The Consumer Durables & Two-Wheeler Loan Scheme launched by the Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu, provides financial assistance through District Central Cooperative Banks (DCCBs) for purchasing consumer products like televisions, refrigerators, and two-wheelers. This initiative helps citizens meet essential household and mobility needs through easy and accessible loans.

Key Highlights of DCCB Loan for Consumer Durables

• Loan Type: Consumer Durable & Vehicle Loan

• Launched by: Govt of Tamil Nadu (Co-operation, Food and Consumer Protection Department)

• Implementing Agencies: District Central Cooperative Banks & Branches

• Eligible Items: T.V., Refrigerator, Two-Wheelers

• Loan Coverage: Up to 75% of product cost

• Interest Rate: 14% per annum (subject to change)

• Ceiling Limit: No upper ceiling on loan amount

• Mode of Application: Offline only

Benefits of the Scheme

• The loan covers 75% of the cost of eligible consumer items.

• No maximum cap on the loan amount.

• Applicable for electronics and vehicles commonly used in households.

• Easy access through Cooperative Banks across Tamil Nadu.

• Simplified documentation and offline process.

Eligibility Criteria

• Must be a resident of Tamil Nadu

• The loan must be used only for purchasing:

  • Television (TV)

  • Refrigerator (Fridge)

  • Two-Wheeler

• Applicant must satisfy any additional bank-specific conditions as prescribed at the branch level.

Application Process (Offline Only)

Step 1: Visit the nearest District Central Cooperative Bank or its authorized branches.

Step 2: Collect the application form for the Consumer Durable/Two-Wheeler Loan Scheme.

Step 3: Fill in all the mandatory fields, affix a passport-sized photograph, and attach self-attested copies of required documents.

Step 4: Submit the completed form and documents to the concerned officer.

Step 5: Ask for a submission receipt/acknowledgment, which should include the submission date and unique application number.

Necessary Documents

• Identity Proof (Aadhaar Card, PAN Card, Voter ID)

• Address Proof (Utility Bill, Ration Card, etc.)

• Product Cost Estimate / Quotation / Invoice (from an authorized dealer)

• Any other documents as required by the bank

Frequently Asked Questions (FAQs)

Q: What is the objective of this loan scheme?
A: To support Tamil Nadu residents in buying essential consumer durables and two-wheelers via affordable loans.

Q: How much of the product cost is covered?
A: Up to 75% of the product value is provided as a loan.

Q: Is there a loan limit?
A: No upper ceiling has been specified.

Q: What is the interest rate?
A: The loan is offered at 14% interest (subject to revision).

Q: What products are covered under this scheme?
A: TV, Fridge, and Two-Wheelers only.

Q: Can anyone in Tamil Nadu apply?
A: Yes, all residents of Tamil Nadu are eligible, subject to bank verification.

Q: Are there income limits or criteria?
A: Not explicitly mentioned, but banks may assess repayment capacity before sanctioning the loan.

Q: What happens if the borrower defaults on the loan?
A: Standard bank recovery and penalty procedures will apply.

Q: Is there a processing fee?
A: This varies by bank and must be confirmed at the respective branch.

Q: What is the tenure for repayment?
A: It depends on the bank’s policy and may vary by loan size and applicant profile.

References & Important Links

• Tamil Nadu Co-operation, Food and Consumer Protection Department

• [District Central Cooperative Banks Portal (if applicable)]

• Scheme Guidelines (Internal Circulars from Banks)