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.
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| 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/).