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Gujaratsocial-welfare-empowerment

Term Loan Scheme (GMFDC)

The scheme aims to promote self-employment among individuals from the minority communities by providing financial assistance for agriculture and allied activities, small-scale businesses, craftsmanship, transport sector, traditional occupations, and service-based businesses/trades.

Ministry / Department
Social Justice and Empowerment Department
Level
State
Benefit type
cash
Last verified: Recently

Term Loan Scheme (GMFDC) क्या है?

The scheme aims to promote self-employment among individuals from the minority communities by providing financial assistance for agriculture and allied activities, small-scale businesses, craftsmanship, transport sector, traditional occupations, and service-based businesses/trades.

लाभ
1. **Financial Assistance for Business:** Loans ranging from ₹1,00,000/- to ₹20,00,000/- are provided businesses/trades in various sectors listed below: - Agriculture and allied businesses, such as animal husbandry, fisheries, etc. - Technical & Skilled self-employment businesses. - Service-oriented businesses such as provision stores, ready-made garment shops, cyber cafés, cold drink parlors, auto repairing, beauty parlors, etc. - Handicraft businesses. - Transport sector. 1. **Interest Rates:** - For annual income up to ₹1,20,000/- (rural) and ₹1,20,000/- (urban), the interest rate is 6% per annum. - For families with annual income above ₹1,20,000/- and up to ₹8,00,000/-, the interest rate is 8% for male beneficiaries and 6% for female beneficiaries. **3. Repayment:** The loan amount has to be repaid to the corporation in 60 equal installments over five years, including interest.
स्तर
State — Gujarat
मंत्रालय / विभाग
Social Justice and Empowerment Department
लाभ का प्रकार
cash
मुख्य पात्रता
1. The applicant should be a resident of Gujarat. 1. The applicant should belong to a minority religious community (Muslim, Christian, Sikh, Jain, Buddhist, Parsi, or Jewish) or a linguistic community (Sindhi, Marathi, or Urdu) in the state of Gujarat. 1. The applicant, or any member of their family
अंतिम सत्यापन
Recently

Benefits

1. **Financial Assistance for Business:** Loans ranging from ₹1,00,000/- to ₹20,00,000/- are provided businesses/trades in various sectors listed below: - Agriculture and allied businesses, such as animal husbandry, fisheries, etc. - Technical & Skilled self-employment businesses. - Service-oriented businesses such as provision stores, ready-made garment shops, cyber cafés, cold drink parlors, auto repairing, beauty parlors, etc. - Handicraft businesses. - Transport sector. 1. **Interest Rates:** - For annual income up to ₹1,20,000/- (rural) and ₹1,20,000/- (urban), the interest rate is 6% per annum. - For families with annual income above ₹1,20,000/- and up to ₹8,00,000/-, the interest rate is 8% for male beneficiaries and 6% for female beneficiaries. **3. Repayment:** The loan amount has to be repaid to the corporation in 60 equal installments over five years, including interest.

Eligibility

1. The applicant should be a resident of Gujarat. 1. The applicant should belong to a minority religious community (Muslim, Christian, Sikh, Jain, Buddhist, Parsi, or Jewish) or a linguistic community (Sindhi, Marathi, or Urdu) in the state of Gujarat. 1. The applicant, or any member of their familyArea: GujaratBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Registration

    2. Step 2: Online application — step 2

      Step 1: Visit the Gujarat Minority Finance and Development Corporation official website .

    3. Step 3: Online application — step 3

      Step 2: Register as a new user with name, mobile number, email, Aadhaar number, and create a password.

    4. Step 4: Online application — step 4

      Step 3: In the form, provide all the mandatory fields, fill in the captcha code, and click "Submit" to complete the registration process. A pop-up will appear acknowledging successful registration and displaying your User ID for Login.

    5. Step 5: Online application — step 5

      Application

    6. Step 6: Online application — step 6

      Step 1: Visit the Gujarat Minority Finance and Development Corporation official website .

    7. Step 7: Online application — step 7

      Step 2: Log in using your registered credentials. Select the Term Loan Scheme from the available schemes.

    8. Step 8: Online application — step 8

      Step 3: Fill in personal details, income information, business details, and bank account details.

    9. Step 9: Online application — step 9

      Step 4: Upload required documents: Identity Proof, Address Proof, Income Certificate, Minority Certificate, Educational Qualification Certificate, Experience Certificate (if any), Business Proposal, and Bank Passbook.

    10. Step 10: Online application — step 10

      Step 5: You will be taken to the online application form of the scheme. In the form, provide all the mandatory fields and upload all the mandatory documents in the specified format and size.

    11. Step 11: Online application — step 11

      Step 6: Carefully review all the information provided and the documents uploaded. Make corrections, if any.

    12. Step 12: Online application — step 12

      Step 7: Click "Submit" to submit your application. You'll receive a confirmation message. Note down your Application Number for future reference. You can also take a printout of the submitted application form.

    13. Step 13: Online application — step 13

      Track Application Status

    14. Step 14: Online application — step 14

      Step 1: Visit the Gujarat Minority Finance and Development Corporation official website .

    15. Step 15: Online application — step 15

      Step 2: Navigate to the bottom of the home page, and click "Your Application Status".

    16. Step 16: Online application — step 16

      Step 3: On the next page, provide your Application Number, Date of Birth, and click "View Status". The current status of your application will be displayed.

    17. Step 17: Online application — step 17

      Contact:

    18. Step 18: Online application — step 18

      For any assistance, contact 079-23253843, 23254583, 23253757 or email [email protected].

    19. Step 19: Offline application — step 1

      Interested individuals should contact either the Gujarat Minority Finance and Development Corporation office in Gandhinagar or the District Deputy Director/District Social Welfare Officer (Developing Castes) office in their respective district to obtain the application form.

    20. Step 20: Offline application — step 2

      Contact Information for Gujarat Minorities Finance and Development Corporation, Gandhinagar:

    21. Step 21: Offline application — step 3

      Address: Ground Floor and Second Floor, Block Number: 11, Dr. Jivraj Mehta Bhavan, Gandhinagar

    22. Step 22: Offline application — step 4

      Phone Numbers: (079) 232 53843, 232 54583, 232 53757

    23. Step 23: Offline application — step 5

      Email: [email protected]

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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