The Tamil Nadu BJP unit has launched an exclusive portal www.tnbjp.in to help persons get bank loans that are available under various schemes of the Centre. The website which was initially set up as a helpline, is an initiative of the Tamil Nadu BJP President Dr. L. Murugan who has also constituted a committee to be helmed by the party’s unit treasurer S.R. Sekar to guide those seeking loans about the necessary documents required.
Loan seekers can register themselves with the website and submit the application. The party has deputed 5 workers with knowledge of finance, banking, and accounting to scrutinize the applications. Retired bankers, auditors, financial consultants have also been engaged to ensure that applications received fulfil the expectations of the bank.
The initiative has been launched to do away with intermediaries or brokers. The portal has already received more than 23,000 application, with 57 of them processed and loans worth ₹42 lakh have been disbursed by banks.
It is said that banks often reject applications outright at the time of submission. The team at BJP Tamil Nadu unit will help applicants get their documentation perfect. A process of scrutiny to analyse the applications and the applicants have also been put in place to ensure that those applying will repay their loans. Applicants who get selected are called for interviews to verify their credentials.
However, the party has said that they are no way pressurizing the banks to give candidates the loans. The party will send applications deserving of loans and it is upto the banks to scrutinize the applications thoroughly as per their processes and give loans based on the merit of the applications.