6% Interest Subsidy on Loans taken through Banks up to a Limit of Rs.5 Lakh for Self-Employment

The Tribal Development Department, Government of Gujarat, administers a scheme that provides a 6% interest subsidy on bank loans up to Rs.5 lakh for self-employment. The initiative targets individuals from Scheduled Tribes (ST) residing in tribal areas of Gujarat. It addresses the financial constraints that aspiring entrepreneurs from these communities often encounter when seeking business credit.

By lowering the effective cost of borrowing, the scheme reduces the repayment burden on beneficiaries. This support is intended to encourage ST individuals to start their own enterprises without the strain of high interest payments. The programme aims to promote individual economic self-reliance while also supporting the wider socio-economic development of tribal regions through the establishment of new local businesses.

- **Step 1:** Go to the office of the Project Administrator, Gujarat Tribal Development Corporation in Gandhinagar, or any tribal district office, during working hours. Ask the designated staff for a physical copy of the prescribed application form. - **Step 2:** Complete every mandatory section of the form. Include self-attested copies of all required supporting documents, namely your ST certificate, proof of residence in Gujarat's tribal areas, and your bank loan sanction letter. - **Step 3:** Hand over the duly filled and signed application form, together with the attached documents, to the office of the Tribal District Sponsorship Administrator. - **Step 4:** Be sure to obtain a receipt or acknowledgment from the office where you submit. Confirm that the receipt mentions essential particulars such as the date and time of submission, and any unique identification number assigned to your application.