The Jewel Loan Scheme offered by District Central Cooperative Banks and their Branches in Tamil Nadu provides financial support to residents by allowing them to pledge gold jewelry in exchange for a secured loan. Launched by the Co-operation, Food and Consumer Protection Department, this scheme ensures easy access to credit for urgent personal or business needs with minimal documentation.
Key Highlights of TN Jewel Loan 2025
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Scheme Name: Jewel Loan Scheme by DCCBs
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State: Tamil Nadu
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Implemented By: Co-operation, Food and Consumer Protection Department
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Loan Type: Secured loan against pledged gold/jewelry
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Loan Amount: Up to ₹1,00,000/-
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Interest Rate: 12% (Subject to revision by bank)
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Mode of Application: Offline only
Benefits of the Scheme
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Loan Access: Pledge gold to obtain a loan up to ₹1 lakh
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Quick Processing: Faster disbursal with basic documentation
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Fixed Interest Rate: 12% per annum (subject to change as per bank norms)
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No income criteria: Accessible even to low-income households
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Wide Reach: Available through District Central Cooperative Banks and branches across Tamil Nadu
Eligibility Criteria
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The applicant must be a resident of Tamil Nadu
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The loan is applicable only for pledged jewelry (gold)
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Applicant must agree to pledge gold ornaments as collateral for the loan
How to Apply – Offline Application Steps
Step 1: Visit your nearest District Central Cooperative Bank (DCCB) branch and collect the Jewel Loan application form.
Step 2: Fill out all mandatory details, affix a passport-sized photograph, and self-attest the required documents.
Step 3: Submit the filled form along with documents and the gold ornaments for valuation.
Step 4: Obtain a receipt or acknowledgment slip after submission. It should include the date, time, and application/reference number.
Note: The gold ornaments will be valued by the bank’s appraiser to determine the eligible loan amount.
Essential Documents
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Identity Proof (Aadhaar Card, PAN Card, Voter ID, etc.)
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Address Proof (Ration Card, Electricity Bill, Driving License, etc.)
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Gold Valuation Certificate (provided by the bank’s approved valuer)
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Any additional documents as requested by the bank
FAQs
Q: What is the objective of the Jewel Loan Scheme?
To provide quick, secured loans to Tamil Nadu residents against pledged gold ornaments.
Q: What is the maximum loan amount under this scheme?
Up to ₹1,00,000/-.
Q: What is the applicable interest rate?
The loan carries a 12% interest rate, subject to change by the bank.
Q: Who is eligible to apply?
Any resident of Tamil Nadu who owns gold jewelry and agrees to pledge it.
Q: Is there an income limit to apply for this loan?
No, there is no income restriction for this scheme.
Q: What documents are needed?
Identity proof, address proof, and a gold valuation certificate.
Q: Where can I apply?
At any District Central Cooperative Bank or its branch across Tamil Nadu.
Q: Is there a minimum amount that can be borrowed?
Minimum limits may vary per bank policy, but are usually flexible based on valuation.
Q: Is the interest rate fixed?
It is currently fixed at 12%, but may be revised based on bank policies.
Q: Is there any processing fee involved?
This varies from bank to bank; applicants should check with the concerned branch.
Sources and References
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Official Guidelines from the Co-operation, Food and Consumer Protection Department, Tamil Nadu
