Primary Cooperative Agriculture and Rural Development Bank: For Sericulture In Irrigated Area
About this scheme
The "Primary Cooperative Agriculture and Rural Development Bank: For Sericulture In Irrigated Area" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to support farmers involved in sericulture within irrigated areas by offering loans ranging from ₹49,000/- to ₹79,000/- per acre. The interest rate varies between 11% to 12.75% (subject to change).
Benefits
- Access to Loan: Loan amount between ₹49,000/-to ₹79,000/- per acre. - Interest Rate: 11% to 12.75% (subject to change).
Who is Eligible
- The beneficiary should be a resident of Tamil Nadu.
- The beneficiary should be a farmer.
- The beneficiary should be engaged in sericulture activities within irrigated areas.
- The beneficiary should be interested in availing loan for sericulture activities.
- The beneficiary should have the intention to use the loan specifically for sericulture activities.
How to Apply
Offline
Step-1: The interested applicant should collect the application form by contacting the Secretary/ Special Officer of the Primary Cooperative Agriculture and Rural Development Bank.
Step-2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step-3: Submit the duly filled and signed application form along with the documents to the concerned authority.
Step-4: Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, a unique identification number (if applicable).
Documents Required
- Identity proof (Aadhaar, PAN card, etc.).
- Address proof.
- Proof of involvement in Sericulture activities (if required).
- Any other documents (if required).
Who Is Not Eligible
Frequently Asked Questions
- What is the objective of this scheme?
The scheme provides loans to farmers for sericulture activities in irrigated areas, with a loan amount ranging from [?]49,000/- to [?]79,000/- per acre, and interest rates from 11% to 12.75%.
- What is the loan amount offered under this scheme?
The loan amount ranges from [?]49,000/- to [?]79,000/- per acre.
- What is the interest rate on the loan?
The interest rate varies between 11% and 12.75%, subject to change.
- Who is eligible for this loan?
Farmers involved in sericulture within irrigated areas are eligible.
- What documents are required to apply?
Documents required include proof of identity, land ownership, proof of sericulture activity etc.
- Is there any age or income limit for applicants?
No, there are no specified age or income limits.
- How can one apply for this loan?
Applications can be submitted at the nearest Primary Cooperative Agriculture and Rural Development Bank branch.
- Can this loan be used for non-sericulture purposes?
No, the loan is specifically meant for sericulture in irrigated areas.
- Is the interest rate fixed?
The interest rate is subject to change and may vary from 11% to 12.75%.
- Are there any additional charges or fees?
Any applicable fees (if applicable) will be communicated by the bank at the time of application.
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