Mass per unit length of the ring =m2πR
∴ Mass of dx element =mdx2πR=dm
For the dx element the two Tcosθ componenets cancel and Tsinθ components add up to provide required centripetal force.
2Tsinθ2=dmv2R
Since θ is small ∴sinθ2≈θ2
∴2Tθ2=dmv2R⇒T(dxR)=mdx2πR×v2R⇒T=mv22πR