Mahila Samriddhi Yojana: ₹60,000 Loan at 4% for Gujarat Women
Low-interest micro-loan of up to ₹60,000 at 4% per annum for women entrepreneurs from Gujarat's Thakor and Koli communities.
- Funding amount
- ₹60,000 (debt / loan)
- Funding type
- Debt / Loan
- Provider
- Gujarat Thakor and Koli Vikas Nigam (GTKVN) (Government)
- Application deadline
- Rolling
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Mahila Samriddhi Yojana is a micro-credit line run by the Gujarat Thakor and Koli Vikas Nigam (GTKVN), an agency working under the Government of Gujarat's Social Justice and Empowerment Department. Its purpose is straightforward: give women of Thakor and Koli background a practical route to funding a small business of their own.
Capital is the usual blocker for these entrepreneurs. Many have vocational training or years of hands-on experience, but no savings to buy equipment, stock a shop or cover set-up costs. The Yojana steps in at that point with an affordable loan rather than a grant, so the money is repaid and can be lent out again.
Borrowers can access as much as ₹60,000, which may cover the entire cost of the proposed activity. Interest is fixed at 4% per annum, and the amount is repaid across 48 instalments, keeping the monthly outgo small and predictable.
There is no last date to chase — GTKVN accepts applications on a rolling basis through the year. And because this is a loan rather than an equity investment, the founder keeps full ownership of the business she builds.
Highlights
- Loan of up to ₹60,000 per borrower
- Interest fixed at 4% per annum
- Repaid over 48 equal instalments
- Covers up to 100% of the project cost
- Open to Thakor and Koli women in Gujarat aged 21–50
- Rolling applications — no fixed deadline
Who can apply
Applications are open only to women who satisfy every condition listed below.
- State: the applicant must live in Gujarat.
- Community: she must belong to the Thakor or Koli caste.
- Age: between 21 and 50 years.
- Household income: the family's yearly income must stay at or below ₹3,00,000.
- Skills: she needs hands-on skills and prior experience in the trade or business she proposes.
- Security: acceptable collateral has to be offered to secure the loan.
One allocation rule sits alongside these criteria: a minimum of half of the sanctioned loan value is set aside for households earning up to ₹1,50,000 a year. Lower-income families therefore receive priority within the overall pool of funding.
Mahila Samriddhi Yojana: ₹60,000 Loan at 4% for Gujarat Women is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
Mahila Samriddhi Yojana: ₹60,000 Loan at 4% for Gujarat Women 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.
What the funding covers
The scheme is a debt product. GTKVN lends, the borrower repays, and no ownership stake in the venture changes hands.
- Loan ceiling: up to ₹60,000 per applicant.
- Share of project cost: the loan may finance up to 100% of the proposed business or trade cost.
- Interest: 4% per annum.
- Repayment: 48 instalments of equal size, i.e. four years of steady payments.
The money is meant for small enterprises and trades that build on skills the applicant already has — buying equipment, setting up a unit or growing an existing trade — with self-employment as the end goal.
About the provider
Mahila Samriddhi Yojana: ₹60,000 Loan at 4% for Gujarat Women 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.
How to apply
Applications are submitted on the . Confirm the current deadline and document checklist there before you start.
Selection process
GTKVN reviews every application it receives. The journey from submission to sanction generally runs as follows.
- Completeness and basic eligibility screening. Applications are checked for the required information and tested against the core conditions — Gujarat residency, Thakor or Koli community membership, age within 21 to 50, and family income within the ₹3,00,000 ceiling.
- Assessment of skills, experience and collateral. Officials examine whether the applicant has the technical grounding and experience the proposed trade demands, and whether the collateral offered is suitable security.
- Deeper evaluation. Applications clearing the earlier steps may be taken up for an interview or a closer examination of the business plan.
- Final committee decision. GTKVN's committee takes the final call on merit, choosing which women entrepreneurs receive assistance.
- Priority for lower-income applicants. The scheme's allocation note requires special consideration for families with the lowest yearly incomes.
Documents you’ll need
Before you apply to Mahila Samriddhi Yojana: ₹60,000 Loan at 4% for Gujarat Women, 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.
Who this is best for
Mahila Samriddhi Yojana: ₹60,000 Loan at 4% for Gujarat Women is best suited for startups in India seeking non-dilutive funding of ₹60,000. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
How much funding does the Mahila Samriddhi Yojana offer?
Eligible women can borrow as much as ₹60,000. That sum may cover the whole cost of the proposed business or trade — up to 100% of the project cost — so you are not expected to arrange matching capital from your own pocket.
What interest rate applies, and how is the loan repaid?
Interest is charged at 4% per annum, which keeps the cost of borrowing low. Repayment runs across 48 months in instalments of equal size — four years of predictable monthly payments.
Who can apply for this scheme?
The scheme is limited to women who live in Gujarat, belong to the Thakor or Koli caste, and are aged 21 to 50. The household's yearly income must not be more than ₹3,00,000, the applicant must have relevant technical skills and experience in the trade she proposes, and suitable collateral has to be provided.
Is there an application deadline?
No. GTKVN runs this scheme on a rolling basis and accepts applications throughout the year, so you can apply whenever your plan is ready. There is no fixed last date to work towards.
Do I need DPIIT recognition or MSME registration to apply?
Neither appears among the scheme's requirements. What GTKVN asks for is proof of Gujarat residency, a caste certificate confirming Thakor or Koli community membership, an income certificate, age within the 21 to 50 band, evidence of skills and experience in the proposed trade, and collateral that satisfies the Nigam.
Does the scheme take equity in my business?
No. This is a debt scheme, so GTKVN lends you money that you repay with interest over 48 instalments. The Nigam takes no ownership stake or share in your venture.
Which documents must I upload with the application?
Typically you will need your caste certificate (confirming Thakor or Koli community membership), an income certificate, your Aadhaar card, a recent passport-size photograph, the first page of your bank passbook, and proof of residence. All should be scanned copies.
How do I apply for the Mahila Samriddhi Yojana?
Applications are made online. Go to the GTKVN portal at gtkdconline.gujarat.gov.in and click "Apply Now" on the main menu. Pick Mahila Samriddhi Yojana from the list of schemes, choose the loan category that fits your business and enter the amount you need. The form collects personal details such as name, gender, date of birth, caste and addresses, your family income and its source, the loan sum requested, and how the funds will be used. Bank details are captured so the loan can be disbursed directly. Upload your documents, verify everything using the Preview option, submit, and save the Application ID you receive for tracking.
Are any types of business excluded from funding?
The scheme does not list restricted industries. It supports small businesses and trades that draw on the applicant's own skills and experience, with self-employment as the objective.
Do applicants from lower-income families get preference?
Yes. At least half of the total loan amount sanctioned under the scheme is earmarked for families whose yearly income is up to ₹1,50,000. The selection committee is also directed to give special consideration to lower-income households.
Is collateral compulsory?
Yes. An applicant has to pledge suitable collateral to secure the loan, and the review team assesses whether what is offered is adequate.
Who offers Mahila Samriddhi Yojana: ₹60,000 Loan at 4% for Gujarat Women?
Mahila Samriddhi Yojana: ₹60,000 Loan at 4% for Gujarat Women is offered by Gujarat Thakor and Koli Vikas Nigam (GTKVN), a government body. It is provided as non-dilutive funding.
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