AI SummaryMicrocredit Finance Scheme- Self Help Groups (DAADC) helps Scheduled Caste (SC) individuals and Antyodaya Self-Help Groups in Gujarat start small businesses with easy microloans. Each member can borrow up to ₹50,000, and a group can get up to ₹5,00,000, with the government covering 95% of the loan amount at a low interest rate.
Dr. Ambedkar Antyodaya Development Corporation (DAADC) runs this scheme under the Social Justice and Empowerment Department of the Government of Gujarat. The scheme is open for applications in 2026, and the last date to apply online is 14 August 2026. Eligible people from SC communities can use this support to become self-employed and build a stable income.
Microcredit Finance Scheme- Self Help Groups (DAADC) - Introduction
Microcredit Finance Scheme- Self Help Groups (DAADC) encourages self-employment among Scheduled Caste individuals and Antyodaya Self-Help Groups. Operated by DAADC under the social justice and empowerment department of the Government of Gujarat, this scheme gives financial support to start a small-scale business. By providing these microloans, the scheme helps unemployed people from SC communities move into self-employment and gain financial independence.
The scheme is a state-level cash benefit for individuals who are members of registered self-help groups. It is not a DBT scheme, and no guarantor is needed to take the loan. The official online application system is live, and interested applicants should apply before the deadline.
Key Information
| Detail | Information |
|---|---|
| Scheme Name | Microcredit Finance Scheme- Self Help Groups (DAADC) |
| Level | State |
| Scheme for | Individual |
| Beneficiary State | Gujarat |
| Category | Business and Entrepreneurship, Banking, Financial Services and Insurance |
| Target Beneficiaries | Self Help Groups (SHGs) |
| Benefit Type | Cash |
| DBT Scheme | No |
| Nodal Department | Social Justice and Empowerment Department |
| Last Date to Apply | 14 August 2026 |
Benefits
This scheme provides financial support to help eligible people start their own business. The loan is shared between the state government and the beneficiary, keeping the borrower's share small. Here is a breakdown of the typical assistance provided:
| Parameter | Details |
|---|---|
| Loan Amount | Up to ₹50,000 per member (maximum ₹5,00,000 per SHG) |
| Interest Rate | 6% annually |
| Loan Tenure | 36 months (3 years) |
| State Government Portion | 95% (₹47,500) |
| Beneficiary Portion | 5% (₹2,500) |
| Guarantor Required | No |
| Estimated Monthly Installment | ₹1,445 |
Eligibility
To apply for this support, an applicant should meet the following eligibility criteria:
- Applicant must belong to a Scheduled Caste (SC) community and be part of an Antyodaya (AAY) family.
- Annual family income should not exceed ₹3,00,000, and the applicant must be a permanent resident of Gujarat.
- Applicant should be a member of a registered self-help group (SHG) or apply individually with a clear business plan. For example, if Ramesh, a resident of Gujarat from an SC category, wants to start a small tailoring shop with his registered SHG, he qualifies for this scheme.
Application Process
Applications are accepted online through the official portal. Follow these steps to apply before the last date of 14 August 2026:
STEP 1 - Visit the official website of the Dr. Ambedkar Antyodaya Vikas Nigam and open the online loan application system.
STEP 2 - Look at the top menu bar and click on the 'Apply Now' button.
STEP 3 - Select this specific loan scheme from the list of available schemes.
STEP 4 - Choose the relevant loan category and specify the required loan amount.
STEP 5 - Fill out the application form carefully by providing personal, address, income, bank, and business project details.
STEP 6 - Upload clear scanned copies of the required documents, including the caste certificate, income proof, and Aadhaar card.
STEP 7 - Review the application using the preview button and click 'Submit' once everything is correct.
STEP 8 - Note down the application ID or reference number shown on the screen to track the status later.
Documents
Keep the following documents ready before starting the online application:
- Aadhaar Card
- Bank account passbook (first page)
- Business address proof
- Identity proof
- Passport size photographs
- School leaving certificate
- Age proof
- Birth certificate
- Caste certificate
- Income certificate
- Ration card
References
For more detailed information, refer to the official resources below:
- Official Guidelines
- Scheme Details Portal
- Social Justice Department Website
- DAADC Online Application Portal
FAQ's
What is the maximum loan amount I can get?
You can receive up to ₹50,000 per member, and in specific cases this may extend up to ₹5,00,000 for the whole self-help group.
Do I need a guarantor to apply?
No, you do not need a guarantor for this scheme.
What is the interest rate on the loan?
A fixed interest rate of 6% per annum applies to the loan.
What documents are required to apply?
You will need your Aadhaar card, caste certificate, bank details, income certificate, and other standard identity proofs to complete your application.
How do I apply for this scheme?
You should apply online through the official portal at https://daadconline.gujarat.gov.in before the last date of 14 August 2026.
Do I need to pay any fees to apply?
No, the application process for this scheme is completely free.
Can I use the loan for personal purposes?
No, this financial aid must be used strictly for setting up or expanding a business.
Can residents of other states apply?
No, this scheme is exclusively for permanent residents of Gujarat.