[Apply Online] Atmanirbhar Gujarat Sahay Yojana (AGSY) 2026 Form PDF - Rs. 1 Lakh Loan Scheme at 2% Interest

Gujarat government launched Atmanirbhar Gujarat Sahay Yojana (AGSY) to provide a collateral-free loan of up to ₹ 1 lakh at just 2% interest. The scheme was part of the state's ₹ 5000 crore package for small businessmen, skilled workers, autorickshaw owners, electricians and others whose economic activities were disrupted during the COVID-19 lockdown.

Scheme has been closed or it was a one time scheme which has been closed by the government.

Under AGSY, the Gujarat government paid 6% interest to banks on top of the 2% paid by the borrower, so the total interest on the loan worked out to 8% per annum. The loan tenure was 3 years and repayment of principal and interest started 6 months after the loan was sanctioned.

Atmanirbhar Gujarat Sahay Yojana (AGSY) Apply Online

Application forms for Atmanirbhar Gujarat Sahay Yojana were made available free from all branches of urban and district cooperative banks and credit societies across Gujarat. The application window was open from 21 May 2022 to 30 September 2022.

Application Start Date: 21 May 2022
Application Last Date: 30 September 2022

Download Aatmanirbhar Gujarat Sahay Yojana Application Form PDF

Application Form 1 for GSC Bank: GSC Bank Aatmanirbhar Gujarat Sahay Yojana Application Form PDF

Application Form 2 for Co-Operative Banks / Credit Societies: Aatmanirbhar Gujarat Sahay Yojana Application Form PDF 2

Aatmanirbhar Gujarat Sahay Yojana Detailed Information PDF

Download the complete detailed document of Aatmanirbhar Gujarat Sahay Yojana in Gujarati. The document includes Scheme Information and Scheme FAQ's.

Where and How to Apply for Atmanirbhar Gujarat Sahay Yojana

The application forms for Atmanirbhar Gujarat Sahay Yojana were available at more than 9000 places including about 1000 District Co-operative bank branches, 1400 urban co-operative bank branches and more than 7000 credit societies. Loans were given by the state cooperative bank, 18 district cooperative banks, 217 urban cooperative banks and credit societies.

The duly filled application form could be submitted at any of the branches of the District Co-operative banks, urban co-operative banks and credit societies in Gujarat along with the required documents.

Highlights of Aatma Nirbhar Gujarat Sahay Yojana

Here are the important features and quick highlights of the scheme:

List of District Co-Operative Banks in Gujarat

Here is the complete list of 18 District Co-Operative banks in Gujarat with address and contact details where applicants could apply for Atmanirbhar Gujarat Sahay Yojana loan scheme.

How to Apply Online for Aatmanirbhar Gujarat Sahay Yojana

The state government of Gujarat did not release any instructions for Aatmanirbhar Gujarat Sahay Yojana online applications. Applications were not invited through the online mode or any web portal. People had to register for this scheme by filling the Atmanirbhar Gujarat Sahay Yojana application form available at the bank branches.

This AGSY scheme was made to benefit small businessmen and a cross section of people falling under the lower middle income group. As per the Aatmanirbhar Gujarat Sahay Yojna, loan tenure was 3 years and payment of installments began after 6 months of loan disbursal. Earlier on 13 May 2020, the central government launched Aatm Nirbhar Bharat Abhiyan (self reliant India campaign).

Who are Beneficiaries of Aatm Nirbhar Gujarat Sahay Yojana

The state government launched Atmanirbhar Gujarat Scheme for the following group of people:

• Small businessmen - shop owners and small traders whose business was affected during the lockdown.
• Skilled workers - workers with technical skills who lost work due to the lockdown.
• Autorickshaw owners - drivers whose income stopped when public transport was shut.
• Electricians - service workers who could not do their jobs during the lockdown.
• Barbers - salon workers whose shops remained closed for a long time.
• Other people with lower income - anyone from the lower middle income group who needed support to restart work.

Various other states like Delhi declared assistance of ₹ 5,000 or so to such people. The state government of Gujarat felt that such a small amount would not bring their life back to normal.

Collateral Free Loans

Approximately 10 lakh such beneficiaries were to be given loan of ₹ 1 lakh each from banks at just 2% annual interest to start their lives afresh under Atmanirbhar Gujarat Sahay Yojana. All the loans were provided on the basis of application and no guarantee was required. Gujarat government paid the remaining 6% interest on loan to banks.

The tenure of such loans was 3 years and re-payment of principal and interest started after six months of sanction of loan amount. The state government came up with this scheme after discussion with district, scheduled and cooperative banks.

