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

DCCBFWE

Revised Official listing text, not yet reviewedHow entries are compiled

Program brief

Form of supportCash, paid into the bank account
Meant forEntrepreneurs, Women
LevelState, Tamil Nadu
FieldBanking,Financial Services and Insurance
How to applyOffline
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Contents of this entry
  1. Overview
  2. Benefits
  3. Eligibility
  4. Documents
  5. Application steps
  6. Questions and answers

Overview

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

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

The "District Central Cooperative Banks and through its Branches: For Women Entrepreneurs" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial support through loans. Women entrepreneurs can obtain loans up to Rs. 5,00,000/- with a 12% interest rate.

Further facts from the listing

Scheme forIndividual
DBT (direct bank transfer)No

Benefits

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

Eligibility

Gender
Female
State
Tamil Nadu
  • The beneficiary should be a resident of Tamil Nadu.
  • The beneficiary should be a woman entrepreneur.

Who cannot apply

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Documents

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Application steps

Offline

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).

Questions and answers

What is the objective of this scheme?

The scheme aims to provide loans of up to Rs. 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 Rs. 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.

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