What you get
- Access to Loan: Surety loans up to ₹1,50,000/-. - Interest Rate: 14% (subject to change).
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective of this scheme?
The scheme provides loans up to [?]1,50,000/- at an interest rate of 14%. It is aimed at assisting citizens by offering financial support through surety loans from the Employees Cooperative Societies.
What is the maximum loan amount available under the scheme?
The maximum loan amount offered under this scheme is [?]1,50,000/-.
What is the current rate of interest?
The current rate of interest is 14%, subject to change based on government policies.
Who sponsors the scheme?
The scheme is sponsored by the state government.
Who is eligible to avail of this scheme?
Eligible citizens who are members of an Employees Cooperative Society can apply for this scheme.
Is there any income limit for eligibility?
No specific income limit has been mentioned in the scheme's eligibility criteria.
What is the duration for loan repayment?
The loan repayment duration is determined by the cooperative society based on its regulations.
Is there any age restriction for applying?
No specific age restrictions have been mentioned for eligibility.
How can an applicant apply for the loan?
Applicants need to visit the Employees Cooperative Society and submit the necessary documents to the Secretary or Special Officer.
Are there any restrictions based on community or caste?
There are no community-based or caste-based restrictions mentioned in the scheme.