The “Kaakum Karangal” (Protective Hands) Scheme is a welfare initiative launched by the Tamil Nadu Government under the leadership of the Chief Minister. This scheme aims to provide financial and social support to ex-servicemen, war widows, and their families, ensuring their well-being and economic stability.
Key Features of the Scheme:
- ₹1,000 Crore Debt Relief Fund
- Financial assistance for ex-servicemen and war widows involved in industries and businesses.
- Loan Waiver & Interest Subsidy
- 30% waiver on the principal amount of cleared loans.
- 3% interest subsidy on outstanding loans.
Eligibility Criteria
- Ex-servicemen and their families.
- War widows and dependents of deceased soldiers.
- Organizations recognized by the Ex-Servicemen Welfare Board.