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Jewel Loan Limit Increased to Rs. 10000 Per Gram in Cooperatives
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News18•06-10-2026, 06:51
Jewel Loan Limit Increased to Rs. 10000 Per Gram in Cooperatives
- •The Tamil Nadu government has announced an increase in jewel loans provided through cooperative institutions up to 10,000 rupees per gram.
- •Previously, jewel loans were provided up to a maximum of 7,000 rupees per gram or 75 percent of the market value.
- •The revised loan amount is now fixed at up to 10,000 rupees per gram or 75 percent of the market value of the jewels.
- •This increased loan amount will be applicable to newly issued jewel loans as well as loans that are being renewed.
- •District Central Cooperative Banks are ordered to charge an interest rate 1.25 percent lower than cooperative society branches.
Key Questions Answered
The Tamil Nadu government announced that jewel loans in cooperative institutions have been increased to provide up to Rs. 10,000 per gram.
Loans are provided up to 10,000 rupees per gram or 75 percent of the market value of the jewels, whichever is lower.
District Central Cooperative Banks are ordered to charge an interest rate that is 1.25 percent lower than the jewel loan interest rate provided in cooperative society branches.
