This scheme, launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, is designed to provide financial relief by offering interest-free loans on jewel loans through cooperative societies. It helps citizens manage expenses or urgent financial requirements without the burden of interest.
Key Benefits
- Loan Amount: Up to ₹1,00,000/-
- Interest: 0% (Interest Free)
Eligibility Criteria
To be eligible for the scheme, the applicant must:
- Be a resident of Tamil Nadu.
- Be a member of a Large Sized Multi Purpose Cooperative Society.
- Have an interest in availing a Jewel Loan from the society.
Application Process (Offline)
- Collect the Application Form: Contact the Special Officer of the Large Sized Multi Purpose Cooperative Society to obtain the form.
- Complete the Form: Fill in all mandatory fields, attach a passport-sized photograph (signed if required), and include all necessary documents.
- Submit the Form: Submit the duly filled and signed form along with the documents to the concerned authority.
- Obtain a Receipt: Ensure you receive a receipt or acknowledgment that includes the submission date, time, and a unique identification number (if applicable).
Documents Required
- Identity Proof: Aadhaar, PAN card, etc.
- Address Proof
- Jewelry Valuation Certificate
- Proof of Employment or Income Certificate (if applicable)
- Other Documents: As specified by the concerned authority (if required).
Frequently Asked Questions
- What is the objective of this scheme?
To provide financial relief through interest-free jewel loans. - What is the maximum loan amount?
The maximum amount is ₹1,00,000/-. - Who is eligible to apply?
Residents of Tamil Nadu who are members of a Large Sized Multi Purpose Cooperative Society and are interested in availing a jewel loan. - Is any interest charged on the loan?
No, the loan is provided on an interest-free basis. - What documents are needed?
Identity proof, address proof, jewelry valuation certificate, proof of employment/income, and any other required documents. - How is the loan amount determined?
Based on the evaluation of the jewelry and the guidelines of the scheme. - Who should be contacted for the loan application?
The Special Officer of the Large Sized Multi Purpose Cooperative Society. - Is there an income limit?
There is no specific income limit mentioned. - Is the scheme open to all communities?
Yes, provided the eligibility criteria are met. - Is there an age limit?
The scheme does not specify an age limit.