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Call Us On:
044-28190122
044-28190145
Send us a Mail:
tabcedco@tn.gov.in
tabcedco@gmail.com

INDIVIDUAL LOAN SCHEME

The Individual Loan Scheme (ILS) is a financial assistance program offered by both the National Backward Classes Finance and Development Corporation (NBCFDC) and the Tamil Nadu Backward Classes Economic Development Corporation (TABCEDCO). It supports individuals (Men, Women, and Transgenders) from economically weaker sections to start their own income-generating activities. The funds can be used for ventures in small businesses and trades. The scheme promotes self-employment, entrepreneurship, and improves the socio-economic status of marginalized communities.

₹ 15 Lakhs

Maximum Loan Amount

1.5 to 6 Years

Repayment Period

7% to 8%

Interest Rate

scheme-pattern of Finance
85%

NBCFDC Share

10%

TABCEDCO Share

5%

Beneficiary’s Share

Rate of Interest & Repayment Period
Rate of Interest : 7%
Repayment Period : 6 Quarters

Up to ₹25,000/-

Rate of Interest : 7%
Repayment Period : 8 Quarters

From ₹25,001/- to ₹50,000/-

Rate of Interest : 7%
Repayment Period : 12 Quarters

From ₹50,001/- to ₹1,25,000/-

Rate of Interest : 8%
Repayment Period : 16 Quarters

From ₹1,25,000/- to ₹5,00,000/-

Rate of Interest : 8%
Repayment Period : 20 Quarters

From ₹5,00,000/- to ₹15,00,000/-

Rate of Interest : 8%
Repayment Period : 24 Quarters

From ₹15,00,000/- to ₹25,00,000/-

Empower your business with Individual Loan Scheme (ILS)

Click the following link to register yourself onetime and submit online loan application under ILS.

Apply Now