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  3. Micro Finance Scheme for Self Help Groups (GTKVN)
Gujarat

Micro Finance Scheme for Self Help Groups (GTKVN)

Gujarat Thakor and Koli Vikas Nigam (GTKVN)

About This Scheme

This scheme by GTKVN provides low-interest loans up to ₹60,000 to women from Thakor and Koli castes who are members of Self Help Groups (SHGs) in Gujarat, to foster self-employment.

The "Micro Finance Scheme for Self Help Groups" is a pivotal initiative implemented by the Gujarat Thakor and Koli Vikas Nigam (GTKVN) under the Social Justice and Empowerment Department, Government of Gujarat. This scheme is meticulously designed to drive economic empowerment among women belonging to the Thakor and Koli castes within Gujarat. By focusing on Self Help Groups (SHGs), the program aims to cultivate a spirit of entrepreneurship and self-reliance, offering crucial financial support to those who aspire to establish or expand small-scale businesses and enterprises.

The primary objective of the GTKVN Micro Finance Scheme is to bridge the financial gap for these underserved communities, enabling them to access capital that might otherwise be unavailable through conventional channels. The scheme recognizes the collective strength of SHGs and leverages this structure to facilitate sustainable livelihood opportunities. It provides a structured pathway for economic upliftment, ensuring that beneficiaries not only receive financial aid but are also part of a supportive community framework that encourages business growth and development. This program is instrumental in promoting inclusive growth and reducing economic disparities by empowering women from specific backward classes through self-employment.

Benefits

  • This scheme offers a significant financial boost to eligible women through a loan amount of up to ₹60,000 for starting or expanding small-scale businesses.
  • The loan is provided at a highly competitive interest rate of 5% per annum, making it an affordable option for entrepreneurs.
  • Beneficiaries are required to contribute 5% of the project cost, with the scheme covering the remaining 95%, fostering a sense of ownership.
  • Repayment is structured conveniently over 48 equal monthly installments (4 years), allowing for manageable financial planning.
  • Beyond the direct financial aid, the scheme implicitly offers incubation support through its focus on Self Help Groups, encouraging collective growth and peer learning in the journey of self-employment.

How to Apply

Rolling basis

Quick Info

Amount / Funding
Up to ₹60,000
State / Region
Gujarat
Ministry / Dept
Gujarat Thakor and Koli Vikas Nigam (GTKVN)
Tags
DebtEquity-freeRepayableProductRevenue