FAQ's

What is Aatmanirbhar Gujarat Sahay Yojana

Aatmanirbhar Gujarat Sahay Yojana is a scheme for people belonging to LIG / MIG categories under which the state government provided collateral free loans at lower interest rates.

What is the loan interest rate

Loan was provided at a minimal interest rate of just 2% per annum.

What is the maximum loan tenure under Aatmanirbhar Gujarat Sahay Yojana

Loan under the Aatmanirbhar Gujarat Sahay Yojana could be availed for a tenure of up to 3 years.

Who is eligible for Aatmanirbhar Gujarat Sahay Yojana

Any Gujarat citizen who wished to start their own business subject to minimum eligibility criteria set by the banks could avail the loan under this scheme.

How to Apply Online for Aatmanirbhar Gujarat Sahay Yojana

No online applications were invited for the scheme. Applicants could download the application form in PDF format and visit the co-operative banks branches and credit societies to apply offline for Aatmanirbhar Gujarat Sahay Yojana.

What is the repayment condition

The repayment of the loan amount could be started 6 months after the disbursement.

What is the last date of Aatmanirbhar Gujarat Sahay Yojana application

30 September 2022 was the last date of application for Aatmanirbhar Gujarat Sahay Yojana.

For more details please visit the official website of Gujarat Govt. or website of Apex bank of Gujarat State Co-Operative Bank Ltd. at Gujarat State Co-Operative Bank Ltd.

Gujarat Atmanirbhar (Self-Reliant) Package Details

Gujarat Chief Minister Vijay Rupani announced Gujarat Atmanirbhar (Self-Reliant) package of ₹ 14,000 crore. This package was made to revive the economy which was affected badly due to COVID-19 (Coronavirus) lockdown. The Gujarat Atmanirbhar package included tax rebates to consumers in property tax / electricity bills / vehicle tax and loan subsidy for business and shop owners.

The Gujarat state is one of the most industrialized one in the country but had reported more than 18,500 COVID-19 cases till then. CM Vijay Rupani provided relief to various sections of the society on the recommendations of committee headed by former finance secretary Hasmukh Adhia. The state government of Gujarat decided to give relief to people in payment of property tax, electricity bills and vehicle tax.

Features of Gujarat Atmanirbhar (Self-Reliant) Package

The important features and highlights of the Gujarat Atmanirbhar Package are as follows:

Rebate in Property Tax / Electricity Bills / Vehicle Tax

• Commercial establishments, businesses, offices, hotels, restaurants, shops, hospitals got a rebate of 20% in their annual property tax bills.
• All the residential property owners got 10% rebate as per the details of Gujarat Atmanirbhar Package. This rebate in property tax bills provided direct benefit to people to the tune of ₹ 744 crore.
• Electricity consumers who used less than 200 units per month got rebate on first 100 units of consumption. This cost ₹ 200 crore to the state exchequer and the state government gave the amount to power companies.
• Moreover, various rebates were announced for commercial and industrial consumers of electricity.
• Private buses, jeeps, taxis were given relief of payment of road tax and tax for six months due to the lockdown.

The total relief for property tax, electricity bills and vehicle tax came to the tune of ₹ 2,300 crore according to the Gujarat Atmanirbhar (Self Reliant) Package.

Loan Interest Subsidy for Business and Shop Owners

The state government of Gujarat announced loan interest subsidy of 4% for loans of upto ₹ 2.5 lakh for business and shop owners. Out of the total 8% interest rate, 4% interest had to be paid by the borrower while the remaining 4% interest was paid by the Gujarat government. The state government allocated ₹ 525 crore for loan interest subsidy.

Revival of Industries / Housing Sector

Gujarat government announced subsidy for various industries worth ₹ 3,038 crore while ₹ 458-crore relief was given to GIDC (Gujarat Industrial Development Corp) for promotion of industries. To revive the housing sector in Gujarat, the state government announced ₹ 1,000 crore.

Labour Welfare

The state government of Gujarat earmarked ₹ 466 crore for labour welfare. It included benefits of ₹ 35,000 to each tribal labourer who works in different parts of Gujarat and wants to build house in their hometown.

Direct Transfer of ₹ 1,000 to Poor

The other benefits of Gujarat Atmanirbhar Package were of ₹ 5,044 crore. It included free ration to poor families during the period of lockdown and direct transfer of ₹ 1,000 in their accounts.

The state government also decided to allocate ₹ 100 crore to the health department and another ₹ 100 crore to four municipal corporations namely Ahmedabad, Surat, Vadodara and Rajkot. Gujarat government provided this amount from the Chief Ministers Relief Fund to fight the novel coronavirus.