The Interest Help Scheme for Graduate Doctor-Lawyer-Technical Graduate, launched by the Social Justice and Empowerment Department, Gujarat, is a progressive initiative aimed at supporting graduates from the unreserved category who wish to establish their businesses. This scheme provides financial assistance in the form of a 5% interest subsidy on loans up to ₹10,00,000/- taken from banks for self-employment ventures such as opening clinics, laboratories, radiology centers, or offices. Implemented by the Gujarat Unreserved Education and Economical Development Corporation (GUEEDC), this initiative seeks to empower professionals by reducing the financial burden of loans and encouraging entrepreneurship.

Key Highlights of the Scheme

• Subsidy Amount: 5% interest subsidy on loans up to ₹10,00,000/-.
• Purpose: To support doctors, lawyers, and technical graduates in setting up their businesses like clinics, laboratories, radiology centers, or offices.
• Eligibility: Open to individuals from the unreserved category with an annual family income of ₹6,00,000/- or less.
• Age Limit: Beneficiaries must be between 18 and 50 years of age.

This scheme is designed to foster entrepreneurship among skilled professionals, enabling them to contribute to economic growth while achieving financial independence.

Who Can Apply?

To be eligible for the Interest Help Scheme, applicants must meet the following criteria;

1. Residency: Must be a resident of Gujarat.
2. Category: Belongs to the unreserved category.
3. Age: Between 18 and 50 years.
4. Profession: Must be a doctor, lawyer, or technical graduate interested in establishing their own business.
5. Loan Requirement: Should have taken a bank loan for their business.
6. Income Limit: Annual family income should not exceed ₹6,00,000/-.
7. Business Registration: The business must have the necessary registration as per applicable rules.

How to Apply – Online Process

The application process for the Interest Help Scheme is conducted entirely online through the official website of the Gujarat Unreserved Education and Economical Development Corporation (GUEEDC). Below are the detailed steps:

Stage 1: Registration

1. Visit the Official Website: Navigate to the GUEEDC section under the Corporation menu on the official website.
2. Select the Scheme: Click on “Interest Help Scheme for Graduate Doctor-Lawyer-Technical Graduate” and then click “Apply Now.”
3. Register as a New User: If you are a new user, click “New User? Please Register Here.”
4. Fill in Details: Enter your name, mobile number, email ID, and other required details. Complete the captcha and click “Register.”

Stage 2: Application Submission

5. Log In: Use your registered User ID, Password, and Captcha Code to log in.
6. Read Scheme Details: Carefully read the scheme guidelines and click “OK.”
7. Confirm Address: Verify your permanent address. If incorrect, update it before proceeding.
8. Upload Documents: Upload all required documents, including educational certificates, business registration proof, loan sanction letter, and income certificate.
9. Review and Submit: Review all details carefully. If changes are needed, click “No, Cancel.” Otherwise, confirm by clicking “Yes, Submit.”
10. Save Application: Note down your Application Number for future reference. You can also print the application form for your records.

Post Online Application Procedure

After submitting the online application;

1. Take a printout of the application form.
2. Sign the printed form and attach all uploaded documents (certificates, mark sheets, etc.).
3. Submit the signed hard copy along with the documents to the concerned Deputy Director (Non-Reserved Category) or District Social Welfare Officer via courier, post, or in person.

List of Required Documents

• Aadhaar Card: Proof of identity and residence.
• Educational Certificates: MBBS, LLB, or Technical Degree.
• Business Registration Proof: Valid registration of the business as per rules.
• Bank Loan Sanction Letter: Document proving the loan amount and account details.
• Income Certificate: Showing annual family income ≤ ₹6,00,000/-.
• Age Proof: Birth certificate, Aadhaar card, or any valid ID.
• Category Certificate: Proof of belonging to the unreserved category.
• Address Proof: Voter ID, Aadhaar card, or utility bill.
• Other Documents: Any additional documents specified by the Corporation.

Benefits of the Scheme

• Financial Relief: Provides a 5% interest subsidy on loans up to ₹10,00,000/-, significantly reducing the cost of borrowing.
• Promotes Entrepreneurship: Encourages professionals to start their own businesses, fostering economic development.
• Wide Coverage: Supports a variety of professions, including doctors, lawyers, and technical graduates.
• Inclusive Growth: Targets individuals from the unreserved category with an annual family income of ₹6,00,000/- or less.
• Easy Application Process: Online submission ensures accessibility and transparency.

Frequently Asked Questions (FAQs)

Q1. What is the purpose of the Interest Help Scheme?

The scheme provides 5% interest subsidy on loans up to ₹10,00,000/- for professionals like doctors, lawyers, and technical graduates who want to establish their own businesses.

Q2. How much assistance is available?

A 5% interest subsidy is provided on loans up to ₹10,00,000/-.

Q3. Is the assistance provided by the corporation or the bank?

The Gujarat Unreserved Education and Economical Development Corporation (GUEEDC) provides the interest subsidy, while the loan is sanctioned by the bank.

Q4. At what interest rate is the subsidy available?

The subsidy covers 5% of the interest rate on the loan amount.

Q5. What are the eligibility norms?

Applicants must be residents of Gujarat, belong to the unreserved category, and have an annual family income of ₹6,00,000/- or less. They must also be aged between 18 and 50 years.

Q6. What is the age limit for beneficiaries?

The beneficiary’s age must be between 18 and 50 years.

Q7. What is the maximum annual income allowed for eligibility?

The annual family income should not exceed ₹6,00,000/-.

Q8. What steps should be followed after submitting the online application?

After submitting the online application, take a printout, sign it, and submit it along with all uploaded documents to the concerned authorities.

Conclusion

The Interest Help Scheme for Graduate Doctor-Lawyer-Technical Graduate is a commendable initiative by the Social Justice and Empowerment Department, Gujarat, aimed at empowering professionals from the unreserved category. By providing a 5% interest subsidy on loans, the scheme reduces the financial burden of entrepreneurship and encourages skilled individuals to contribute to the state’s economic growth.

Sources and References

• Guidelines issued by the Social Justice and Empowerment Department, Government of Gujarat.
• Official GUEEDC Website: [Check Status]
• User Manual for detailed instructions on the application process.

For further assistance, contact the nearest District Social Welfare Office or visit the official website of the Gujarat Unreserved Education and Economical Development Corporation.