About this banking scheme
This scheme provides professional loans to doctors, engineers, and self-employed professionals through District Central Cooperative Banks. The maximum loan amount is Rs. 10,00,000 at an interest rate of 13% (subject to change).
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 Rs. 10,00,000/- as a loan at a competitive interest rate of 13%.
Benefits at a glance
| Scheme name | District Central Cooperative Banks and through its Branches: For Professional Loan to Doctors, Engineers and Self Employed Professional (DCCBFPL) |
|---|---|
| Launched by | Co-operation, Food and Consumer Protection Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | State · Tamil Nadu |
| Official portal | tn.gov.in (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Age | 18 to 55 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 55 years
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Access to Loan: Rs. 10,00,000/-.
- Interest Rate: 13% (subject to change).
Who qualifies
- 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.
Papers to keep ready
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Registration walkthrough
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).
Frequently asked questions
What is the objective of this scheme?
This scheme provides professional loans to doctors, engineers, and self-employed professionals through District Central Cooperative Banks. The maximum loan amount is Rs. 10,00,000 at an interest rate of 13% (subject to change).
Who is eligible for the loan?
Doctors, engineers, and self-employed professionals are eligible to apply for this loan.
What is the maximum loan amount that can be availed?
The maximum loan amount under this scheme is Rs. 10,00,000/-.
What is the applicable interest rate for the loan?
The loan is offered at an interest rate of 13%, although this is subject to change.
What documents are required to apply for the loan?
Applicants must submit identity proof, professional qualification certificates, and other supporting documents if required.
Is there an age limit for applying to this scheme?
No specific age restrictions have been mentioned for this loan.
How can one apply for the loan?
Applications can be submitted through District Central Cooperative Banks and their respective branches.
For what purposes can the loan be used?
The loan is intended for professional growth, including investment in tools, technology, or other professional needs.
Are there any community-based restrictions on eligibility?
No, the loan is available to all residents of the state regardless of community.
Is collateral required to secure the loan?
Collateral requirements depend on the policies of the respective bank, and applicants should inquire directly at the bank.
Is there a validity period for this loan scheme?
No specific validity period is mentioned for the scheme, but it is subject to bank policies.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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