Tamil Nadu State Loan for Muslims and Christians marked as OBCs with an interest rate of just 6% PA

Below is the scheme details from Tamil Nadu Government website

Concerned Department:BC, MBC & Minorities Welfare Department
Concerned District:All Districts
Organisation Name:Backward Classes Welfare Directorate
Scheme Details
Title / Name:Individual Term Loan Scheme For Minorities
Associated Scheme:
Sponsored By:State
Funding Pattern:
Benefits Types:Grants
Eligibility criteria
Other Details:Age limit above 18 years. Loan will be sanctioned for 1 person in a family. Minorities are eligible. (Religious) Muslims, Christians, Sikhs, Buddhists, and Parsis, are eligible to apply.Documents to be produced 1.Income and Community Certificates. 2. Ration Card or Residency Certificate and other documents required by the banks.
How To Avail:TAMCO, 807, Anna Salai, Vth Floor, Chennai-2 (or) District Backward Classes and Minorities Welfare Officer of the District concerned (or) Regional Joint Registrar of Co-op. Societies (or) District Central Co-operative Bank and its branches / Urban Co-op. Bank / viable Primary Agricultural Co-operative Bank
Validity of the Scheme
Introduced On:May 07, 2012
Valid Upto:Dec 31, 2016
Description:The loan amount upto Rs.1,00,000/- is sanctioned at 6percent rate of interest for business / project. The loan amount more than Rs.1,00,000/- and upto Rs.5,00,000/- is sanctioned after getting approval of NMDFC, New Delhi. The loan contribution pattern is as follows NMDFC 85percent TAMCO 10percent Beneficiary 5percent This loan is given through the District Central Co-operative Bank, its branches / Urban Co-operative Bank / viable Primary Agricultural Co-operative Bank. The loan is repayable in 60 monthly installments

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