Microcredit Finance Scheme- Self Help Groups (DAADC)

• Loan Amount: Up to ₹50,000/- (maximum ₹5,00,000/-)- Interest Rate: 6% annually- Loan Tenure: 36 months (3 years)- State Government Share: 95% (₹47,500/-)- Beneficiary Share: 5% (₹2,500/-)- Guarantor: Not required- Possible Installment amount : ₹1,445/- per month.

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1. The applicant must belong to a Scheduled Caste (SC) community.
2. The applicant must be part of an Antyodaya (AAY) family.
3. The applicant’s annual family income should not exceed ₹3,00,000/-.
4. The applicant must be a resident of Gujarat.
5. The applicant should be a self-help group of unemployed persons.
6. The applicant must be a member of a registered self-help group (SHG) or apply individually with valid business intent.

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Step 1: Visit the official website of the Dr. Ambedkar Antyodaya Vikas Nigam (SC).

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

Step 3: Click on the loan scheme name.

Step 4: Select the loan category and fill in the loan amount.

Step 5: 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 6: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.

Step 7: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.

Step 8: Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.

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