The Employees Cooperative Societies Surety Loan Scheme 2025 is a financial assistance initiative introduced by the Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu. This scheme aims to provide accessible funding through surety-based loans for eligible employees who are members of Employees Cooperative Societies.
With a loan ceiling of ₹1,50,000/- and a nominal interest rate, the scheme is designed to support individuals in need of urgent or personal financial assistance, all while promoting the cooperative movement in the state.
Benefits of the ECSSL Scheme
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Loan Amount: Eligible members can avail surety loans up to ₹1,50,000/-
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Interest Rate: 14% per annum (subject to change based on state policy)
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Loan Type: Surety-based loan through registered Employees Cooperative Societies
This scheme allows members to access quick financial support without requiring collateral, relying instead on cooperative surety structures.
Eligibility Criteria
To apply for the Employees Cooperative Societies Surety Loan Scheme in Tamil Nadu, the applicant must;
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Be a permanent resident of Tamil Nadu
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Be a member of a registered Employees Cooperative Society
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Express willingness to avail of financial assistance under the surety loan structure
Note: There is no specified income cap or age limit unless otherwise notified by the cooperative society. It is best to confirm with your respective society for any additional conditions.
How to Apply – Offline Application Process
As of 2025, the application process is offline only. Here’s a step-by-step guide;
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Collect Application Form:
Visit your respective Employees Cooperative Society office and request the official loan application form from the Secretary or Special Officer. -
Fill in the Form:
Complete all required details. Attach a passport-size photograph (signed across if required) and self-attested copies of necessary documents. -
Submit the Form:
Submit the completed application and supporting documents to the designated authority in the society office. -
Get Acknowledgement:
Collect a receipt or acknowledgment slip with the date, time of submission, and any reference number or tracking ID (if applicable).
Necessary Documents for Application
The following documents are generally required for processing your loan application;
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Identity Proof (Aadhaar Card, PAN Card, etc.)
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Address Proof (Utility bill, Ration Card, etc.)
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Proof of Employment or Income Certificate (as per society rules)
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Any other documents as specified by the cooperative society
Frequently Asked Questions (FAQs)
Q: What is the objective of the Employees Cooperative Societies Surety Loan Scheme?
A: The scheme aims to provide financial support to cooperative society members through surety-based loans for personal or emergency needs.
Q: What is the maximum loan amount?
A: Eligible members can avail loans up to ₹1,50,000.
Q: What is the current interest rate?
A: The interest rate is 14% per annum (subject to change).
Q: Who sponsors this scheme?
A: It is implemented by the Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu.
Q: Who can apply for this scheme?
A: Any resident of Tamil Nadu who is a member of an Employees Cooperative Society.
Q: Is there any income restriction to apply?
A: No specific income limit is mentioned, but society-specific rules may apply.
Q: What is the repayment duration?
A: The repayment terms may vary by society. Applicants should check with their respective cooperative society.
Q: Is this scheme available to all communities?
A: Yes, the scheme is open to all eligible members, regardless of caste or community.
Q: Can I apply online?
A: As of now, the scheme is available through offline mode only.
