KR Periyakaruppan, the state minister of cooperation, declared that the government has launched Tamil Nadu Special Small Business Loan Scheme 2025. To assist small vendors who have been negatively impacted by Cyclone Fengal. The program’s goal is to give money to street vendors, small business owners, and shop owners who have lost money as an effect of the storm. Many small-scale vendors in these regions experienced financial difficulties and have lost their livelihoods as a result of the harsh impact. The TN Special Small Business Loan Scheme would provide small vendors with loans between Rs 10,000 and Rs 1 lakh. keep reading this article to know more.
About Special Loan Business scheme
The Tamil Nadu Special Small Business Loan Scheme has been introduced by the Tamil Nadu government. To help small sellers that have suffered because of Cyclone Fengal. Due to the severe effects, many small-scale merchants in these areas have faced financial challenges and have lost their means of support. Small vendors will be eligible for loans ranging from Rs 10,000 to Rs 1 lakh under the Tamil Nadu Special Small Business Loan Scheme. Small vendors could benefit from this new program as it would allow them to borrow money at moderate interest rates, ranging from Rs 10,000 to Rs 1 lakh.
Also Read: Vella Nivarana Nidhi
Objective of Tamil Nadu Special Smail business Loan Scheme
The primary objective Tamil Nadu Special Small Business Loan Scheme is to provide financial assistance to the small vendors and business owners who were affected by the Storms. The store owners, small company owners, and street vendors who have suffered financial losses as a result of the storm will get benefit from this scheme. Loans with low interest rates will be provided to qualified small vendors. This new initiative might help small sellers by giving them access to loans with reasonable interest rates, between Rs 10,000 and Rs 1 lakh. This scheme will help these small vendors in building back their small ventures and they can earn their bread.
Key Highlights of Special Small Business Loan Scheme
| Name of the Article | Special Small Business Loan Scheme |
| Launched By | Tamil Nadu government |
| Launch Date | 6 dec 2024 |
| Announced By | KR Periyakaruppan, the state minister of cooperation |
| Beneficiaries | Small vendors and business owners of state |
| Application Process | Offline |
| Official Website | – |
Eligibility Criteria
- The applicant should be a permanent resident of Tamil Nadu
- They should be the people affected by the Cyclone
- They should be small vendors or business owners
Camp Dates
- The special camps will be held in the affected districts from December 6 to 12
Also Read: Tamil Nadu Naan Mudhalvan Scheme
Loan Amount
The loans will be given with reasonable interest rates, between Rs 10,000 and Rs 1 lakh
Required Documents
- Aadhar Card
- Mobile Number
- Electricity bill
- Address Proof
- PAN Card
- Income Proof
How to Get Special Small Business Loan Scheme Benefits?
- The people who are affected badly by the cyclone are suggested to visit the Special camps that will be held in the affected districts from 6 to 12 December.
- People belonging to the districts of Kallakurichi, Villupuram, Tiruvannamalai, Dharmapuri, Krishnagiri etc., can visit the camp.
- To apply for their loan amounts, small vendors who were impacted by the typhoon must present their documentation to these particular camps.
- The loans will be disbursed through special camps organised by the Cuddalore and Villupuram District Central Cooperative banks.
- The minister urged small merchants to participate in this program and recieve its benefits.
FAQS
What is Tamil Nadu Special Small Business Loan Scheme?
the government has launched Tamil Nadu Special Small Business Loan Scheme 2024. To assist small vendors who have been negatively impacted by Cyclone Fengal
What is the Target Audience for this scheme?
The program’s goal is to give money to street vendors, small business owners, and shop owners who have lost money as an effect of the storm.
How can the small vendors benefit from this scheme?
The people who are affected badly by the cyclone are suggested to visit the Special camps
What are the camp dates?
The special camps will be held in the affected districts from December 6 to 12.