About this banking scheme
The scheme offers citizens interest-free loans up to Rs. 1,00,000/- on jewels, helping them meet various financial needs without the burden of interest rates.
The "Large Sized Multi Purpose Coop. Society: Jewel Loan (Interest Free)" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide interest-free loans for up to Rs. 1,00,000/- through cooperative societies on jewel loans. The purpose is to offer financial relief without charging any interest on jewel loans, thus aiding citizens in managing expenses or urgent requirements.
Benefits at a glance
| Scheme name | Large Sized Multi Purpose Coop. Society: Jewel Loan (Interest Free) (LSMPCJL) |
|---|---|
| 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 | rcs.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: Loan up to Rs. 1,00,000/-.
- Interest Rate: No interest.
Who qualifies
- The beneficiary should be a resident of Tamil Nadu.
- The beneficiary should be a member of a Large Sized Multi Purpose Cooperative Society.
- The beneficiary should be interested to avail Jewel Loan from the Large Sized Multi Purpose Cooperative Society.
Who is not eligible
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Papers to keep ready
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Registration walkthrough
Offline
Step 1: The interested applicant should collect the application form by contacting the Special Officer of the Large Sized Multi Purpose Cooperative Society.
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).
Region-wise Address and Contact Information of Large Sized Multipurpose Cooperative Societies: https://www.rcs.tn.gov.in/mpd_cooperative_4.php
Frequently asked questions
What is the objective of this scheme?
The scheme offers citizens interest-free loans up to Rs. 1,00,000/- on jewels, helping them meet various financial needs without the burden of interest rates.
What is the maximum amount one can receive under this scheme?
The scheme allows citizens to receive a maximum of Rs. 1,00,000/- as an interest-free loan.
Who is eligible to apply for the scheme?
Any resident who is a member of a Large Sized Multi Purpose Cooperative Society is eligible to apply.
Is there any interest charged on the loan?
No, the scheme provides loans without charging any interest.
What documents are required to apply for the loan?
Applicants need to provide identity proof, address proof, a jewelry valuation certificate, and other required documents as directed.
How is the loan amount determined?
The loan amount is based on the assessed value of the jewelry pledged as collateral.
Who should be contacted for the loan application?
Applicants should reach out to the Special Officer of the respective Cooperative Society to apply.
Is there a specific income limit to be eligible for the scheme?
The scheme does not mention any specific income limit for eligibility.
Is the scheme open to all communities?
Yes, the scheme is open to citizens of all communities.
Is there an age limit for applying to the scheme?
The scheme does not specify an upper age limit for applicants.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines www.tn.gov.in
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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