Swayam Saksham Yojana 2026: Up to ₹5 Lakh Loan at 5% Interest

At a glance

About the scheme

Implemented by the Gujarat Thakor and Koli Vikas Nigam (GTKVN) under the Social Justice and Empowerment Department, Government of Gujarat, the Swayam Saksham Yojana aims to foster economic independence among educated youth. It extends affordable credit to individuals holding professional degrees or practical training in fields such as engineering, medicine, law, accounting, hotel management, sculpture, and sports. By financing up to 95% of the capital requirement, the initiative empowers young professionals to establish self-employment ventures in their specialised domains.

Benefits

• Loan assistance of up to ₹5,00,000/- for setting up a business or self-employment unit.
• Concessional interest rate of 5% per annum.
• Scheme finances 95% of the total project cost, requiring only 5% beneficiary contribution.
• Flexible repayment tenure of up to 60 equal monthly instalments (maximum 5 years).

Who can apply (eligibility)

• The applicant must be a resident of Gujarat.
• The applicant must belong to the Thakor or Koli community.
• The applicant must be between 18 and 35 years of age on the date of application.
• The applicant must be unemployed and intend to start a self-employment unit.
• The applicant must possess technical or professional qualifications or training in disciplines like Medical, Law, Architecture, Engineering, Chartered Accountancy, Hotel Management, Software/Hardware, Financial Consultancy, Sculpture, or Wrestling.
• Total annual family income must not exceed ₹3,00,000/- (with 50% of total loans reserved for families earning up to ₹1,50,000/-).

Documents required

• Caste certificate
• Income certificate
• Aadhaar card
• Recent passport-size photograph
• First page of bank passbook
• Proof of residence

How to apply

1. 1Visit the official portal of Gujarat Thakor and Koli Vikas Nigam at gtkdconline.gujarat.gov.in.
2. 2Click on the 'Apply Now' option located on the top navigation bar.
3. 3Select the Swayam Saksham loan scheme from the available list.
4. 4Choose your relevant loan category and enter the required loan amount.
5. 5Fill in personal details, address information, family income, business proposal, and bank details.
6. 6Upload scanned copies of your caste certificate, income certificate, Aadhaar card, photograph, passbook, and residence proof.
7. 7Preview the filled form to ensure accuracy and click on the 'Submit' button.
8. 8Save and print the generated Application ID and acknowledgement receipt for future tracking.

Frequently asked questions