District Central Cooperative Banks and through its Branches: For Revamped Micro Credit Loan for Women Vendors of Flower, Vegetable, Fruit etc.
At a Glance
Scheme Category
Banking,Financial Services and Insurance,Business & Entrepreneurship,Micro finance
Target Beneficiaries
Individual
Brief Description
The scheme provides revamped micro credit loans through District Central Cooperative Banks to support women vendors selling flowers, vegetables, fruits etc. Loans range from ₹100/- to ₹5,000/- with an interest rate of 11%.
Benefit Type
Cash
Eligibility Criteria
- The beneficiary should be a woman. - The beneficiary should be a resident of Tamil Nadu. - The beneficiary should be engaged in vending activities of flowers, vegetables, fruits, etc. <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. Proof of vending activity (if applicable). Any other documents (if required).
FAQs
What is the objective of this scheme?
The scheme provides revamped micro credit loans through District Central Cooperative Banks to support women vendors selling flowers, vegetables, fruits etc. Loans range from ₹100/- to ₹5,000/- with an interest rate of 11%.
What is the purpose of the loan?
The purpose of this loan is to provide financial support to women vendors engaged in selling flowers, vegetables, fruits, and other similar products.
Who is eligible to apply for this loan?
Women vendors involved in selling flowers, vegetables, fruits are eligible to apply.
What is the maximum amount of loan available?
The maximum amount of loan available under this scheme is ₹5,000/-.
What is the interest rate for the loan?
The loan has an interest rate of 11%, which is subject to change based on bank policies.
Is there any age limit for applicants?
The scheme does not specify an age limit for applicants.
What documents are required to apply for the loan?
Applicants are required to submit identity proof, address proof, and proof of vending activity (if necessary).
How can applicants apply for the loan?
Applicants can visit the nearest District Central Cooperative Bank branch to apply for the loan.
Is this financial support provided as a grant or loan?
This scheme provides financial support in the form of a loan, not a grant.
Is this scheme available at all branches of the District Central Cooperative Banks?
Yes, this scheme is available through all District Central Cooperative Banks and their branches.