DCCBSSI

District Central Cooperative Banks and through its Branches: For SSI Unit Loan and Other NFS Activities

This scheme provides financial assistance for SSI unit loans and other Non-Farm Sector (NFS) activities through District Central Cooperative Banks and their branches.

State Cash

States / UT: Tamil Nadu

Nodal department: Co-operation, Food and Consumer Protection Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Banking,Financial Services and Insurance, Agriculture,Rural & Environment

Sub-categories: Loan

Target beneficiaries: Industries

Tags: SSI Unit Loan, Non-Farm Sector Activities, Agriculture, Industries

Details

The "District Central Cooperative Banks and through its Branches: For SSI Unit Loan and Other NFS Activities" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to support small-scale industries (SSI) and other NFS activities by providing loans up to ₹1,00,000 at an interest rate of 13% (subject to change).

Benefits

  • - Access to Loan: Up to ₹1,00,000/-.- Interest Rate: 13% (subject to change)
  • Access to Loan: Up to ₹1,00,000/-.- Interest Rate: 13% (subject to change).

Eligibility

  • 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.

Exclusions


Application Process

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).

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

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.

References

Apply

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status