GTKVN Term Loan Scheme — Up to ₹10L for Thakor & Koli Entrepreneurs

The Term Loan Scheme is a debt programme run by the Gujarat Thakor and Koli Vikas Nigam (GTKVN), a body working under the Social Justice and Empowerment Department of the Government of Gujarat. Its single objective is to move people from the Thakor and Koli communities into self-employment, by making loan capital available for ventures that would otherwise struggle to get financed.

The money can be used across a broad spread of activity. That includes agriculture and allied work, setting up small-scale businesses, craft-based work, traditional occupations, and service businesses or trades. In practice, a borrower can put the loan towards equipment, raw materials, or working capital — whether the unit is being started, kept running, or expanded.

What makes the scheme distinctive is the cost of capital and the risk split. Loans carry a concessional rate of 6% on amounts up to ₹5,00,000, and the state covers 95% of the project cost, leaving the beneficiary to bring in only 5% as margin money. Repayment runs over 60 equal monthly instalments that already include the interest component.

There is no application window to watch for — the scheme is rolling and always open, so eligible applicants from Gujarat can apply at any point through the GTKVN online portal.

• Term loan of up to ₹10,00,000 for self-employment and small businesses
• Concessional interest of 6% on amounts up to ₹5,00,000
• State funds 95% of project cost; beneficiary brings 5% margin money
• Repayment spread over 60 equal monthly instalments including interest
• Open only to Thakor and Koli community residents of Gujarat
• Supports agriculture, small businesses, craftsmanship, traditional trades and services

The scheme is restricted to individuals from two specific communities in Gujarat, and every criterion below has to be met before an application can move ahead.

• Domicile: The applicant must be a resident of Gujarat.
• Community: Belonging to the Thakor or Koli community is mandatory.
• Family income: Annual family income must not exceed ₹3,00,000.
• Age: The applicant must be between 21 and 50 years of age.
• Trade experience: Demonstrable experience or skill in the proposed trade or business is required.
• Collateral: Suitable collateral must be offered to secure the loan.

Applications are filed by individuals, and the form itself collects personal details such as name, gender, date of birth and caste, along with address, income particulars and bank account information.

GTKVN Term Loan Scheme — Up to ₹10L for Thakor & Koli Entrepreneurs is open to startups at any stage. It is open to startups registered anywhere in India.

GTKVN Term Loan Scheme — Up to ₹10L for Thakor & Koli Entrepreneurs accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.

The scheme delivers its support entirely as a term loan, so the money does not come with any equity dilution.

• Loan ceiling: Up to ₹10,00,000 for eligible self-employment and small business ventures.
• Interest: A concessional rate of 6% applies to amounts up to ₹5,00,000.
• Cost sharing: The Government of Gujarat bears 95% of the total project cost; the beneficiary contributes 5% as margin money.
• Repayment: The loan is repaid through 60 equal monthly instalments, with interest built into each instalment.
• Security requirement: One guarantor and suitable collateral are needed, which keeps the scheme approachable for applicants from the target communities.

Because the tenure is spread over five years, a borrower gets a reasonably long runway to set the business up and stabilise it before the repayment burden builds up.

GTKVN Term Loan Scheme — Up to ₹10L for Thakor & Koli Entrepreneurs is offered by Gujarat Thakor and Koli Vikas Nigam (GTKVN), a government body. As a government-backed debt / loan, it is publicly funded and open to eligible startups across India.

Every application goes through a series of checks before a loan is sanctioned.

• Initial screening: Submitted applications are examined to confirm that all mandatory documents are attached and that the basic criteria are satisfied — Gujarat residency, Thakor or Koli community status, the age band, and the family income ceiling.
• Skill assessment: The experience or skill the applicant has declared in the proposed trade or business is evaluated at this stage.
• Committee review: Applications may then be placed before a committee of the Gujarat Thakor and Koli Vikas Nigam, which studies the feasibility and likely impact of the proposed self-employment or small business venture.
• Verification contact: Applicants can be approached for clarifications or for verification of the information they have submitted.
• Security and margin: The final approval rests on the applicant furnishing suitable collateral as required, together with their 5% margin money contribution.

Before you apply to GTKVN Term Loan Scheme — Up to ₹10L for Thakor & Koli Entrepreneurs, keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

GTKVN Term Loan Scheme — Up to ₹10L for Thakor & Koli Entrepreneurs is best suited for startups in India seeking non-dilutive funding of ₹10L. If that describes your startup, review the eligibility criteria above before applying.