SRTO Loan — ₹10 Lakh Credit for Tamil Nadu Transport Operators — Frequently Asked Questions

The scheme offers up to ₹10,00,000, which works out to ₹10 lakh per eligible applicant. The exact amount sanctioned is decided by the District Central Cooperative Bank branch handling your application, so the ceiling is a maximum rather than a guaranteed figure.

The loan is offered at 13% interest. This rate is subject to change, so it is worth confirming the rate in force with the bank at the time you apply.

There are two requirements. You must be a resident of Tamil Nadu, and you must be actively operating as a small road transport operator. The scheme does not publish any additional sector, business stage or entity type restrictions.

No. The scheme runs on a rolling basis, meaning applications are accepted throughout the year. Since there is no closing date, you can approach a bank branch whenever you are ready to apply.

Neither is listed as a requirement for this loan. The eligibility criteria published for the scheme refer only to Tamil Nadu residency and active operation as a small road transport operator, so you should not need DPIIT or MSME credentials to apply.

No. This is a debt product — a loan that you repay, along with interest. The bank does not receive any ownership stake or shareholding in your transport business in return for the funding.

The process is entirely offline. Visit your nearest District Central Cooperative Bank or one of its branches in Tamil Nadu and collect the official application form. Fill in every mandatory field, paste and sign a recent passport-sized photograph in the space provided, and attach self-attested copies of the supporting documents. Submit the completed form to the concerned authority or loan officer at the branch, and ask for a receipt or acknowledgment that records the date and time of submission along with, ideally, an application identification number.

The supporting set typically includes identity proof, address proof, proof that you are a small road transport operator, and proof of residency in Tamil Nadu. Self-attested copies are required for all mandatory documents, and a recent passport-sized photograph is pasted onto the form. Confirm the final list with your bank branch, since it may specify additional paperwork.

It is a Government of Tamil Nadu initiative under the Co-operation, Food and Consumer Protection Department. It is implemented through District Central Cooperative Banks and their branches across the state, which is where you submit your application.

The funds can go towards purchasing a vehicle, covering operating and maintenance costs, upgrading an existing fleet, or managing working capital. In short, the loan is meant to help a small road transport operator invest in assets and keep the business running and growing.