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PC: thehindu-com
PC: thehindu-com

Get loan upto Rs. 70,000: Milch Animal Loan Scheme: Tamil Nadu

BC, MBC & Minorities Welfare Department, Tamil Nadu has  a scheme for Minorities living in Tamil Nadu to get a loan for purchase of milk giving animals (Milch).

Objective

To help the poor to earn their livelihood by raising milk giving animals.

Eligibility

  • Minorities like (Religious) Muslims, Christians, Sikhs, Buddhists, and Parsis, are eligible to apply.
  • Annual income of the applicant should be within Rs.40,000/- in the rural areas and Rs.55,000/- in the urban areas.
  • Age should be above 18 years.
  • Loan will be sanctioned for 1 person in a family.

Benefit

  • The loan is sanctioned at 6 percent rate of interest for the purchase of two Milch Animals through AAVIN.
  • Cross-bred cows Rs.25,000/- Rs.50,000/-
  • Graded / Murrah Buffalos Rs.35,000/- Rs.70,000/-
  • The loan is repayable in 36 Monthly Instalments.

How to Apply

Contact officials of TAMCO, 807, Anna Salai, V Floor, Chennai.

District Backward Classes and Minorities Welfare Officer of the District concerned.

Officials of Aavin, Co-operative Milk Producers Union in the concerned District.

Documents Required

  • Income and Community Certificates.
  • Ration Card or Residency Certificate and other documents required by the banks.

For More Info: Click Here.

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