To support women from economically weaker sections involved in small-scale vending, the Government of Tamil Nadu has launched the Revamped Micro Credit Loan Scheme through District Central Cooperative Banks and their branches. This initiative provides micro-loans ranging from ₹100 to ₹5,000 at a subsidized interest rate of 11%, empowering women vendors selling flowers, vegetables, fruits, and other goods to sustain and grow their businesses.
Highlights of TN Micro Credit Loan for Women Vendors
• Scheme Name: Revamped Micro Credit Loan Scheme for Women Vendors
• Department: Co-operation, Food and Consumer Protection Department, Tamil Nadu
• Implementing Bank: District Central Cooperative Banks (and Branches)
• Loan Amount: ₹100 to ₹5,000
• Interest Rate: 11% (subject to revision)
• Application Mode: Offline
• Target Group: Women engaged in street vending of perishable goods
Key Benefits of the Scheme
• Quick Financial Support: Micro-loans between ₹100 and ₹5,000
• Affordable Interest: 11% annual interest (subject to change by the bank)
• Business Empowerment: Helps women vendors maintain or scale up their small vending businesses
• Easy Access: Available through nearby Cooperative Bank branches
Eligibility Criteria
Women applicants must meet the following conditions:
• Must be a resident of Tamil Nadu
• Must be a woman (18 years or above)
• Should be engaged in vending activities, including selling flowers, fruits, vegetables, etc.
• Should use the loan exclusively for business purposes
How to Apply – Offline Procedure
• Step 1: Visit the nearest District Central Cooperative Bank or any of its branches
• Step 2: Collect and fill out the loan application form with accurate personal and business details
• Step 3: Paste a passport-size photo and attach self-attested copies of required documents
• Step 4: Submit the form and documents to the designated bank official
• Step 5: Collect an acknowledgment receipt with submission date and reference number (if applicable)
Essential Documents
• Valid Identity Proof (Aadhaar, Voter ID, or PAN card)
• Address Proof (Ration card, utility bill, etc.)
• Proof of vending activity (if available) – such as vendor ID, local license, or business certificate
• Passport-size photograph
• Any other document as required by the bank
Commonly Asked Questions
Q: Who is eligible for the Micro Credit Loan Scheme?
A: Women residents of Tamil Nadu engaged in vending activities like selling vegetables, fruits, or flowers are eligible.
Q: What is the loan amount range under this scheme?
A: The scheme provides micro-loans from ₹100 to ₹5,000.
Q: What is the interest rate charged?
A: The interest rate is 11% per annum, subject to periodic updates.
Q: Can I apply online for this loan?
A: No. The application process is currently offline and must be done through District Central Cooperative Bank branches.
Q: Is collateral required to avail this loan?
A: No collateral is needed for availing this small-value micro-credit loan.
Q: What can I use the loan for?
A: The loan must be used for business-related purposes like buying stock, baskets, or improving vending setups.
References & Useful Links
• Official Guidelines from the Co-operation, Food and Consumer Protection Department, Tamil Nadu
• Instructions from District Central Cooperative Banks and branches
