Kooturavu App:
The app ‘Cooperative (Kooturavu), has been launched to help people get loan from cooperative societies.
The people get bored of spending time searching for co-operatives and banks to borrow money. Co-operative app makes it easy to get loans from cooperative societies.
Tamil Nadu’s government plans to offer loans up to Rs. 1 lakh crore via the cooperative sector in this year. Chief Minister has ordered digitization in the cooperative sector. This app is a part of the digitization of the cooperative sector.
What type of loans can I get?
This app allows you to apply for loans in the fields of fish farming, agriculture, and animal husbandry. This app also offers loans for weeders and tractors. Renting is another option.
What is the maximum amount you can borrow?
Crop loan:
No interest up to Rs.10 Lakhs Up to Rs. 3 lakhs, there is no interest. The interest rate is 7% on loans above Rs.3 lakhs. This loan will last 12-15 months.
You can get a loan up to Rs. 2 lakh for livestock and fish farming.
Jewelery Lending:
You can borrow up to 20 lakhs rupees. The loan term is 1 year. Interest rate is 9.50 per cent.
Personal loan:
You can borrow up to 15 lakhs rupees. Loan tenure of 10 years with interest rates 9.50
Home loan:
Rs. You can borrow up to Rs. 75 lakhs. Loans are available for 20 years. Interest rate: 8.50
Women Entrepreneur Loan:
Up to 10 lakh rupees can be borrowed. Interest rate of 10% The term is 10 years.
Loans for Small and Micro Enterprises:
You can borrow up to 20 lakh rupees. Interest rates are 10 percent. The term is 10 years.
There are also many other types of loans.
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To get a loan…
The required documents, along with Aadhaar number, DCCB DMR account number, PAN card, and Ration Card, vary depending on the type of loan. All these documents can be uploaded in the “cooperative” app to apply for a credit.