District Central Cooperative Banks and through its Branches: For Revamped Micro Credit Loan for Women Vendors of Flower, Vegetable, Fruit etc.
Co-operation, Food and Consumer Protection Department
Last updated:
Overview
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%.
Details
The "District Central Cooperative Banks and through its Branches: For Revamped Micro Credit Loan for Women Vendors of Flower, Vegetable, Fruit, etc." scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, offers revamped micro-credit loans to women engaged in vending activities like selling flowers, vegetables, fruits, etc. The scheme allows women vendors to obtain a loan between ₹100/- to ₹5,000/- at an interest rate of 11% subject to change , supporting their businesses and enhancing their income generation opportunities.
Exclusions
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Benefits
• **Access to Micro-Loan:** ₹100/- to ₹5,000/-. - **Interest Rate:** 11% (subject to change).
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Eligibility Criteria
1. - The beneficiary should be a woman.
2. - The beneficiary should be a resident of Tamil Nadu.
3. - The beneficiary should be engaged in vending activities of flowers, vegetables, fruits, etc.
4. <br>
Required Documents
• Identity proof (Aadhaar, PAN card, etc.).
• Address proof.
• Proof of vending activity (if applicable).
• Any other documents (if required).
Frequently Asked Questions
Q: What is the objective of this scheme?
A: 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%.
Q: What is the purpose of the loan?
A: The purpose of this loan is to provide financial support to women vendors engaged in selling flowers, vegetables, fruits, and other similar products.
Q: Who is eligible to apply for this loan?
A: Women vendors involved in selling flowers, vegetables, fruits are eligible to apply.
Q: What is the maximum amount of loan available?
A: The maximum amount of loan available under this scheme is [?]5,000/-.
Q: What is the interest rate for the loan?
A: The loan has an interest rate of 11%, which is subject to change based on bank policies.
Q: Is there any age limit for applicants?
A: The scheme does not specify an age limit for applicants.
Q: What documents are required to apply for the loan?
A: Applicants are required to submit identity proof, address proof, and proof of vending activity (if necessary).
Q: How can applicants apply for the loan?
A: Applicants can visit the nearest District Central Cooperative Bank branch to apply for the loan.
Q: Is this financial support provided as a grant or loan?
A: This scheme provides financial support in the form of a loan, not a grant.
Q: Is this scheme available at all branches of the District Central Cooperative Banks?
A: Yes, this scheme is available through all District Central Cooperative Banks and their branches.
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>
Benefits
**Access to Micro-Loan:** ₹100/- to ₹5,000/-. - **Interest Rate:** 11% (subject to change).
<br>
Required Documents
| # | Document |
|---|---|
| 1 | Identity proof (Aadhaar, PAN card, etc.). |
| 2 | Address proof. |
| 3 | Proof of vending activity (if applicable). |
| 4 | Any other documents (if required). |
Frequently Asked Questions
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%.