MICRO FINANCE (Gopalak Nigam)
Micro-loan scheme for Rabari and Bharwad caste entrepreneurs in Gujarat. Provides up to ₹1.25 lakh loan at 5% interest with only 5% beneficiary contribution.
About This Scheme
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.
Benefits
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
Eligibility Criteria
The applicant must be a permanent resident of Gujarat.
The applicant must be a woman or man belonging to the Rabari or Bharwad caste.
The applicant must belong to a socially and educationally backward class as recognized by the Gujarat government.
The applicant must be between 21 and 45 years of age.
The applicant’s annual family income must not exceed ₹3.00 lakh.
The applicant must be planning to start or expand a small business.
Application Process
Apply 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.
Official Source: View on myScheme.gov.in
Eligibility Criteria
The applicant must be a permanent resident of Gujarat.
The applicant must be a woman or man belonging to the Rabari or Bharwad caste.
The applicant must belong to a socially and educationally backward class as recognized by the Gujarat government.
The applicant must be between 21 and 45 years of age.
The applicant’s annual family income must not exceed ₹3.00 lakh.
The applicant must be planning to start or expand a small business.
Benefits
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
Application Process
Apply OnlineStep 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.
References & Official Links
Scheme Details
| Full Name | MICRO FINANCE (Gopalak Nigam) |
| Short Title | MFGN |
| Level | State |
| Categories | Business & Entrepreneurship, Social welfare & Empowerment |
| States | Gujarat |
| Gender | All |
| Caste/Category | OBC |
| Area | Both |
| Income Limit | ₹300,000/year |
| Source | www.myscheme.gov.in ↗ |
Deepika Raikwar · 📅 20 Apr 2026
Deepika Raikwar is an Education Analyst and scholarship researcher who focuses on public welfare and merit-based scholarships. She simplifies complex eligibility rules, deadlines, and application processes to help common people access reliable funding opportunities worldwide.
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