District Central Cooperative Banks and through its Branches: For SSI Unit Loan and Other NFS Activities
At a Glance
Scheme Category
Banking,Financial Services and Insurance,Agriculture,Rural & Environment,Loan
Target Beneficiaries
Industries
Brief Description
This scheme provides financial assistance for SSI unit loans and other Non-Farm Sector (NFS) activities through District Central Cooperative Banks and their branches.
Benefit Type
Cash
Eligibility Criteria
- The beneficiary should be a resident of Tamil Nadu. - Loans should be applicable only for small-scale industries (SSI) Unit and Other Non-Farm Sector (NFS) Activities. <br>
Application Mode
Offline
Application Process
Step 1: The interested applicant should collect the application form from the District Central Cooperative Banks or its branches. Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required). Step 3: Submit the duly filled and signed application form along with the documents to the concerned authority.. Step 4: Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, a unique identification number (if applicable).
Required Documents
- Identity proof (Aadhaar, PAN card, etc.). Address proof. Small-scale industries (SSI) Unit registration (if applicable). Business Plan or Project Report (if applicable). Any other documents (if required).
FAQs
What is the objective of this scheme?
This scheme provides financial assistance for SSI unit loans and other Non-Farm Sector (NFS) activities through District Central Cooperative Banks and their branches.
What is the maximum loan amount that can be availed?
Under this scheme, applicants can avail of a loan amount of up to ₹1,00,000/-.
What is the interest rate for the loan under this scheme?
The interest rate for the loan is set at 13%, although it is subject to change.
Who is eligible to apply for this loan scheme?
Any citizen who intends to start or expand an SSI unit or engage in NFS activities is eligible to apply.
Is there an age limit specified for applicants?
No specific age limit has been mentioned for this scheme.
Are there any income criteria that applicants must meet?
There are no specific income criteria set for eligibility under this scheme.
How can an applicant apply for this loan?
To apply, an applicant should visit the nearest District Central Cooperative Bank or one of its branches.
Can the interest rate change over time?
Yes, the interest rate is subject to change based on updates to bank policies.
What documents are necessary to apply for this loan?
Applicants must provide proof of identity, proof of address, a business plan, and bank statements. Additional documents may be required based on bank guidelines.
Who sponsors this loan scheme?
This loan scheme is sponsored by the state government to promote SSI units and NFS activities.