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  3. New Swarnim Yojana (for Women Only)
Gujarat

New Swarnim Yojana (for Women Only)

Social Justice and Empowerment Department, Government of Gujarat

About This Scheme

A debt scheme by the Government of Gujarat providing up to ₹2 lakh at 5% interest for self-employment to women from nomadic and denotified castes.

The "New Swarnim Yojana (For Women Only)" is a crucial initiative by the Social Justice and Empowerment Department, Government of Gujarat, designed to uplift women from nomadic and denotified castes. These communities often face significant socio-economic challenges, and this scheme specifically targets women living below the poverty line to foster economic independence. The primary objective is to enable beneficiaries to pursue self-employment opportunities with dignity, thereby improving their livelihoods and contributing to their family's economic stability.

Implemented by the Gujarat Nomadic and Denotified Tribes Development Corporation, the scheme provides financial assistance in the form of a loan. This empowers women to start or expand businesses and occupations of their choice, breaking cycles of poverty and marginalization. By offering accessible credit, the program aims to stimulate entrepreneurship among these vulnerable groups, promoting their inclusion in the mainstream economy and supporting their aspirations for a better future.

Benefits

  • This scheme provides a significant financial boost to eligible women, offering a loan of up to ₹2,00,000 for starting or expanding a business.
  • The loan comes with a highly attractive interest rate of 5% per annum, making it affordable for beneficiaries.
  • A key highlight is the 100% funding of the business/occupation amount, with zero beneficiary contribution required.
  • The loan composition is structured with 95% from the National Corporation and 5% from the State Government, ensuring comprehensive support.
  • The repayment schedule is designed to be manageable, allowing beneficiaries to repay the loan, including interest, in 60 equal monthly installments.
  • This structured financial assistance, coupled with government backing, aims to provide a strong foundation for sustainable self-employment.

How to Apply

Rolling basis

Quick Info

Amount / Funding
Up to ₹2 Lakhs
State / Region
Gujarat
Ministry / Dept
Social Justice and Empowerment Department, Government of Gujarat
Tags
DebtRepayable