The “District Central Cooperative Banks and through its Branches: For SSI Unit Loan and Other NFS Activities” scheme is launched by the Co-operation, Food and Consumer Protection Department of Tamil Nadu. This initiative is aimed at supporting small-scale industries (SSI) and other non-farm sector (NFS) activities by providing financial assistance in the form of loans. The scheme enables eligible beneficiaries to secure loans up to ₹1,00,000, thereby empowering entrepreneurs in both agricultural and industrial domains.
Benefits
-
Access to Loan:
Eligible applicants can obtain loans of up to ₹1,00,000. -
Interest Rate:
The loans are offered at an interest rate of 13% per annum (subject to change).
Eligibility
-
Residency:
The beneficiary must be a resident of Tamil Nadu. -
Business Activity:
The loan must be used exclusively for establishing or supporting a small-scale industries (SSI) unit or other non-farm sector (NFS) activities. -
Additional Criteria:
There are no specific income or age limits mentioned for this scheme.
Application Process
Offline
-
Collect Application Form:
Interested applicants should collect the application form from the District Central Cooperative Banks or their branches. -
Fill the Form:
Complete the application form by filling in all the mandatory fields, attaching a passport-sized photograph (signed across, if required), and including self-attested copies of all necessary documents. -
Submit Application:
Submit the duly filled and signed application form along with the required documents to the concerned authority. -
Obtain Acknowledgment:
Request a receipt or acknowledgment from the authority that confirms the date and time of submission, along with a unique identification number (if applicable).
Documents Required
- Identity Proof:
(e.g., Aadhaar Card, PAN Card) - Address Proof
- SSI Unit Registration Certificate:
(if applicable) - Business Plan or Project Report:
(if applicable) - Any Other Documents:
As required by the scheme guidelines.
Frequently Asked Questions
-
What is the objective of this scheme?
The scheme is designed to provide financial support for SSI units and other NFS activities, thereby enabling entrepreneurs to establish or expand their businesses. -
What is the maximum loan amount that can be availed?
Eligible applicants can obtain loans up to ₹1,00,000. -
What is the interest rate for the loan under this scheme?
The loan is offered at an interest rate of 13% per annum (subject to change). -
Who is eligible to apply for this loan scheme?
The scheme is open to residents of Tamil Nadu engaged in SSI unit operations or other non-farm sector activities. -
Is there an age limit specified for applicants?
No specific age limit is mentioned. -
Are there any income criteria that applicants must meet?
There are no specific income criteria mentioned for this scheme. -
How can an applicant apply for this loan?
Applications can be submitted offline by collecting the application form from the District Central Cooperative Banks or their branches, filling it out, and submitting it along with the required documents. -
Can the interest rate change over time?
Yes, the interest rate of 13% is subject to change. -
What documents are necessary to apply for this loan?
Applicants must provide identity proof, address proof, and if applicable, the SSI unit registration certificate, business plan or project report, along with any other documents specified. -
Who sponsors this loan scheme?
The scheme is sponsored by the Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu.