The Co-operation, Food and Consumer Protection Department, Tamil Nadu, has launched the “Revamped Micro Credit Loan for Women Vendors” scheme through District Central Cooperative Banks and their branches. This initiative is designed to empower women engaged in vending activities—such as selling flowers, vegetables, and fruits—by providing them with accessible financial support. Under this scheme, eligible women can secure micro loans ranging from ₹100 to ₹5,000 at an interest rate of 11% per annum (subject to change), thereby enhancing their income generation opportunities and supporting their small businesses.
Benefits
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Access to Micro Loan:
Women vendors can obtain loans ranging from ₹100 to ₹5,000. -
Competitive Interest Rate:
The loan is offered at a concessional interest rate of 11% per annum, making borrowing affordable and supportive of small-scale business operations.
Eligibility
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Gender & Residency:
The beneficiary must be a woman and a resident of Tamil Nadu. -
Business Activity:
The beneficiary should be engaged in vending activities such as selling flowers, vegetables, fruits, etc. -
Membership:
The applicant must be associated with a District Central Cooperative Bank branch that offers this scheme.
Application Process
Offline Process:
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Collection of Application Form:
Visit the nearest branch of a District Central Cooperative Bank to collect the application form from the Secretary or Special Officer. -
Form Completion:
Fill in all mandatory fields on the form. Attach a passport-sized photograph (signed across, if required) and self-attested copies of all necessary documents. -
Submission:
Submit the duly filled and signed application form along with the required documents to the concerned authority. -
Acknowledgment:
Request a receipt or acknowledgment that includes the date, time, and a unique identification number (if applicable) to confirm submission.
Documents Required
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Identity Proof:
Aadhaar Card, PAN Card, etc. -
Address Proof:
Any government-issued document proving residency. -
Proof of Vending Activity:
If applicable, documents or certificates that verify the vending business. -
Additional Documents:
Any other documents as required by the scheme guidelines.
Frequently Asked Questions
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What is the objective of this scheme?
To empower women vendors by providing micro-credit loans, thereby supporting their small businesses in selling flowers, vegetables, fruits, etc. -
What is the purpose of the loan?
The loan is intended to ease financial burdens and support income generation through small-scale vending activities. -
Who is eligible to apply for this loan?
Any woman who is a resident of Tamil Nadu and engaged in vending activities such as selling flowers, vegetables, fruits, etc., and is associated with a District Central Cooperative Bank branch. -
What is the maximum amount of loan available?
Loans range from ₹100 to ₹5,000. -
What is the interest rate for the loan?
The loan is offered at an interest rate of 11% per annum (subject to change). -
Is there any age limit for applicants?
The scheme does not specify an age limit; eligibility is primarily based on residency and business activity. -
What documents are required to apply for the loan?
Applicants must submit identity proof, address proof, proof of vending activity (if applicable), and any other documents specified by the scheme. -
How can applicants apply for the loan?
Applicants must collect the application form offline from the relevant District Central Cooperative Bank branch and submit it along with the required documents. -
Is this financial support provided as a grant or a loan?
It is provided as a micro-credit loan. -
Is this scheme available at all branches of the District Central Cooperative Banks?
The scheme is implemented through branches of District Central Cooperative Banks in Tamil Nadu that are participating in the initiative.