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Banking,Financial Services and InsuranceState/ UT Level

District Central Cooperative Banks and through its Branches: For Women Entrepreneurs

The scheme aims to provide loans of up to ₹5,00,000/- at an interest rate of 12% (subject to change) for women entrepreneurs through District Central Cooperative Banks and its branches.

Authority

State/ UT

Region

Tamil Nadu

Status

Active / Open

Updated

Recently Verified

What are the Benefits?

- Access to Loan: Up to ₹5,00,000/-.- Interest Rate: 12% (subject to change).

Who is Eligible?

The beneficiary should be a resident of Tamil Nadu.; The beneficiary should be a woman entrepreneur.

Required Documents

Aadhaar Card
PAN Card
Income Certificate
Residence Proof (Domicile)

Common Questions

What is the objective of this scheme?

The scheme aims to provide loans of up to [?]5,00,000/- at an interest rate of 12% (subject to change) for women entrepreneurs through District Central Cooperative Banks and its branches.

Who is eligible for this scheme?

Women entrepreneurs of the state are eligible for this scheme.

What is the maximum loan amount one can receive?

The maximum loan amount under this scheme is [?]5,00,000/-.

What is the interest rate on the loan?

The interest rate for the loan is 12%, subject to change.

What documents are required to apply?

Applicants need to submit identity proof, address proof, proof of business ownership etc.

Where should one submit the application?

The application should be submitted at the nearest District Central Cooperative Bank or its branches.

Is there an age limit for applying to this scheme?

There is no specific age limit mentioned for applicants under this scheme.

What happens if an applicant misses a loan installment?

In case of a missed installment, late fees or penalties may apply as per the bank's regulations.

Are there any additional charges or fees involved?

Standard processing charges or fees as per bank policy may be applicable.