This scheme, launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial support to working women. It offers loans up to ₹20,000/- at a nominal interest rate of 12% through District Central Cooperative Banks and their branches. The initiative seeks to empower women by facilitating easier access to credit for both professional and personal growth.
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Key Benefits
- Loan Amount: Up to ₹20,000/-
- Interest Rate: 12% (subject to change)
Eligibility Criteria
To be eligible for this scheme, the applicant must:
- Be a resident of Tamil Nadu.
- Be a working woman.
Application Process (Offline)
- Collect the Application Form:
Obtain the application form from District Central Cooperative Banks or their branches. - 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 required documents to the concerned authority. - Obtain a Receipt:
Request a receipt or acknowledgment that includes 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 Employment or Work-Related Documents
- Other Documents: As specified by the concerned authority (if required)
Frequently Asked Questions
- What is the objective of this scheme?
To provide financial support to working women by offering a loan facility. - What is the maximum loan amount available?
The maximum loan amount is ₹20,000/-. - What is the interest rate for the loan?
The interest rate is set at 12% (subject to change). - Who is eligible for this scheme?
Any resident of Tamil Nadu who is a working woman. - How can one apply for this loan?
By collecting and submitting the application form along with the necessary documents to the designated authority. - Is there an age limit to apply for this scheme?
The scheme does not specify an age limit. - What documents are required for the application?
Required documents include identity proof, address proof, and proof of employment or work-related documents. - Is the interest rate fixed?
The interest rate is currently 12% but is subject to change. - Are there any income criteria for eligibility?
No specific income criteria have been mentioned.