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Banking,Financial Services and Insurance; Business & Entrepreneurship

Term Loan Scheme (GTKVN)

The scheme aims to promote self-employment among individuals from the Thakor and Koli communities by providing financial assistance up to ₹10,00,000/- for agriculture and allied activities, small-scale businesses, craftsmanship, traditional occupations, and service-based businesses/trades.

Authority

State/ UT

Region

Gujarat

Status

Verified 2026

Updated

March 2026

What you get

- Loan Amount: Loans up to ₹10,00,000/- are provided for eligible small businesses.- Interest Rate: Interest on the loan will be charged at 6% up to ₹5,00,000/-.- Loan Coverage: Government share 95% of project cost, and beneficiary share 5% margin money- Loan Tenure: The loan amount will have to be repaid in 60 equal monthly installments including interest.- Guarantor: One guarantor required

Who can apply

The applicant should be a resident of Gujarat.; The applicant should belong to Thakor or Koli community.; The applicant’s annual family income should not exceed ₹3,00,000/-.; The applicant’s age should be between 21 and 50 years.; The applicant must have experience/skilled in the proposed trade or business.; The applicant will have to provide suitable collateral to get the loan.

Required Paperwork

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

Common Questions

What is the maximum loan I can get?

Up to ₹10,00,000 based on project cost and eligibility.

What is the rate of interest on the loan?

The interest rate is 6% per annum for loan amounts up to₹5,00,000.

Who is eligible to apply for this loan?

Individuals belonging to the Thakor or Koli caste are eligible to apply.

What can I use the loan for?

Agriculture and allied activities, small industries, traditional crafts, or service businesses.

Is any contribution required from the beneficiary?

Yes, the beneficiary has to contribute 5% of the project/business cost.

What types of activities are covered under this loan scheme?

The scheme covers agriculture and related activities, small-scale industries, artisanal and traditional professions, and service-type businesses or occupations.

What is the age limit for applicants?

The applicant must be at least 21 years old and not older than 50 years as on the date of application.

What is the repayment period for the loan?

The loan must be repaid in 60 equal monthly installments, including interest.

Is collateral required for availing this loan?

Yes, the applicant must provide suitable collateral as security for the loan.