Prime Minister Early Career Research Grant 2026
This scheme supports working women in Tamil Nadu by providing loans up to ₹20,000 at a 12% Read More... interest rate, accessible through District Central Cooperative Banks. Read less
Details
Working women in Tamil Nadu can now access financial support for their personal and professional needs through a special loan scheme. This initiative, overseen by the Co-operation, Food and Consumer Protection Department, aims to empower women by making credit more accessible.
What Is This Scheme?
The scheme allows eligible working women to obtain a loan of up to ₹20,000. The financial assistance is channelled through the network of District Central Cooperative Banks and their local branches, ensuring it reaches women across the state.
Who Can Benefit From This Scheme?
This loan facility is specifically designed for women who are currently employed or engaged in work. To be eligible, applicants must be residents of Tamil Nadu.
Why This Scheme Is Important
By offering loans at a nominal interest rate of 12%, the scheme aims to reduce the financial burden on working women. This access to funds can help them invest in their careers, manage personal expenses, or pursue other financial goals, thereby fostering their economic independence and growth.
Objective
Benefits
- Research rant up to ₹60 lakh plus overheads for a period of three years.
- The measures for ease of doing research include flexibility to utilize resources under recurring head; flexibility in manpower recruitment; enhanced travel, contingency and overhead charges; and support for expenses related to open access publications and patent filing charges.
- International travel for project related activities is also permitted.
- Maximum of 700 grants would be awarded per year across all subject areas.
Sources and references
Eligibility Criteria
- Must be a resident of Tamil Nadu.
- Must be a working woman.
How To Apply
- Visit your nearest District Central Cooperative Bank branch.
- Submit the required application form along with all necessary documents.
- The bank officials will process your application.
For more details, you can visit the official website or contact your local District Central Cooperative Bank branch.
Documents Required
- Identity proof (e.g., Aadhaar card, PAN card).
- Proof of address.
- Documents confirming your employment or work.
- Any other certificates or proofs as requested by the bank.
FAQ’s
Who can get a loan under this scheme?
This scheme is for working women who are residents of Tamil Nadu. If you are employed or actively working, you may be eligible.
What kind of financial help does this scheme offer?
The scheme provides a loan of up to ₹20,000 to help working women with their financial needs.
Is there a specific age requirement to apply?
The scheme does not mention a specific age limit. The main criteria are that you must be a working woman and a resident of Tamil Nadu.
How much money can a woman borrow?
A working woman can borrow a maximum amount of ₹20,000 through this scheme.
What is the cost of borrowing money under this scheme?
The loan comes with an interest rate of 12%. Please note that this rate might be subject to change.
Where do I go to apply for this loan?
You need to go to the nearest branch of your District Central Cooperative Bank to apply. Make sure to take all your documents with you.
Do I need to provide proof of my income?
The scheme details don't specify an income criterion. However, you will need to provide proof of your employment or work.
What identification and work-related papers are needed?
You will generally need identity proof like an Aadhaar or PAN card, a residential address proof, and documents that show you are employed or working.
Can the interest rate change after I take the loan?
The stated interest rate is 12%. While this is the rate mentioned, it is subject to change based on government decisions or policy updates.
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