New Swarnima Scheme (GBCDC) supports women from socially and educationally backward classes in Gujarat with low-interest loans to start their own businesses. Eligible women can get financial support of up to ₹2,00,000 at just 5% interest per year, which they can repay in easy monthly installments.
Gujarat Backward Classes Development Corporation (GBCDC) runs this scheme for women living below the poverty line who want to earn through self-employment. Application process is fully online, so eligible women can apply from home without running between offices.
New Swarnima Scheme (GBCDC) - Introduction
New Swarnima Scheme (GBCDC) is the Gujarat state version of the New Swarnima loan scheme for women of the National Backward Classes Finance and Development Corporation (NBCFDC). GBCDC works as the state channelising agency under the Social Justice and Empowerment Department and processes loan applications from women of backward classes who want to start a business of their choice.
Main aim of the scheme is to create self-employment opportunities for poor women from backward classes. A beneficiary does not have to bring any money of her own for projects up to ₹2,00,000, because the loan covers most of the project cost.
Key Information
| Detail | Information |
|---|---|
| Scheme Name | New Swarnima Scheme (GBCDC) |
| Level | State (Gujarat) |
| Target Beneficiaries | Women from socially and educationally backward classes |
| Category | Women and Child, Business and Entrepreneurship |
| Benefit Type | Cash Loan |
| Loan Amount | Up to ₹2,00,000 |
| Interest Rate | 5% per annum |
| Nodal Department | Social Justice and Empowerment Department |
| Implementing Agency | Gujarat Backward Classes Development Corporation |
| Official Website | gbcdconline.gujarat.gov.in |
Benefits
Scheme gives complete financial support so that a woman can start her business without facing money problems. Main benefits of applying are given below:
- Loan Amount: Eligible women can get a term loan of up to ₹2,00,000 for their business projects.
- Interest Rate: Loan is given at a low rate of 5% per year, which is much lower than regular bank loans.
- Funding Structure: Loan covers 95% of the unit cost. Out of this, 95% comes from NBCFDC and the remaining 5% from the state government.
- Repayment Terms: Loan has to be repaid in 60 equal monthly installments including the interest, so the monthly burden stays low.
Eligibility
Women who meet the following criteria can apply for the scheme:
- Applicant should belong to a socially and educationally backward class notified by the central or state government.
- Total annual family income should not be more than ₹3,00,000.
- Age of the applicant should be between 21 and 45 years on the date of application.
- Applicant should have prior experience or skills in the business she wants to start. For example, proof of training is needed for a tailoring or beauty parlor business.
Application Process
Online application process is easy and takes only a few minutes once documents are ready. Steps given below explain the whole process:
STEP 1 - Visit the official website of the Gujarat Backward Classes Development Corporation at gbcdconline.gujarat.gov.in.
STEP 2 - Click on the Apply Online button available on the top menu bar of the homepage.
STEP 3 - If you are a new user, click on New Registration and enter your personal details. Complete the OTP verification with your mobile number.
STEP 4 - Log in using the registered credentials.
STEP 5 - Click on New Application and select New Swarnima Scheme from the list of loan schemes.
STEP 6 - Fill in personal, address, income and bank account details accurately in the online form.
STEP 7 - Upload scanned copies of required documents like caste certificate, income certificate and Aadhaar card.
STEP 8 - Review the application and click on Submit.
STEP 9 - Save the Application ID carefully, because it will be needed to track the status of the application.
Documents
Keep the following documents ready before starting the online application:
- Aadhaar Card - For identity and address proof.
- Ration Card - For family details.
- Voter ID - Address proof.
- Passport size photos - Recent photos for the application form.
- Business address proof - Details of the place where the business will run.
- Birth certificate - To confirm date of birth and age.
- Caste certificate - Proof of belonging to a backward class.
- Bank passbook - For account details and loan payment.
References
FAQ's
What is the primary goal of this scheme?
Scheme gives self-employment opportunities to women from backward classes who are living below the poverty line, so they can earn a regular income.
What is the age limit for applicants?
Applicant should be between 21 and 45 years of age on the date of application.
What is the interest rate applied to the loan?
Loan is given at a low rate of 5% per annum.
How is the loan amount financed?
Loan covers 95% of the project cost. NBCFDC gives 95% of this amount and the state government gives the remaining 5%.
How is the loan repaid?
Loan is repaid in 60 equal monthly installments which include the interest.
Is prior experience required to be eligible?
Yes, applicant should have relevant experience or skills in the business she wants to start.
Where can the application form be found?
Application form is available online on the official website gbcdconline.gujarat.gov.in.