The Small Road Transport Operators (SRTO) Loan Scheme by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to support small-scale road transport operators by providing affordable credit. Implemented through District Central Cooperative Banks and their branches, this scheme offers financial assistance of up to ₹10,00,000 at a 13% interest rate (subject to change), enabling operators to expand or sustain their transport business.
Benefits of the SRTO Loan Scheme
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Loan Amount: Financial support up to ₹10,00,000/-
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Interest Rate: Fixed at 13% per annum (subject to revision based on government policy)
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Easy Access: The application available through all District Central Cooperative Banks in Tamil Nadu
Eligibility Criteria
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Applicant must be a resident of Tamil Nadu
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Must be a Small Road Transport Operator (individual or registered business entity)
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Must be able to provide valid proof of engagement in transport operations
How to Apply – Offline Procedure
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Visit the nearest District Central Cooperative Bank or any of its authorized branches.
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Collect the SRTO Loan application form from the bank.
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Fill in all required fields, and paste a recent passport-size photograph (signed across if needed).
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Attach self-attested copies of all necessary documents.
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Submit the completed application form to the concerned bank officer.
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Collect an acknowledgment receipt, ensuring it has the submission date, time, and reference number (if applicable).
Necessary Documents for Application
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Proof of Identity: Aadhaar Card / PAN Card / Voter ID
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Address Proof: Ration Card / Electricity Bill / Passport
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Transport Operator Proof: Vehicle registration, permits, or any official document proving involvement in transport operations
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Additional documents (as requested by the bank during application processing)
Frequently Asked Questions (FAQs)
Q: What is the main purpose of the SRTO Loan Scheme?
The scheme is designed to offer financial support to small road transport operators for expanding or sustaining their transport-related activities.
Q: What is the maximum loan amount I can avail of?
You can avail a loan of up to ₹10,00,000 under this scheme.
Q: What is the interest rate applicable?
The applicable interest rate is 13% per annum, subject to periodic revision.
Q: Who is eligible to apply?
Residents of Tamil Nadu who are actively engaged in small road transport operations are eligible.
Q: Is there any age limit for applicants?
There is no specific age limit mentioned, but the applicant must be legally eligible to enter into a financial contract.
Q: Can I apply online?
Currently, the application process is offline only through the District Central Cooperative Banks.
Q: Is this loan available for all types of transport operators?
This scheme is specifically designed for small road transport operators. Larger commercial fleets may not be eligible.
Q: How long does the loan approval process take?
Approval timelines vary, but you will receive updates during the verification process. It is advised to follow up with the bank after submission.
Q: What should I do if my application is rejected?
If rejected, inquire with the bank for the reason. You may correct the issues and reapply, or appeal to the higher authorities in the Cooperative Bank.
Q: Is there a deadline or expiry for this scheme?
No fixed deadline has been specified, but availability is subject to fund allocation. Apply early to avoid delays.
References & Useful Links
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Official Guidelines from the Co-operation, Food and Consumer Protection Department, Tamil Nadu
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Verified information from District Central Cooperative Banks
