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Banking,Financial Services and Insurance; Business & Entrepreneurship

Self-Employment Scheme: Nana Vyavasay Mate Loan Yojana

"Nana Vyavasay Mate Loan Yojana" is a component under the "Self-Employment Scheme" that provides financial assistance in the form of a loan to establish or expand small businesses such as grocery shops, medical stores, bookstores, etc.

Authority

State/ UT

Region

Gujarat

Status

Verified 2026

Updated

March 2026

What you get

- Financial Assistance: Loan up to ₹10,00,000/- or actual expenditure, whichever is lower.

Who can apply

The applicant must be a resident of Gujarat.; The applicant must belong to the unreserved category.; The applicant's age should be between 18 years and 50 years.; The small business will have to be started within three months of obtaining the loan.; The applicant must be willing to repay the loan in equal monthly installments over 5 years after three months of starting the business.; The annual income limit of the family should be ₹6,00,000/- or less.; The interest rate on the loan will be 5 percent simple interest per annum and 4 percent for women.; The simple interest will be calculated based on the amount of the loan given per year.; Only 1 person from a family can avail of the scheme benefits.; A maximum of 5 beneficiaries per village will be selected.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What is the "Nana Vyavasay Mate Loan Yojana"?

The "Nana Vyavasay Mate Loan Yojana" provides financial assistance of up to [?]10,00,000/- to individuals for starting or expanding self-employment businesses, such as grocery shops, medical stores, bookstores, and garment shops.

Who can apply for the Nana Vyavasay Mate Loan Yojana?

Any individual who is a resident of the state, is unemployed or seeking self-employment, and has a viable business plan can apply for the scheme.

How are beneficiaries selected under this scheme?

Beneficiaries are selected through a draw system, which ensures a fair and transparent selection process.

Can multiple members from the same family apply for this loan?

No, only one person per family is eligible to apply for and receive the loan under this scheme.

What types of businesses are supported under this scheme?

The scheme provides financial aid for self-employment businesses such as grocery shops, medical stores, bookstores, readymade garment stores, and similar small businesses.

What is the maximum loan amount an individual can receive?

An individual can receive up to[?]10,00,000/-, or the actual business expenditure incurred, whichever is lower.

Is there any preference given to women applicants?

Yes, at least 10% of the selected applicants will be women, giving them priority under this scheme.

What happens if an applicant fails to submit the required documents within the given timeline?

If an applicant does not submit the required documents within the specified time, their application may be rejected.

How will an applicant be informed about the selection result?

Applicants will receive a notification via Email/SMS if they are selected under the scheme.

What should an applicant do if their application is rejected?

If an application is rejected, the applicant can check the reason for rejection and reapply in the next cycle if they meet the eligibility criteria.

What steps should an applicant take after receiving in-principle approval?

After receiving in-principle approval, the applicant must upload the required documents online within 7 days and submit physical copies to the District Manager's Office within 30 days.