Micro Loan Camp Extended

Published: 03rd February 2016 06:20 AM  |   Last Updated: 03rd February 2016 06:21 AM   |  A+A-

CHENNAI: The Chief Minister J Jayalalithaa on Tuesday extended by three more days (February 3-5) the special camps for receiving applications for small loans. The 10-day special camps were scheduled to end on Tuesday.

The scheme is to help small traders who face great difficulty if they take  private loans at exorbitant rates of interest. Her step to extend the deadline was because of the overwhelming response to the Amma Micro Loan Scheme for small traders hit by heavy rains and floods.

Till February 1, 4,470 camps were held in almost all districts including Chennai, Kancheepuram, Tiruvallur, Tuticorin, Villupuram, and Cuddalore, where heavy rains had played havoc. Official sources said so far, `21.30 crore had been disbursed to 42,618 small traders after scrutinising their applications. Till February 1 (Monday), 2,29,854 applications had been received.

Though initially it was decided to conduct 500 special camps to receive applications for micro loans, more special camps were organised. The applicants included street vendors, fruits and vegetables sellers, tiffin stalls, and petty shops.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp