Vehicle Loan Scheme (GTKVN) 2026

This scheme helps women from Thakor and Koli communities in Gujarat start or grow their businesses through Read More... Self Help Groups (SHGs) with low-interest loans. Read less

Details

The Gujarat Thakor and Koli Vikas Nigam (GTKVN) has introduced a special scheme to boost economic independence among women from the Thakor and Koli communities. This initiative, operating under the Social Justice and Empowerment Department of the Gujarat Government, focuses on empowering women through self-employment ventures facilitated by Self Help Groups (SHGs).

What Is This Scheme?

The Micro Finance Scheme for Self Help Groups provides financial assistance in the form of loans to eligible SHG members. The goal is to enable them to set up or expand their own small businesses and enterprises, thereby improving their financial well-being.

Who Can Benefit From This Scheme?

This scheme is designed specifically for women who are members of Self Help Groups and belong to the Thakor or Koli castes. Applicants must be residents of Gujarat and meet certain age and income criteria.

Why This Scheme Is Important

By offering loans at a minimal interest rate and covering a significant portion of the project cost, this scheme aims to remove financial barriers for women who wish to become entrepreneurs. It promotes self-reliance and contributes to the economic development of targeted communities.

Objective

This scheme helps women from Thakor and Koli communities in Gujarat start or grow their businesses through Self Help Groups (SHGs) with low-interest loans.

Benefits

Under this scheme, beneficiaries can avail of a loan of up to ₹4,00,000/- for the purchase of commercial vehicles such as auto-rickshaws, loading rickshaws, Maruti Eeco, etc.

Sources and references

Guidelines

Eligibility Criteria

Must be a permanent resident of Gujarat.
Must be an active member of a recognized Self Help Group (SHG).
Must belong to either the Thakor or Koli caste.
Age should be between 21 and 50 years as of the application date.
Annual family income should not exceed ₹3,00,000/-.
Should have practical experience in the trade or business they plan to start or expand.
Will need to provide adequate collateral or security for the loan.

Note: At least 50% of the total funds allocated under this scheme are reserved for individuals whose family income is ₹1,50,000/- or less.

How To Apply

Applications for the Micro Finance Scheme for Self Help Groups are accepted exclusively online. Interested and eligible candidates should visit the official GTKDC online portal to complete and submit their application. Specific details regarding the portal link and the application procedure can be found on the Gujarat Thakor and Koli Vikas Nigam's official website.

Documents Required

Aadhaar Card
Ration Card
Voter ID Card
Recent Passport Size Photographs
Proof of Business Address
Birth Certificate (for age proof)
Caste Certificate
Bank Passbook
Income Certificate

FAQ’s

Can I apply if I am an individual not part of a Self Help Group?

No, this scheme is specifically for individuals who are members of a Self Help Group (SHG). Solo applications are not accepted.

What is the duration for repaying the loan?

The loan must be repaid over a period of 48 months, which is equal to 4 years, through equal monthly installments.

Does the scheme cover the entire cost of starting a business?

The scheme finances 95% of the business cost. You, as the beneficiary, will need to contribute the remaining 5%.

Is there any special provision for women from very low-income families?

Yes, the scheme prioritizes lower-income groups. A significant portion, 50% of the total loan funds, is reserved for families with an annual income of ₹1,50,000/- or less.

Do I need to have experience before applying?

Yes, you are required to have relevant experience in the trade or business field for which you are seeking the loan.

How can I check the status of my submitted application?

You can typically check your application status on the GTKDC online portal. You will likely need to log in using your credentials to view updates.

What types of businesses can I start with this loan?

The loan can be used for any skilled or small business venture that helps you generate income and become self-reliant.

What is the maximum loan amount I can get?

Eligible applicants can receive a loan of up to ₹60,000/- under this micro-finance scheme.

Am I eligible if I belong to the Thakor or Koli community but am not a resident of Gujarat?

No, you must be a permanent resident of Gujarat to be eligible for this scheme.

Is collateral necessary for the loan?

Yes, the scheme requires applicants to provide suitable collateral or a guarantor for the loan to be approved.