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Banking,Financial Services and InsuranceState/ UT Level

Mobile Food Court Van (DAADC)

The scheme aims to generate self-employment opportunities in the food and beverage sector by providing credit to unemployed scheduled caste individuals belonging to Antyodaya families. Under this scheme, loans are provided to the eligible beneficiaries at a concessional interest rate.

Authority

State/ UT

Region

Gujarat

Status

Active / Open

Updated

Recently Verified

What are the Benefits?

Loan Amount: Up to ₹6,00,000/- | Interest Rate: 6% per annum | Contribution: | - State Government Contribution: 95 % | - Beneficiary Contribution: 5% | Possible Installment Amount: | - ₹11,020/- per month (for 5 years) | - ₹ 9,447/- per month (for 6 years) | - ₹ 8,327/- per month (for 7 years)

Who is Eligible?

The applicant should be a resident of Gujarat.; The applicant should belong to the Scheduled Caste (SC) category.; The applicant should belong to an Antyodaya Anna Yojana (AAY) family.; The applicant’s annual family income should not exceed ₹3,00,000/-.; The applicant should provide two guarantors to get the loan.

Required Documents

Aadhaar Card
PAN Card
Income Certificate
Residence Proof (Domicile)

Common Questions

Who is eligible for the scheme?

Unemployed individuals belonging to Scheduled Castes and classified under Antyodaya families in Gujarat.

How many guarantors are needed?

Two guarantors are required for the loan application.

What kind of business is supported?

Mobile food and beverage businesses.

Is the application process online?

Yes, apply via https://daadconline.gujarat.gov.in/

What is the maximum loan amount available under this scheme?

A loan of up to ₹6,00,000/- can be availed under the scheme.

What is the government’s share?

95% of the project cost.

What is the loan repayment period?

The repayment period ranges from 60 months to 84 months (i.e., 5 to 7 years).

Can women applicants apply under this scheme?

Yes, eligible women belonging to Antyodaya Scheduled Caste families can also apply.