District Central Cooperative Banks and through its Branches: For Professional Loan to Doctors, Engineers and Self Employed Professional
About this Scheme
This scheme provides professional loans to doctors, engineers, and self-employed professionals through District Central Cooperative Banks. The maximum loan amount is âš10,00,000 at an interest rate of 13% (subject to change).
About This Scheme
The “District Central Cooperative Banks and through its Branches: For Professional Loan to Doctors, Engineers and Self Employed Professional” scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, offers financial assistance to professionals such as doctors, engineers, and self-employed individuals to help them expand or enhance their professional activities. Applicants can receive up to âš10,00,000/- as a loan at a competitive interest rate of 13%.
Benefits
Access to Loan: âš10,00,000/-.
Interest Rate: 13% (subject to change).
Eligibility Criteria
The beneficiary should be a Doctor/ Engineer/ Self-Employed Professional.
The beneficiary should be a resident of Tamil Nadu.
Loans should be applicable only for professional purposes.
Application Process
Apply 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).
Official Source: View on myScheme.gov.in
Scheme Benefits
- Access to Loan: âš10,00,000/-.
- Interest Rate: 13% (subject to change).