The “District Central Cooperative Banks and through its Branches: For Women Entrepreneurs” scheme, launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial support to women entrepreneurs. This scheme offers loans up to ₹5,00,000/- at an interest rate of 12% (subject to change), helping women to establish or expand their businesses.
Benefits
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Access to Loan:
Women entrepreneurs can obtain loans up to ₹5,00,000/-. -
Interest Rate:
The loan is provided at a competitive interest rate of 12%.
Eligibility
- The beneficiary must be a resident of Tamil Nadu.
- The beneficiary must be a woman entrepreneur.
Application Process
Offline
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Collect the Application Form:
Visit the District Central Cooperative Banks or their branches to collect the application form. -
Fill the Form:
Complete the form by filling in all the mandatory fields, paste a passport-sized photograph (signed across, if required), and attach copies of all the required documents (self-attested if necessary). -
Submit the Form:
Submit the duly filled and signed application form along with the necessary documents to the concerned authority. -
Receipt:
Obtain a receipt or acknowledgment that includes essential details such as the date and time of submission and a unique identification number (if applicable).
Documents Required
- Identity Proof (Aadhaar, PAN card, etc.)
- Address Proof
- Proof of Business Ownership/Registration
- Any additional documents as required by the authority
Frequently Asked Questions
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What is the objective of this scheme?
To provide financial support to women entrepreneurs by offering loans up to ₹5,00,000/- at a competitive interest rate. -
Who is eligible for this scheme?
The scheme is available for women entrepreneurs who are residents of Tamil Nadu. -
What is the maximum loan amount one can receive?
Loans up to ₹5,00,000/- can be availed under this scheme. -
What is the interest rate on the loan?
The interest rate is 12% (subject to change). -
What documents are required to apply?
Applicants must submit identity proof, address proof, and proof of business ownership or registration, among other documents. -
Where should one submit the application?
The application must be submitted at the District Central Cooperative Banks or their branches. -
Is there an age limit for applying to this scheme?
The scheme details do not specify an age limit. -
What happens if an applicant misses a loan installment?
Specific procedures for missed installments, including penalties or fees, are determined by the lending authority. -
Are there any additional charges or fees involved?
Any additional charges or fees will be communicated by the concerned authority during the application process.