Program brief
| Form of support | Cash, paid into the bank account |
|---|---|
| Level | State, Tamil Nadu |
| Field | Banking,Financial Services and Insurance |
| How to apply | Offline |
Contents of this entry
Overview
The scheme offers citizens interest-free loans up to Rs. 1,00,000/- on jewels, helping them meet various financial needs without the burden of interest rates.
The "Large Sized Multi Purpose Coop. Society: Jewel Loan (Interest Free)" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide interest-free loans for up to Rs. 1,00,000/- through cooperative societies on jewel loans. The purpose is to offer financial relief without charging any interest on jewel loans, thus aiding citizens in managing expenses or urgent requirements.
Further facts from the listing
| Scheme for | Individual |
|---|---|
| DBT (direct bank transfer) | No |
Benefits
- Access to Loan: Loan up to Rs. 1,00,000/-.
- Interest Rate: No interest.
Eligibility
- Age
- 18 to 55 years
- State
- Tamil Nadu
- The beneficiary should be a resident of Tamil Nadu.
- The beneficiary should be a member of a Large Sized Multi Purpose Cooperative Society.
- The beneficiary should be interested to avail Jewel Loan from the Large Sized Multi Purpose Cooperative Society.
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 by contacting the Special Officer of the Large Sized Multi Purpose Cooperative Society.
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).
Region-wise Address and Contact Information of Large Sized Multipurpose Cooperative Societies: https://www.rcs.tn.gov.in/mpd_cooperative_4.php
Questions and answers
What is the objective of this scheme?
The scheme offers citizens interest-free loans up to Rs. 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 Rs. 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.
Official portal and guidelines
Applications are submitted only on the provider's own portal. jsrr.in does not accept forms, documents or fees.
Documents from the provider
- Guidelines tn.gov.in
jsrr.in is an independent index, not a funding agency or a government body. The provider's official call is final: confirm every condition, amount and date there, and do not pay anyone who offers to apply for you.
This entry reproduces the official listing and has not yet been rewritten or reviewed by our team. Read the official call before you apply.
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