MICRO FINANCE (Gopalak Nigam)

This microfinance scheme aims to empower small entrepreneurs from the Rabari and Bharwad castes by offering affordable loans with minimal beneficiary contribution. Designed to support income-generating activities, the scheme helps beneficiaries fund small businesses with 95% of the project cost covered by the corporation, while only 5% is required as their own contribution.
The maximum loan offered under the scheme is ₹1.25 lakh, with a subsidized interest rate of 5% per annum. The scheme is intended to improve economic participation and entrepreneurship among socially and educationally backward communities in Gujarat.

• Loan assistance up to ₹1.25 lakh for small businesses- Interest rate fixed at 5% per annum
• 95% loan coverage by the corporation- Only 5% contribution needed from the applicant- Promotes economic independence and small-scale entrepreneurship

1. The applicant must be a **permanent resident of Gujarat.**1. The applicant must be a woman or man belonging to the **Rabari or Bharwad caste.**1. The applicant must belong to a socially and educationally backward class as recognized by the Gujarat government.1. The applicant must be between **21 and 45 years of age.**1. The applicant’s annual family income must **not exceed ₹3.00 lakh.**1. The applicant must be planning to start or expand a small business.

Online

Step 1: Visit the official DAADC online portal.
Step 2: Register/log in using your credentials.
Step 3: Fill out the application form with accurate personal and scheme-specific details.
Step 4: Upload the required documents and submit.

You must submit the following documents:

1. Residence/Domicile Certificate of Gujarat
2. Caste Certificate (Rabari or Bharwad)
3. Income Certificate
4. Proof of Age (Aadhaar card, Voter ID, etc.)
5. Bank passbook or cancelled cheque
6. Own contribution proof (5%)
7. Basic business plan or purpose of loan