Sarkari Yojana
Employees Cooperative Societies Surety Loan
About Employees Cooperative Societies Surety Loan
Tamil Nadu’s Co-operation, Food and Consumer Protection Department introduced the “Employees Cooperative Societies Surety Loan” scheme, under which Employees Cooperative Societies offer surety loans of up to ₹1,50,000/- at 14% interest (subject to change). The scheme is meant to give eligible people access to credit for their financial needs.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Employees Cooperative Societies Surety Loan, applicants must satisfy the following conditions:
Only residents of Tamil Nadu can apply
Only residents of Tamil Nadu can apply.
The applicant must hold membership in an Employees…
The applicant must hold membership in an Employees Cooperative Society.
The applicant should wish to take an Employees…
The applicant should wish to take an Employees Cooperative Societies Surety loan.
Benefits Provided
Employees Cooperative Societies Surety Loan provides the following benefits to eligible applicants:
Access to Loan:
Members can obtain surety loans of as much as ₹1,50,000/-.
Interest Rate:
Charged at 14%, which may be revised.
Documents Required
Applicants should keep the following documents ready before starting the application:
A proof of identity such as Aadhaar or…
A proof of identity such as Aadhaar or PAN card.
A document confirming the applicant's address
A document confirming the applicant's address.
Evidence of employment or an Income Certificate (where…
Evidence of employment or an Income Certificate (where applicable).
Additional documents, if the society asks for them
Additional documents, if the society asks for them.
How to Apply
Offline Application
Applicants can apply for Employees Cooperative Societies Surety Loan through the offline application process outlined below.
Get the application form from the Secretary/ Special…
Get the application form from the Secretary/ Special Officer at the Employees Cooperative Society's office.
Complete every mandatory field, paste a passport-sized photograph…
Complete every mandatory field, paste a passport-sized photograph (signed across, if needed) and attach copies of the required documents (self-attested, if needed).
Hand in the completed and signed form along…
Hand in the completed and signed form along with the documents to the relevant authority.
Ask the authority receiving the application for a…
Ask the authority receiving the application for a receipt or acknowledgment, and make sure it shows the date and time of submission and a unique identification number (if applicable).
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.