Tamil Nadu
Tamil Nadu government to launch Singappen credit scheme for women entrepreneurs
The Tamil Nadu government has announced a ₹7,015 crore Singappen credit scheme for women entrepreneurs, to be implemented through cooperative societies. It also plans to provide rural business loans at 9% interest for micro and small-scale farmers with a ₹5,000 crore allocation, along with a 'Vetri' logo and UPI expansion.
The Tamil Nadu government, referred to in the announcement as the TVK government, has planned to launch the Singappen credit scheme for women entrepreneurs at an outlay of ₹7,015 crore. Minister for Cooperation V Gandhiraj announced the scheme in the state assembly, saying it is intended to empower women socially and economically, reduce rural poverty, and enable women to achieve financial independence. The scheme will be implemented through cooperative societies, with loans to women to help them become entrepreneurs.
The minister also announced that the government will provide rural business loans at 9% interest for micro and small-scale farmers. The state will allocate ₹5,000 crore for this scheme, which aims to encourage farmers to take up farm-related businesses.
In addition, the government announced it would introduce a common trademark, referred to as the 'Vetri' logo, and expand UPI services, according to the assembly announcement.
- TVK govt
- C Joseph Vijay
- V Gandhirajj
- Chennai
- Singapen credit scheme
- women entrepreneurs
- cooperative societies
- women empowerment
- rural poverty reduction
- financial independence
- cooperation ministry
- rural business loan
- 9% interest loan
- micro and small-scale farmers
- farm-related businesses
- Rs 7
- 015 crore scheme
- Rs 5
- 000 crore allocation
- Vetri trademark logo
- cooperative products
- farmers income
- Public Distribution System (PDS) shops
- UPI payments
- 10
- 803 shops
- expansion by 10
- 000 shops
- state cooperative policy
- growth of cooperative societies
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