GSKVN Gujarat Term Loan Scheme for SC ST Economic Development

Overview

The Term Loan Scheme is offered by the Gujarat Scheduled Castes and Scheduled Tribes Development Corporation (GSKVN). It provides long-term financial assistance to individuals from SC and ST communities for setting up or expanding income-generating activities.

The scheme is a cornerstone of Gujarat’s effort to achieve economic equity for its most marginalized communities.

Objective

The scheme enables SC and ST individuals to access affordable credit for livelihood activities. It aims to reduce economic vulnerability, promote entrepreneurship, and build sustainable income for the most disadvantaged communities in Gujarat.

Benefits

• Term loan for income-generating or business activities
• Concessional interest rates
• Subsidy component available for certain activity categories
• Flexible repayment period of up to 5-7 years depending on the scheme

Eligibility

• Resident of Gujarat from a Scheduled Caste or Scheduled Tribe community
• Age between 18 and 55 years
• Annual family income within the GSKVN-prescribed ceiling
• The proposed activity must be viable and recognized under the scheme
• Applicant must not have a prior loan default with GSKVN or similar body

Exclusions

• Non-SC/ST applicants
• Family income exceeding the prescribed ceiling
• Activities outside the approved list
• Individuals with pending dues on government loans

Application Process

1. Visit the nearest GSKVN district office
2. Obtain and fill out the Term Loan Scheme application form
3. Provide details of the proposed activity and expected income
4. Submit the form with all necessary documents
5. Field verification and financial assessment are conducted
6. Loan is sanctioned and disbursed to the applicant’s bank account

Documents Required

• SC/ST certificate from a competent authority
• Income certificate
• Proof of residence
• Bank passbook copy
• Business plan or activity description
• Passport-size photographs
• Aadhaar card