The “Large Sized Multi Purpose Cooperative Society: Jewel Loan (Interest Free)” scheme is an initiative of the Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu. This scheme provides interest-free jewel loans up to ₹1,00,000/- through Large Sized Multi Purpose Cooperative Societies (LSMPCS) to help citizens meet emergency or personal financial needs without any burden of interest repayment.
Key Highlights of TN Cooperative Society Loan Scheme
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Scheme Name: Interest-Free Jewel Loan Scheme through Large Sized Multi Purpose Cooperative Societies
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Launched By: Co-operation, Food and Consumer Protection Department, Tamil Nadu
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Loan Amount: Up to ₹1,00,000/-
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Interest: 0% (Interest-Free)
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Eligibility: Residents of Tamil Nadu who are members of LSMPCS
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Mode of Application: Offline through Special Officers of the respective Cooperative Society
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Purpose: To provide short-term financial assistance via pledged jewelry without interest burden
Benefits of the Scheme
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Loan Amount: Access to interest-free loans up to ₹1,00,000/- based on the value of gold pledged
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Zero Interest: Beneficiaries are not required to pay any interest on the jewel loan
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Easy Access: Loans available via Large Sized Multi Purpose Cooperative Societies located throughout Tamil Nadu
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No Processing Charges: Simple offline application process with minimal documentation
Eligibility Criteria
To avail of the scheme benefits;
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The applicant must be a resident of Tamil Nadu
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The applicant must be a registered member of a Large Sized Multi Purpose Cooperative Society (LSMPCS)
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The applicant must be willing to avail a jewel loan from the cooperative society
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The jewelry pledged must be genuine and must be appraised by a certified valuer
How to Apply – Offline Application
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Collect the Application Form:
Visit the concerned Large Sized Multi Purpose Cooperative Society and collect the jewel loan application form from the Special Officer. -
Fill the Form:
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Complete all mandatory fields
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Paste a passport-sized photograph (signed if required)
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Attach self-attested mandatory documents
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Submit the Application:
Submit the filled application form along with documents to the Special Officer. -
Get Acknowledgment:
Collect a receipt or acknowledgment slip with submission date, time, and application ID (if provided).
Essential Documents
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Identity Proof: Aadhaar Card, PAN Card, or Voter ID
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Address Proof: Ration Card, Utility Bill, or Aadhaar
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Jewelry Valuation Certificate: From an approved valuer
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Income Proof or Employment Certificate (if applicable)
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Any other document as requested by the Cooperative Society
Important Contact & Reference Links
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Visit or contact your local Cooperative Society for further guidance and application submission.
Frequently Asked Questions (FAQs)
Q: What is the purpose of this scheme?
A: To provide interest-free financial support through jewel loans to members of cooperative societies in Tamil Nadu.
Q: What is the maximum loan amount available?
A: You can get up to ₹1,00,000/- based on the jewelry valuation.
Q: Who is eligible to apply?
A: Any resident of Tamil Nadu who is a member of a Large Sized Multi Purpose Cooperative Society.
Q: Is there any interest charged on this loan?
A: No, the loan is completely interest-free.
Q: What documents are required?
A: Aadhaar, PAN, address proof, jewelry valuation certificate, and income proof if applicable.
Q: Who should be contacted for applying?
A: Contact the Special Officer of your local Large Sized Multi Purpose Cooperative Society.
Q: Is there an income limit to apply?
A: There is no specific income cap, but membership in the cooperative society is mandatory.
Q: Is the scheme open to all communities?
A: Yes, it is open to all eligible residents of Tamil Nadu who are cooperative members.
Q: Is there any age limit to apply?
A: No specific age limit is mentioned, but the applicant must be legally eligible to enter into a financial agreement.
