Rs.10 lakh mortgage at 4% rate of interest..Fantastic scheme for artisans

Tamil Nadu Minority Financial Growth Company invitations purposes for mortgage help to minority artisans. Dindigul District Collector mentioned.

On this regard, the revealed press notice mentioned: VIRASAT (Handloom & Handicraft) Mortgage Scheme for Minority Handicrafts has been launched by the Tamil Nadu Minority Financial Growth Company.

Belonging to ethnic minorities in Tamil Nadu Muslim, Christian, Jain, Sikh, Parsi, Buddhist artisans Tamil Nadu Minority Financial Growth Company will present mortgage help to assist them buy the capital items required for his or her enterprise and make progress of their enterprise.

Minority artisans who want to get mortgage beneath this scheme ought to have annual household earnings not exceeding Rs.1,20,000/- in city space and never exceeding Rs.98,000/- in rural space beneath Scheme 1. Beneath Scheme 2 the annual household earnings mustn’t exceed Rs.8,00,000/-.

Beneath Scheme 1, most mortgage of Rs.10,00,000/- at rate of interest of 5% for males and 4% for females, and most mortgage of Rs.10,00,000/- at rate of interest of 6% for males and 5% for females beneath Scheme 2 . The mortgage taken beneath the above scheme must be repaid inside 5 years.

Additionally, those that need to profit beneath this scheme, the mortgage purposes and different mortgage particulars supplied by this group. The District Collector mentioned in his press launch that the web site tackle may be obtained in individual on the District Backward Welfare Workplace, Dindigul District Central Co-operative Financial institution and all Co-operative Financial institution branches positioned at Dindigul District Collectorate.

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