Keeping an eye on the cyclones that have come recently in the northern districts of Tamil Nadu, Mr. K.R. Periyakaruppan, launched a new scheme called Tamil Nadu Special Small Business Loan Scheme to help those vendors who have lost their livelihoods due to this disaster. This scheme helps those small citizens affected by cyclones, tiny businesses like vendors, and shopkeepers who may have suffered losses due to cyclones by providing loans especially small vendors and shopholders of the state. If you’re a small vendor affected by the disaster of cyclones, and wish to avail the benefits of this scheme by knowing more about this Tamil Nadu Special Small Business Loan Scheme, keep reading this article for complete information.
About Special Small Business Loan Scheme
This Special Small Business Loan Scheme is a valuable initiative designed by the Government of Tamil Nadu to provide financial aid and support to those affected by cyclones, particularly small businesses like vendors and shopkeepers who may have suffered losses due to cyclones. Through this financial aid, those small vendors who are affected by this cyclone get a chance to rearrange their daily lives by receiving financial support in the form of low-interest loans. Through this scheme, small vendors and shop holders are not only able to recreate their business but also empowered them to improve their overall well-being.
Ultimately, this scheme plays a crucial role in providing much-needed financial aid and assistance to help these businesses recover and rebuild in the aftermath of cyclones. It serves as a valuable resource for small businesses to overcome the challenges posed by natural disasters and resume their operations successfully.
Also Read: Makkaludan Mudhalvar Second Phase
Purpose of Tamil Nadu Special Small Business Loan Scheme
The primary purpose behind this scheme is to help small vendors and shopkeepers recover from the impact of cyclones by offering financial assistance to rebuild their businesses, restock inventory, repair damages, and get back on their feet. Through this scheme, small vendors and shop holders are not only able to recreate their businesses but also empowered to improve their overall well-being. this scheme plays a crucial role in providing much-needed financial aid and assistance to help these businesses recover and rebuild in the aftermath of cyclones. It serves as a valuable resource for small businesses to overcome the challenges posed by natural disasters and resume their operations successfully.
Short Summary of Special Small Business Loan Scheme
| Name of the Scheme | Tamil Nadu Special Small Business Loan Scheme |
| Approved By | Government of Tamil Nadu. |
| Year of Approval | 2024-25 |
| Objective | Provide financial support to small vendors, shop owners to overcome the challenges posed by natural disasters and resume their operations successfully |
| Beneficiaries | Cyclone affected residents of the state |
| Mode | Online |
| Official Website | – |
Eligibility Criteria
To be eligible for this scheme applicant must clear the following eligibility criteria these are as mentioned below
- Applicant must be a permanent resident of Tamil Nadu
- Applicant must be severely affected by cyclone
- Applicant must be a small vendor and shop holder.
Also Read: Mudra Loan Yojana 2.0
Salient Features
- Financial Relief: Under this scheme, government provides outstanding loans from Rs. 10,000 to 1 lakh to help small vendors and shop holders to restart their businesses.
- Business Recreation: By receiving financial support small vendors and shop holders are not only able to recreate their business but also empower them to to improve their overall well-being.
- Low Interest Rates: Small vendors and shopholders receive financial benefits at low interest rates.
Camp Dates
- Under this program, government provides loans through special camps, and these camps are starting on December 6, 2024, and end on December 12 ,2024
Loan Amount
- In this scheme, the government offers loan amounts from 10,000 to 1 lakhs.
Required Documents
- Aadhar Card
- Resident Proof
- Ration Card
- Passport Sized Photograph
- Phone Number
Application Process
To apply for the scheme, the applicant must follow some simple steps these are as mentioned below
Step 1: Visit the official website
Step 2: Once the applicant reaches the home page of the official website, click on “Apply Online“
Step 3: An application form will open on the screen
Step 4: Now applicant needs to fill in all the asked details and attach all the necessary documents to the form
Step 5: Once quickly review all the details carefully
Step 6: At last, click on Submit to complete the process.
FAQs
Q. Who can apply for the Tamil Nadu Special Small Business Loan Scheme?
Small vendors and shopholders who are affected by cyclone are able to apply.
Q. Is it necessary to be a victim of cyclone
Yes, it’s necessary to be a victim of cyclone in Tamil Nadu.
Q. On which date the camps are started under this scheme?
The camps were starting on December 6, 2024.