal for eligible SHG members, and the whole process can be completed from home. The scheme is handled by Gujarat Thakor and Koli Vikas Nigam under the Social Justice and Empowerment Department.
Micro Finance Scheme for Self Help Groups (GTKVN) - Introduction
Micro Finance Scheme for Self Help Groups (GTKVN) helps women from Thakor and Koli communities get the money they need for self-employment. Gujarat Thakor and Koli Vikas Nigam runs the scheme, and its main aim is to raise the economic status of women who are part of Self Help Groups (SHGs).
The scheme comes under the Social Justice and Empowerment Department, Government of Gujarat. A woman can use the loan to start a small household business or to expand an existing trade, and the interest rate stays low so that repayment does not become a burden.
Women who want a bigger loan from the same corporation can also check the Mahila Samriddhi Yojana (GTKVN) and the Term Loan Scheme (GTKVN) for other options.
Key Information
| Key Parameter | Details |
|---|---|
| Scheme Name | Micro Finance Scheme for Self Help Groups (GTKVN) |
| Level | State |
| Target Group | Individual women in SHGs |
| State | Gujarat |
| Benefit Type | Cash Loan |
| Interest Rate | 5% per annum |
| Main Department | Social Justice and Empowerment Department |
| Implementing Agency | Gujarat Thakor and Koli Vikas Nigam |
Benefits
The scheme gives a loan of up to ₹60,000 for business needs. It covers 95% of the total project cost, and the applicant has to put in only 5% as her own share.
Interest rate is a low 5% per annum. Repayment is easy on the pocket, with 48 equal monthly installments spread over four years.
Eligibility
Women who meet the following conditions can apply for this loan:
- Permanent resident of Gujarat.
- Active member of a registered Self Help Group (SHG).
- Belongs to Thakor or Koli community.
- Age between 21 and 50 years.
- Family annual income not more than ₹3,00,000.
- Has prior experience or technical skill in the proposed trade.
- Can provide suitable collateral for the loan.
Important: 50% of the total loan allocation is reserved for families with annual income of ₹1,50,000 or less, so that lower income families get a fair share.
Application Process
The application is online and can be done from home. Follow these steps:
STEP 1 - Visit the official GTKVN online portal.
STEP 2 - Click on "Apply Now" in the top menu of the portal.
STEP 3 - Select the loan scheme name from the list shown on the screen.
STEP 4 - Choose the loan category and enter the required loan amount.
STEP 5 - Fill in personal, address, income and bank details in the application form.
STEP 6 - Upload the required documents such as caste certificate, income proof, Aadhaar card, photo, bank passbook and residence proof.
STEP 7 - Preview the details, check everything once, and click "Submit".
STEP 8 - Save the Application ID / Reference Number to track the application status later.
Documents Required
Keep these documents ready before starting the application:
- Aadhaar Card
- Ration Card
- Voter ID
- Passport size photographs
- Business address proof
- Birth certificate
- Caste certificate
- Bank passbook (first page)
- Income certificate
References
Official details and guidelines are available at these links:
FAQ's
Who is eligible to apply?
Women living in Gujarat who are active members of an SHG, belong to the Thakor or Koli community, and are aged between 21 and 50 years can apply.
How much of the project cost does the scheme cover?
The scheme covers 95% of the project cost. The applicant has to contribute the remaining 5%.
What is the loan repayment period?
The loan can be repaid in 48 equal monthly installments over four years.
Can the loan be used for any type of business?
Yes, the loan can be used for any small-scale business or trade in which the applicant has prior experience or skill.
Is a guarantor required?
Yes, a suitable guarantor has to be provided for the loan to be sanctioned.
Can an individual apply for this loan?
No, only members of a recognized Self Help Group can apply under this scheme.
Is there any reservation for lower income families?
Yes, 50% of the loan pool is reserved for families with annual income of ₹1,50,000 or below.
How can I check my application status?
Log in to the official GTKDC online portal using your credentials to view the application status.