Telangana State SC ST BC Corporation Loans Apply Online tsobmms.cgg.gov.in

Telangana State SC ST BC Corporation provides loans to the eligible individuals of Scheduled Castes (SC), Scheduled Tribes (ST), and Backward Classes (BC) in the state of Telangana for their economic empowerment. These loans are intended to support the creation of self-employment ventures, micro-enterprises, and other income-generating activities. The corporation offers various types of loans, such as business loans, education loans, housing loans, and agriculture loans.

Eligibility Criteria:

To apply for a loan from Telangana State SC ST BC Corporation, the applicant must meet the following eligibility criteria:

The applicant must belong to either Scheduled Castes, Scheduled Tribes, or Backward Classes of Telangana.
The age of the applicant must be between 18 to 55 years.
The applicant must be a permanent resident of Telangana.
The applicant must have a feasible business plan or a source of income generation.
The applicant must not have any previous default in loan repayment.

Documents Required:

The following documents are required for the loan application:

Caste certificate (SC/ST/BC certificate)
Aadhaar card
Address proof
Income certificate
Bank account statement
Business plan or project report
Educational certificates
Property documents (in case of a secured loan)

Telangana State SC ST BC Corporation Loans Apply Online

Loan Application Process:

The application process for a loan from Telangana State SC ST BC Corporation is as follows:

Visit the official website of Telangana State SC ST BC Corporation.
Look for the loan application form and click on it.
Fill in the necessary details such as personal information, income details, and loan amount required.
Upload the required documents such as ID proof, address proof, income certificate, and caste certificate.
Review the application form and submit it online.
Wait for the corporation to process your application and approve the loan.

Loan Amount and Interest Rate:

The loan amount, interest rate, and repayment terms may vary based on the type of loan and the eligibility of the applicant. For example, the maximum loan amount for a business loan is Rs. 20 lakhs, while for an education loan, it is Rs. 10 lakhs. The interest rate for the loan varies from 5% to 15% depending on the type of loan.

Repayment Terms:

The repayment terms for the loan also vary depending on the type of loan. Generally, the repayment period ranges from 1 to 5 years, with a maximum of 7 years in some cases. The borrower has to repay the loan in equal monthly installments (EMI) along with the interest.

Conclusion:

Telangana State SC ST BC Corporation provides an excellent opportunity for eligible individuals belonging to the Scheduled Castes, Scheduled Tribes, and Backward Classes of Telangana to avail themselves of loans for their economic empowerment. The loan scheme provides a great way for these individuals to start their businesses or other income-generating activities, thereby, improving their livelihoods.

For more details about Telangana State (TS) ST/ SC Loans Online Application form Status, Loan Selection list Visit the official website: http://tsobmms.cgg.gov.in/

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