Thaico Bank Loan Scheme for Small Enterprises

289 co-operative societies, including tea and coir, are functioning under the Industrial and Commercial Commissioner under the Small, Small and Medium Enterprises Department of the Tamil Nadu Government.

Thaigo bank

Full details on Thaigo Bank Loan Scheme for Small Enterprises in Tamil Nadu

Tamil Nadu Industrial Co-operative Bank provides loans to these societies for starting new business and working capital expenses.

Thaico Bank offers a Rs 40 lakh loan scheme for small enterprises to help them meet their working capital needs and expand their businesses. The scheme is designed to provide affordable financing to small businesses that are struggling to access traditional bank loans.

It currently provides loans to individuals, MSMEs and government employees.

It has a special focus on lending to small, micro and medium enterprises.

In this regard, an official of Thaico Bank said,

Thaico Bank has 47 branches across the state. Awareness is being created regarding the provision of credit to small, micro and medium enterprises..

Key Features of the Scheme,

Loan amount: Up to Rs 40 lakh
Interest rate: 10% per annum
Loan tenure: 3 to 5 years
Moratorium period: Up to 6 months
Eligibility: Small enterprises with a turnover of up to Rs 2 crore
Collateral: Minimum collateral of 20% of the loan amount

Benefits of the Scheme,

Affordable interest rate
Flexible loan tenure
Easy application process
Quick loan approval
Dedicated relationship manager

Documents Required,

Application form
Business plan
GST registration certificate
PAN card
Aadhaar card
Proof of address
Bank statements for the last 6 months
Income tax returns for the last 2 years
Balance sheet and profit and loss account for the last 2 years

How to Apply

Interested applicants can apply for the scheme online or by visiting their nearest Thaico Bank branch. The application process is simple and straightforward.

Contact Information,

For more information about the scheme, please contact Thaico Bank's customer care at 1800-200-4000 or visit their website at [https://www.taicobank.in/](https://www.taicobank.in/).

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