The “Large Sized Multi Purpose Coop. Society For Interest Free Loan” scheme is launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, to promote economic empowerment among citizens. This initiative provides eligible individuals with interest-free loans of up to ₹45,000, thereby easing financial burdens and encouraging financial inclusion through cooperative societies.
Benefits
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Access to Loan:
Eligible applicants can receive an interest-free loan of up to ₹45,000. -
No Interest Charges:
The loan is provided completely without any interest, making it an attractive financial assistance option.
Eligibility
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Residency:
The beneficiary must be a resident of Tamil Nadu. -
Membership:
The beneficiary should be a member of a Large Sized Multi Purpose Cooperative Society. -
Interest:
The beneficiary should be interested in availing a loan from the cooperative society.
Application Process
Offline Process:
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Collection of Application Form:
Contact the Special Officer of the Large Sized Multi Purpose Cooperative Society to obtain the application form. -
Completing the Form:
Fill in all the mandatory fields, attach a passport-sized photograph (signed if required), and include copies of all mandatory documents (self-attested as necessary). -
Submission:
Submit the completed and signed application form along with the required documents to the concerned authority. -
Acknowledgment:
Request a receipt or acknowledgment from the authority confirming the submission. Ensure that the receipt contains the date, time, and a unique identification number (if applicable).
For region-wise address and contact details of the cooperative societies, visit: Regional Cooperative Societies, TN.
Documents Required
- Identity Proof (e.g., Aadhaar Card, PAN Card, etc.)
- Address Proof
- Proof of Employment or Income Certificate (if applicable)
- Any additional documents as specified by the department
Frequently Asked Questions
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What is the objective of this scheme?
To provide interest-free financial assistance to eligible citizens via cooperative societies, promoting economic empowerment and easing financial burdens. -
Who can apply for this loan?
Any individual who is a resident of Tamil Nadu and a member of a Large Sized Multi Purpose Cooperative Society. -
What is the maximum loan amount offered?
Loans up to ₹45,000 are provided under this scheme. -
Is there any interest charged on the loan?
No, the loan is completely interest-free. -
What documents are required to apply for the loan?
Applicants must provide identity proof, address proof, proof of employment or income (if applicable), and any other documents as required by the department. -
How can an applicant apply for the loan?
Applicants must collect the application form from the designated Special Officer, fill it out with the required details and documents, and then submit it offline. -
Is there an age limit to avail of this scheme?
The scheme does not specify an age limit; eligibility is based on membership in the cooperative society and residency in Tamil Nadu. -
Are there any community-specific criteria for eligibility?
No, the scheme is open to all eligible members of the cooperative society, regardless of community. -
Are there any fees associated with the application process?
There is no application fee mentioned for this scheme. -
Who can applicants contact for more details?
Applicants can contact the Special Officer of their respective Large Sized Multi Purpose Cooperative Society for further assistance