AI SummaryMicro Finance Scheme (GNDTDC) helps people from Nomadic and Denotified Tribes in Gujarat become financially independent by giving loans of up to ₹1,25,000 at a low interest rate of 5% to support small-scale business ventures.
Gujarat Nomadic and Denotified Tribes Development Corporation (GNDTDC) keeps this scheme open for eligible applicants throughout the year under the Social Justice and Empowerment Department. Anyone from a Nomadic or Denotified Tribe who wants to start a small business can apply online and get the money at a concessional rate.
Micro Finance Scheme (GNDTDC) - Introduction
The scheme supports individuals who belong to the Nomadic and Denotified Tribes communities. With this financial help, applicants can start their own small-scale business or enterprise without much trouble. GNDTDC manages the scheme under the Social Justice and Empowerment Department of Gujarat.
Applicants can use the loan to buy tools, raw materials, or simply as working capital for their trade. For example, an artisan from a notified tribe who wants to expand his business can use these funds to buy better equipment and grow his income. The scheme also has a related Term Loan Scheme for bigger needs, which gives loans of up to ₹20,00,000.
Key Information
| Scheme Name | Micro Finance Scheme (GNDTDC) |
|---|---|
| Level | State |
| Beneficiary State | Gujarat |
| Category | Banking, Financial Services and Insurance, Business and Entrepreneurship |
| Target Beneficiaries | Individual |
| Benefit Type | Cash |
| Nodal Department | Social Justice and Empowerment Department |
| Implementing Agency | Gujarat Nomadic And Denotified Tribes Development Corporation |
Benefits
Eligible people can get a loan of up to ₹1,25,000 to start or grow their business. The interest rate stays low at just 5% per annum, which keeps the cost of borrowing very small for applicants.
| Funding Component | Contribution Share |
|---|---|
| National Corporation | 90% |
| State Government | 5% |
| Beneficiary Contribution | 5% |
The loan has to be repaid over 48 equal monthly installments, including interest. This spread keeps the monthly burden manageable and easy to plan for.
Eligibility
To qualify for this support, applicants should meet a clear set of conditions set by the corporation:
- Applicant must be a permanent resident of Gujarat.
- Applicant must belong to a Nomadic or Denotified Tribe.
- Total family annual income should not exceed ₹3,00,000.
- Age should be between 21 and 50 years on the date of application.
- Applicant should have proven technical skills or experience in the chosen trade.
- Applicant must provide valid collateral to secure the loan.
The government gives top priority to families with annual incomes under ₹1,50,000 and reserves at least 50% of the total loan funds for them.
Application Process
Applicants can apply fully online through the GNDTDC portal. The process is simple and takes only a few steps once all documents are ready.
STEP 1 - Go to the official GNDTDC website and scroll to the 'Micro Finance' section. Click on 'Apply Now' to open the online application form.
STEP 2 - Fill in the applicant details, including full name, father or husband's name, address, contact number, Aadhaar number, income and occupation. If a past loan was taken, mention its status clearly and give the account details.
STEP 3 - Upload the photograph, signature and all required documents in the given formats. Keep image files under 15 KB and use PDF, JPG, JPEG or PNG for documents.
STEP 4 - Preview the application, enter the CAPTCHA code and submit. Note down the Reference or Application number to track the status using the 'Know App Status' option on the homepage.
Documents
Applicants should keep the following documents ready before starting the online form:
- Valid identity proof
- Caste certificate
- Income certificate
- Age proof document
- Experience certificate in the trade
- Collateral documents
- Recent photograph and signature
References
Official Guidelines on the Social Justice and Empowerment Department website
GNDTDC Online Application Portal
New Akanksha Scheme (Educational Loan) for GNDTDC
FAQ's
What is the primary purpose of this scheme?
This scheme gives loans and support to help eligible people start their own small-scale business or enterprise.
Who can apply for a loan under the scheme?
Applicants who belong to a Nomadic or Denotified Tribe of Gujarat can apply.
What is the minimum age to apply?
Applicants should be at least 21 years old on the date of application.
What is the maximum age limit?
Applicants should not be more than 50 years old at the time of application.
Is prior experience required?
Yes, applicants must have relevant technical skills or experience in the business they want to start.
Is collateral needed?
Yes, suitable collateral has to be provided to secure the loan.
How is the loan funded?
National Corporation gives 90% of the amount, the State Government gives 5%, and the beneficiary contributes the remaining 5%.
What is the interest rate?
The interest rate is 5% per annum.
What is the repayment tenure?
The loan has to be repaid in 48 equal monthly installments, including interest.
What kind of businesses are supported?
The scheme supports most small-scale businesses and independent enterprises.