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This scheme helps Tamil Nadu farmers get loans to boost their income by investing in livestock for Read More... animal husbandry. Read less

Details

Looking to expand your livestock or start an animal husbandry venture? The Co-operation, Food and Consumer Protection Department of Tamil Nadu has a scheme that might be just what you need.

What Is This Scheme?

This initiative, managed by the Primary Cooperative Agriculture and Rural Development Bank, is designed to offer financial support specifically for animal husbandry activities. It aims to help farmers in Tamil Nadu grow their livestock and, in turn, increase their earnings.

Who Can Benefit From This Scheme?

If you are a farmer residing in Tamil Nadu and are involved in or wish to get involved in raising animals like buffaloes or goats, this scheme is for you. It’s for those who want to use a loan to purchase livestock and improve their farming operations.

Why This Scheme Is Important

By providing access to loans for purchasing animals, this scheme plays a crucial role in strengthening the agricultural backbone of Tamil Nadu. It empowers farmers to diversify their income sources, contributing to rural development and economic stability.

Objective

This scheme helps Tamil Nadu farmers get loans to boost their income by investing in livestock for animal husbandry.

Benefits

Financial assistance for house construction for building workers:

Unskilled Labour: ₹1,00,000/-.

Simi-Skilled Labour: ₹1,50,000/-.

Skilled Labour: ₹2,00,000/-.

Rate of Interest:

Simple interest rate of 5% per annum.

Repayment:

5-year repayment period with monthly installments.

Sources and references

Guidelines

Eligibility Criteria

You must be a resident of Tamil Nadu.
You should be a farmer.
You must be actively involved in animal husbandry.
You should be keen to take an Animal Husbandry Loan from the Primary Cooperative Agriculture and Rural Development Bank.
The loan must be used strictly for animal husbandry purposes, such as buying buffaloes or goats.

How To Apply

Interested farmers should collect the application form from the office of the Primary Cooperative Agriculture and Rural Development Bank.
Contact the Secretary or the Special Officer at the bank to obtain the form and guidance.

Note: For the exact address and contact details, it is best to visit your nearest Primary Cooperative Agriculture and Rural Development Bank branch.

Documents Required

Proof of Identity (like Aadhaar Card, PAN Card, etc.)
Proof of Address
Proof of agricultural occupation (e.g., Farmer's certificate, if applicable)
Any other documents as requested by the bank.

FAQ’s

What is the main goal of this scheme?

The scheme aims to provide financial support to farmers for animal husbandry activities, helping them purchase livestock like buffaloes or goats to improve their income.

Who is sponsoring this initiative?

This scheme is sponsored by the state government of Tamil Nadu.

How much money can a farmer get for buying animals?

Farmers can get up to ₹20,000/- for purchasing 2 buffaloes and up to ₹24,500/- for purchasing 21 goats under this scheme.

What is the interest rate on the loans provided?

The interest rate for these loans typically falls between 14.5% and 16.5%, though this can be revised by the bank.

Who is allowed to apply for this loan?

Farmers who are residents of Tamil Nadu and are engaged in animal husbandry activities are eligible to apply.

What kind of proof do I need to submit when applying?

You will need to provide identity proof, address proof, and if applicable, proof of your agricultural occupation. The bank may also ask for other documents.

Is there a specific income requirement to be eligible?

The provided information does not mention any specific income limit for applicants to be eligible for this scheme.

Can I use the loan money for something other than buying animals?

No, the loan amount is strictly meant for animal husbandry purposes, such as buying buffaloes or goats. You cannot use it for other expenses.

Where can I get the loan application form?

You can collect the application form by reaching out to the Secretary or the Special Officer at the office of your local Primary Cooperative Agriculture and Rural Development Bank.

Who should I contact if I need more information about the scheme?

For further details, farmers should contact the Secretary or the Special Officer at the Primary Cooperative Agriculture and Rural Development Bank.

Are there any age restrictions for applicants?

The age requirements for applicants are decided based on the specific policies set by the Primary Cooperative Agriculture and Rural Development Bank.