Primary Cooperative Agriculture and Rural Development Bank: For Animal Husbandry 2026
This scheme by the Tamil Nadu government helps farmers buy power tillers by offering loans that cover Read More... up to 90% of the cost, with interest rates between 11% and 12.25%. Read less
Details
Farming in Tamil Nadu just got a boost! The state's Co-operation, Food and Consumer Protection Department has rolled out a scheme to make it easier for farmers to get their hands on essential farming equipment.
What Is This Scheme About?
It's a special loan scheme designed to help farmers purchase a power tiller. Through the Primary Cooperative Agriculture and Rural Development Bank, farmers can get financial assistance to buy this crucial piece of machinery. The goal is to improve agricultural productivity by making modern farming tools more accessible.
Who Is This Scheme For?
This opportunity is for all genuine farmers in Tamil Nadu who are actively involved in agricultural activities. If you're looking to upgrade your farming methods with a power tiller, this scheme is tailored for you.
Why Is This Scheme Important?
A power tiller can significantly ease the workload for farmers, improve soil preparation, and ultimately lead to better crop yields. By covering a large portion of the cost through a loan, the scheme aims to remove a major financial hurdle for farmers wanting to invest in their farms.
Objective
Benefits
- Access to Loan:
- For purchasing 2 Buffaloes:₹20,000/-.
- For purchasing 21 Goats:24,500/-.
- Interest Rate:14.5% to 16.5% (subject to change).
Sources and references
Who Can Apply?
- You must be a resident of Tamil Nadu.
- You must be a farmer.
- You should be actively involved in farming.
- You must be keen on taking a loan specifically to buy a power tiller.
- The loan amount must be used solely for the purchase of a power tiller.
How To Apply
To apply for this loan, you'll need to visit your nearest Primary Cooperative Agriculture and Rural Development Bank branch. You'll have to submit your application and required documents in person.
Documents Needed
- Identity proof (like Aadhaar card, PAN card, etc.)
- Proof of your current address
- Evidence of your farming activities (if needed by the bank)
- Any other documents the bank may ask for
FAQ’s
What's the main goal of this loan scheme?
The scheme aims to help farmers buy power tillers by providing loans that cover most of the cost, with interest rates between 11% and 12.25%.
Can I get a loan for something other than a power tiller under this scheme?
No, this loan is specifically meant for purchasing a power tiller to support your agricultural work.
What's the maximum amount I can borrow for a power tiller?
You can get a loan that covers up to 90% of the price of the power tiller you wish to buy.
Is there an age limit to apply for this loan?
The scheme details don't mention a specific age limit for applicants.
How do I apply for this loan?
You need to visit a branch of the Primary Cooperative Agriculture and Rural Development Bank and submit your application there.
What kind of proof do I need to show that I'm a farmer?
You'll likely need to provide proof of farming, along with identity and address proof. The bank might ask for additional documents.
Does the interest rate stay the same throughout the loan period?
The interest rate is currently between 11% and 12.25%, but it can change based on the bank's policies.
What is the repayment term for this loan?
The bank will inform you about the repayment period once your loan is approved.
Who is eligible to get this loan?
Farmers living in Tamil Nadu who are actively engaged in agricultural activities are eligible to apply.
Can I apply for this loan online?
No, the application process currently requires you to visit a Primary Cooperative Agriculture and Rural Development Bank branch in person.
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