Start your Group Loan with TABCEDCO – A Great Opportunity From TN Government

Key Information About the Scheme

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The Group Loan Scheme (GLC) is designed to provide affordable financial assitance to Self-Help Groups to start or expand small businesses and income-generating activities. The scheme encourages group-based entrepreneurship and helps economically weaker communities become financially independent through self-employment.

The Group Loan scheme is offered by the National Backward Classes finance & Development Corporation in Collaboration with the Tamil Nadu Backward Classes Economic Development Corporation (TABCEDCO). The Scheme provides the eligible women, men, and Transgender member of Self-Help Groups for starting small trades, business, and other income-generating activities.

Key Highlights of Milch Animal Loan Scheme

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• Maximum loan per Member – ₹1.25 Lakhs : Each eligible member can receive a maximum loan amount of up to ₹1.25 lakh, subject to the applicable scheme conditions.
  
  
• Maximum Loan Per SHG – ₹ 15 Lakhs : An eligible Self-Help Group can receive a maximum overall loan amount of ₹15 lakh
  
  
• Repayment Period – 2.5 Years : The Sanctioned loan is generally repayable within 2.5 years, according to the applicable repayment period.
  
  
• Interest Rate – 6% : The loan carries an interest rate of 6%, making it a comparatively affordable option for eligible SHG member.
  
  

Pattern of Finance – How the Loan is Funded

Eligible for TABCEDCO Group Loan Scheme

• The applicant should be a member of a Self-Help Group (SHG)
  
  
• The applicant should belong to the BC, MBC, or DNC Community
  
  
• The applicatn should satisfy the prescribed family income limit under the scheme
  
  
• The SHG should fulfill the applicable group-ralated requirements
  
  
• The applicant should meet the age and other conditions specified by TABCEDCO
  
  
• The applicant should provide the required documents and pass the verification process
  
  
• The proposed business or income-generating activity should be eligible under the scheme guildeliness

Benefits of the TABCEDCO Group Loan Scheme

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Document Required for TABCEDCO Scheme

• Aadhaar Card
  
  
• Community Certificate
  
  
• Income Certificate
  
  
• Address Proof
  
  
• Bank Passbook
  
  
• Passport-size Photographs
  
  
• SHGVDocuments
  
  
• Business / Activity Details
  
  
• Loan Application Form
  
  

How to Apply for the TABCEDCO Group Loan Scheme

Conclusion

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The TABCEDCO Group Loan Scheme is an important financial support initiative for eligible Self-Help Groups belonging to the BC, MBC, and DNC communities in Tamil Nadu. By providing loans at an affordable interest rate, the scheme encourages women and other eligible SHG members to start or expand small businesses and income-generating activities. With financial assistance of up to ₹1.25 lakh per member and ₹15 lakh per SHG, the scheme can help beneficiaries create self-employment opportunities, increase their family income, and become more financially independent.

Application Link in Below