Micro Finance (GBCDC)

1. The maximum loan limit under this scheme is up to ₹1,25,000/-.
2. The interest rate in these schemes is 5 percent per annum.
3. In these schemes, 90 per cent of the unit cost will be provided as a loan, with 90 per cent from the national corporation, 5 per cent from the state government, and 5 per cent from the beneficiary contribution.
4. This loan is to be repaid in 48 equal monthly instalments, including interest.

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1. The applicant should belong to a socially and educationally backwards class.
2. The total annual income of the applicant&#39;s family should not exceed ₹3,00,000/-.
3. The applicant&#39;s age should be between 21 and 45 years as on the date of application.
4. The applicant must have experience in a business requiring technical and other skills.

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Step 1: Visit the official website of the Gujarat Backwards Caste Development Corporation.

Step 2: On the top menu bar, click on &quot;Apply Online&quot;.

Step 3: If you’re a new user, click on &quot;New Registration&quot; Enter personal details (name, mobile number, email, aadhaar number, etc.), create a password, and complete OTP verification.

Step 4: Use your registered credentials (User ID and password) to log in.

Step 5: Click on “New Application”. Select “Micro Finance Scheme” from the list of available schemes.

Step 6: Fill out the Application Form, enter the following details:

• Personal Information: Name, gender, date of birth, caste, etc.
• Address Information: Permanent and correspondence address
• Income Details: Monthly family income and source
• Loan Requirement: Amount needed, proposed use (e.g., business, self-employment)
• Bank Account Details: For loan disbursement

Step 7: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.

Step 8: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.

Step 9: You will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.

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