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Gujarat

Swayam Saksham Yojana (GBCDC)

Gujarat Backward Classes Development Corporation (GBCDC)

About This Scheme

The Swayam Saksham Yojana by GBCDC offers low-interest loans up to ₹5 lakh to educated unemployed youth from Socially and Educationally Backward Classes (SEBC) in Gujarat to establish their own self-employment ventures.

The Swayam Saksham Yojana is a crucial initiative by the Gujarat Backward Classes Development Corporation (GBCDC), operating under the Social Justice and Empowerment Department of the Government of Gujarat. This scheme is specifically designed to foster self-reliance and entrepreneurship among socially and educationally backward class youth who have acquired vocational or professional training but are currently unemployed. By providing accessible, low-interest financial assistance, the program aims to empower these individuals to transition from job-seeking to job-creating. It supports the establishment of various professional self-employment ventures, such as clinics, law offices, engineering units, and other small businesses, thereby contributing significantly to economic inclusion and sustainable livelihood creation within the SEBC community across Gujarat. The Yojana underscores the government's commitment to uplift marginalized sections by enabling them to become independent economic actors and contribute to the state's development.

Benefits

  • The Swayam Saksham Yojana provides a low-interest loan of up to ₹5,00,000 per eligible applicant.
  • This financial assistance is structured with an attractive annual interest rate of 6%.
  • The scheme emphasizes a collaborative funding model, with 85% of the loan covered by a national corporation, 10% by the State Government, and a manageable 5% contribution required from the beneficiary, ensuring broad accessibility.
  • The loan is designed to be repaid in 60 equal monthly installments, including interest, providing a comfortable repayment tenure of five years.
  • This support aims to facilitate the establishment of self-employment ventures by educated unemployed youth, promoting financial independence and economic growth.

How to Apply

Rolling basis

Quick Info

Amount / Funding
Up to ₹5 Lakhs
State / Region
Gujarat
Ministry / Dept
Gujarat Backward Classes Development Corporation (GBCDC)
Tags
DebtRepayableIdeaProduct