What you get
- Access to Loan: Loan up to ₹1,00,000/-. - Interest Rate: No interest.
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 offers citizens interest-free loans up to [?]1,00,000/- on jewels, helping them meet various financial needs without the burden of interest rates.
What is the maximum amount one can receive under this scheme?
The scheme allows citizens to receive a maximum of [?]1,00,000/- as an interest-free loan.
Who is eligible to apply for the scheme?
Any resident who is a member of a Large Sized Multi Purpose Cooperative Society is eligible to apply.
Is there any interest charged on the loan?
No, the scheme provides loans without charging any interest.
What documents are required to apply for the loan?
Applicants need to provide identity proof, address proof, a jewelry valuation certificate, and other required documents as directed.
How is the loan amount determined?
The loan amount is based on the assessed value of the jewelry pledged as collateral.
Who should be contacted for the loan application?
Applicants should reach out to the Special Officer of the respective Cooperative Society to apply.
Is there a specific income limit to be eligible for the scheme?
The scheme does not mention any specific income limit for eligibility.
Is the scheme open to all communities?
Yes, the scheme is open to citizens of all communities.
Is there an age limit for applying to the scheme?
The scheme does not specify an upper age limit for applicants.