Winter Sweater Seller Loan

About Winter Sweater Seller (WSS) Loan

Winter sweater seller support program (WSS) caters to all the Tibetan refugee in exile whose livelihood is based on seasonal business where they travel to their regular market area which is out of their settlement, build business stalls and base there for 3-5 months pursuing their winter business of trading hosiery based products.

These Tibetan traders are part of their central governing body which is registered under the societies Act as Tibetan Refugee TTrader’s Association (TRTA). whose head office is based in Ludhiana, Punjab with 221 active local market associations (LMA) around India with 3558 registered traders.

Features & Benefits of Loans

Here is list of attractive features and benefits of Winter sweater seller loan.

Attractive loan amount

Max loan up to Rs. 2 lakh for business like winter sweater selling.

Easy Loan Repayment

Maximum tenure up to 6 months for loans up to Rs. 2 lakhs

100% Transparency

The process of loan sanction is strictly based on the requirements and eligibility of the customers.

Quick and easy disbursal

Loan application process is  simple and require minimum KYC documents.

Preclosure and Prepayment

Flexible for prepayment and pre closure of the loan account.

Attractive rate of interest

The rate of interest is 6% per annum for the amount of Rs. 1 Lakh during the tenure of 6 months.

Eligibility criteria, Documents Requirements and All forms

For meeting capital needs of Tibetan Markets engaged in winter sweater selling business. WSS Loan is part of TRLSP program and this loan provided to TRTA Tibetan Trader’s association.

Eligibility Criteria

  • The age limit of the applicant is 25 to 60 years.
  • The applicant should be a Tibetan who is operating caravan livelihood businesses
  • The applicant should have proper legal documents to run business as per the local rules and regulations.
  • Updated GB and RC
  • Borrowers should not belong to a same family.

Documentes needs

  • Fund Application Form signed and verified by The Tibetan Settlement Officer
  • Surety bond signed by all the concerned parties
  • Updated Registration Certificate (Optional)
  • Updated Green Book (GB)
  • SO’s support letter
  • One Passport Sized Photograph

Winter Sweater Seller Loan interest rates and charges

Here is an exhaustive list of all the fees and charges to be paid for the Winter Sweater Seller Loan.

2 Lakh

Loan size

6% pa

Rate of interest

6 Months

Loan tenure

  • Description of Charges
    Trinket Loan
  • Loan Processing Charges*
  • Pre-payment charges*
  • No Due Certificate
  • Solvency Certificate
  • Penalty Interest on delayed / overdue EMI
    Rs.50 per day for one month

Frequently Asked Questions

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You can avail exact 2 Lakh Rupees under this loan scheme.

Yes, You can pay off your loan outstanding with interest anytime before loan tenure gets expired. No penalty will be charged for pre-payment and pre-closure of the loan account.

You can apply for this loan as soon as respective market leaders forwarded the announcement made by GDF in the early month of May.