Details

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 ₹10,00,000/- as a loan at a competitive interest rate of 13%.

Benefits

Access to Loan: ₹10,00,000/-.

Interest Rate: 13% (subject to change).

Eligibility

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

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).

Documents Required

Identity proof (Aadhaar, PAN card, etc.).

Address proof.

Proof of professional qualification/ Self-Employment.

Any other documents (if required).