CGFTS Term Loan
Term loan obtained under Credit Guarantee Fund Trust Scheme
T
States / UT: Tamil Nadu
Ministry / nodal: Agriculture
Department: Farmers Welfare Department
Nodal department: Farmers Welfare Department
Scheme for: Individual
Scheme profile
DBT (direct benefit transfer): No
Target beneficiaries: Manufacturers
Tags: Term Loan, Credit Guarantee, Manufacturers, Interest Subsidy, MSME, Tamil Nadu, Financial Support, Competitiveness, State Sponsored, Incentives, Entrepreneurs, Support Scheme
Details
The Term loan obtained under the Credit Guarantee Fund Trust Scheme is designed to provide financial support to manufacturers in the state. The scheme is sponsored by the state government and offers a funding pattern where 3% of the interest on the term loan is subsidized. This initiative aims to enhance the competitiveness of the manufacturing sector and support the growth of micro, small, and medium enterprises (MSMEs) in Tamil Nadu.
Anywhere in the State
Sponsored by: State
Funding pattern: 3% of the interest on term loan.
Scheme type: Download
Benefits
- - 3% interest subsidy on term loans
- Financial support for manufacturers
- Encouragement for competitiveness in the manufacturing sector
- 3% interest subsidy on term loans
- Financial support for manufacturers
- Encouragement for competitiveness in the manufacturing sector
Eligibility
Manufacturers in the state can apply for this scheme.
Application Process
Offline
To avail the benefits, manufacturers must apply through their respective financial institutions on a quarterly basis.
Documents Required
No document list is available for this scheme yet.
Official links
References
Apply
Apply nowOpens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.
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:
- Check eligibility criteria
- Collect required documents
- Fill the application form
- Submit the application online or at the relevant office
- Track application status