DAADC Gujarat Small Business Loan for SC ST Communities

Overview

The Loan for Small Businesses scheme is administered by the Dalit and Adivasi Development Corporation (DAADC) in Gujarat. It offers financial assistance to SC and ST individuals who want to start or expand small businesses, giving them access to capital they would otherwise struggle to obtain.

The scheme covers a wide range of small business activities suitable for grassroots entrepreneurs.

Objective

The scheme’s goal is to enable SC and ST communities in Gujarat to participate actively in the economy through small business ownership. It aims to break cycles of poverty and create sustainable livelihoods for marginalized groups.

Benefits

• Loan for starting or expanding a small business
• Subsidized interest rates making repayment affordable
• Subsidy component to reduce principal burden
• Repayment schedule flexible and suited to small business income patterns

Eligibility

• Resident of Gujarat from SC or ST community
• Age between 18 and 50 years
• Annual family income within DAADC’s prescribed ceiling
• Proposed business activity must be viable and included in the approved list
• No prior default on DAADC or any other government scheme

Exclusions

• Non-SC/ST individuals
• Family income above the prescribed limit
• Businesses operating outside Gujarat
• Applicants with outstanding government loan defaults

Application Process

1. Visit the DAADC office in your district in Gujarat
2. Request the Small Business Loan application form
3. Complete the form with proposed business details
4. Attach supporting documents and submit
5. The application is reviewed by a DAADC officer
6. Field inquiry is done and loan is sanctioned upon approval
7. Loan amount is disbursed to the applicant’s bank account

Documents Required

• SC or ST caste certificate
• Income certificate from a revenue officer
• Proof of domicile in Gujarat
• Bank account passbook
• Description or plan of the proposed business
• Aadhaar card
• Passport-size photographs