Cooperative banks disburse collateral-free microcredit to Women Self-Help Groups (SHGs) to promote micro-enterprises and women empowerment.
Eligibility & process:
- SHGs formed, registered, and graded by the Tamil Nadu Corporation for Development of Women (TNCDW / Mathi).
- Group must be active for at least 6 months with regular internal savings and credit discipline.
- Apply for credit linkage at your local PACCS or District Central Cooperative Bank.
Loan quantum & subsidy:
- Credit linkage loans ranging from ₹5 Lakhs to ₹10 Lakhs per group.
- Groups repaying promptly receive government interest subvention subsidies.
Productive uses:
- Dairy farming, tailoring, petty trading, handicraft manufacturing, and cottage industries.