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 the "6% Interest Subsidy on Loans taken through Banks up to a Limit of Rs.5 Lakh for Self-Employment" scheme. Its purpose is to increase self-employment opportunities for Scheduled Tribes (ST) individuals in tribal areas of Gujarat. The scheme addresses the financial challenges that aspiring entrepreneurs from these communities often encounter, making business loans more accessible and affordable.

Through a direct interest subsidy, the programme lowers the cost of loan repayment, enabling ST beneficiaries to pursue entrepreneurial activities without the burden of high interest expenses. This support encourages individual economic independence and supports the socio-economic development of tribal regions by fostering new business ventures and stimulating local economies.

- **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 all required fields on the form accurately. Include self-attested copies of every supporting document, such as your ST certificate, proof of residence in Gujarat's tribal areas, and your bank loan sanction letter. - **Step 3:** Hand over the signed and fully filled application form, together with all the attached documents, to the office of the Tribal District Sponsorship Administrator. - **Step 4:** Ask for and obtain a receipt or acknowledgment from the office where you submit. Check that the receipt contains essential information, including the submission date, time, and any unique identification number assigned to your application.