Tamil Nadu Chief Minister M.K. Stalin has launched a new welfare scheme named Chief Minister’s Kakkum Karangal (Mudhalvarin Kakkum Karangal) for ex-servicemen and their families. This scheme is started to help retired defence personnel set up their own businesses by providing them loan. This scheme is providing financial help in the form of loans and subsidies to ex-servicemen and their families. Under this scheme, families of martyrs are also included.
Under the Kakkum Karangal Scheme, ex-servicemen can get bank loans up to ₹1 crore to start small or medium-scale businesses. The state will give a 30% capital subsidy and a 3% interest subsidy, reducing the burden of repayment. In the first phase, about 348 ex-servicemen and families will benefit from the scheme, with a total budget of ₹50.50 crore allocated. Benefits of ₹24.43 crore to 155 ex-servicemen have already been provided on the launch day.
Highlights of CM Kakkum Karangal Scheme
| Feature | Details |
|---|---|
| Scheme Name | Chief Minister’s Kakkum Karangal (Mudhalvarin Kakkum Karangal) |
| Launched By | CM M.K. Stalin, Tamil Nadu Government |
| Beneficiaries | Ex-servicemen and families of martyrs |
| Loan Facility | Up to ₹1 crore |
| Subsidy | 30% capital subsidy + 3% interest subsidy |
| Total Budget | ₹50.50 crore |
| First Phase | 348 beneficiaries |
| First Allotment | Orders given to 155 ex-servicemen |
| Application | Through Department of Ex-Servicemen Welfare website or District Offices |
Also read: Nalam Kakkum Stalin Scheme – Find Camp Location & Details Near You
Online Application Process
Ex-servicemen who want to apply for this scheme can submit their applications online through the official website of the Department of Ex-Servicemen Welfare.
After reaching the website homepage, click on the “Click to Register” button of Mudhalvarin Kakkum Karangal Scheme.
A new page will open, select the Applicants Option and click on Login Button
Families of soldiers who lost their lives during service can also apply by visiting their respective District Ex-Servicemen’s Welfare Office.
On the next page, login using your registered mobile number and open the scheme application form.
Applicants will need to provide their service details, family details, and project plan for the business they want to start.
Benefits of CM Kakkum Karangal Scheme
This scheme is more than just financial support, some major benefits of this scheme are:
- Ex-servicemen can become independent business owners.
- Loans up to ₹1 crore with subsidies reduce repayment pressure.
- Families of martyrs can also get help.
- New businesses will create jobs across Tamil Nadu.
- The scheme strengthens the economic security of ex-servicemen families.
FAQ’s
Who can apply for this scheme?
All ex-servicemen from Tamil Nadu and families of those who died in service can apply.
How much loan is available?
Applicants can get bank loans up to ₹1 crore with government support.
What subsidies are given?
A 30% capital subsidy and a 3% interest subsidy are provided.
Where to apply?
Applications can be made through the official Department of Ex-Servicemen Welfare website or district welfare offices.