Skip to main content

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.

Thaico Bank Loan Scheme for Small Enterprises
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/).

Tags:

Comments

Post a Comment

Like this 22k jewelers blog?

Popular posts from this blog

What are the retirement expectations of Indian youth?

A majority of the Indian youth want to retire early and are expecting a large pension, a study has revealed.    Retirement plan Retirement preferences of Indian youth In a survey conducted by Grant Thornton Bharat among various stakeholders across India to find out about retirement planning, more than 55 percent of the participants said that they expect a pension of more than Rs 1 lakh per month during retirement. However, it has also been revealed that the savings they have made are not enough to compensate for this. This study reveals that there is a huge gap between pension preferences and retirement planning.  Most of the participants in the study said that they want to retire before the age of 45 to 55. However, they rely on traditional means such as provident fund, national pension scheme, and gratuity for retirement planning. More than 76 percent of the participants in the study said that they have not invested in annuity plans. The study emphasizes ...
Post a Comment
Read more

What is the new rule of bank locker agreement

The bank locker facility helps in keeping gold jewelry, money, important documents, etc. safe. Those who use the locker service must sign a renewed agreement.    Bank locker How to avoid the risk of bank locker service being suspended? Those who have not yet signed the renewed agreement should do so immediately, banks are reminding them. If the renewed agreement is not signed, there is a risk of the locker service being suspended. Let's see the important aspects related to locker agreement renewal.   Locker Agreement: The Reserve Bank of India ordered in 2021 that a new rental agreement should be obtained from the beneficiaries using locker services. The Reserve Bank took this step considering customer complaints, technical aspects, and Supreme Court guidelines. Extension of deadline: The objective of the locker renewal agreement is to improve transparency and security regarding the operation of the locker service. The deadline for this was extended twic...
Post a Comment
Read more

No tax on gold, gold prices plummet

New Delhi, Aug. 13-Gold prices fell by nearly two percent in the international market yesterday after US President Trump announced that there would be no tax on gold. Gold price gold price fall reasons The US Customs Department issued a statement last week that the tax would also apply to gold bars . Following this, prices rose sharply. The price of one ounce of gold, i.e. about 28.35 grams, reached a new high of Rs 3 lakh. White House sources said at the time that the tax would be applicable and that an official clarification would be made soon. Following this, Trump announced on his Truth Social social networking site the day before yesterday that 'there will be no tax on gold '. This announcement allayed investors' fears regarding price hike, leading to high selling of gold. Following this, the price of one ounce of gold fell below Rs 2.90 lakh. The international market situation was also reflected in India. In the last 2 days in Chennai, the price of 22-ka...
Post a Comment
Read more