Primary Cooperative Agriculture and Rural Development Bank: For Power Tiller
योजनेविषयी
The "Primary Cooperative Agriculture and Rural Development Bank: Power Tiller" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial assistance to farmers for purchasing a power tiller, with up to 90% of the cost covered through a loan. This initiative aims to support agricultural productivity by making essential farming equipment more accessible. The interest rate on the loan ranges from 11% to 12.25%.
लाभ
- Access to Loan: Up to 90% of the cost of a power tiller. - Interest Rate: 11% to 12.25% (subject to change).
पात्रता
- The beneficiary should be a resident of Tamil Nadu.
- The beneficiary should be a farmer.
- The beneficiary should be engaged in agricultural activities.
- The beneficiary should be interested in availing of a loan for purchasing power tiller.
- The beneficiary should have the intention to use the loan specifically for purchasing power tiller.
अर्ज कसा करावा
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, and a unique identification number (if applicable).
आवश्यक कागदपत्रे
- Identity proof (Aadhaar, PAN card, etc.).
- Address proof.
- Proof of Farming (if required).
- Any other documents (if required).
कोण पात्र नाही
वारंवार विचारले जाणारे प्रश्न
- What is the objective of this scheme?
The scheme offers loans to farmers covering up to 90% of the cost of a power tiller, with an interest rate between 11% and 12.25%.
- Who is eligible for this scheme?
Farmers engaged in agricultural activities are eligible for this loan.
- What is the purpose of this loan?
The loan is intended specifically for purchasing a power tiller to assist in farming activities.
- What percentage of the power tiller’s cost is covered by the loan?
The loan covers up to 90% of the cost of a power tiller.
- What is the interest rate on this loan?
The interest rate on the loan ranges from 11% to 12.25%.
- Is the interest rate fixed or subject to change?
The interest rate is subject to change, depending on bank policies.
- What documents are required to apply for the loan?
Required documents include proof of identity, proof of address, proof of farming etc.
- Is there an age limit for eligibility under this scheme?
There is no specific age limit mentioned for eligibility.
- Can applicants apply for this loan online?
Currently, applications must be submitted in person at a Primary Cooperative Agriculture and Rural Development Bank branch.
- What is the repayment period for the loan?
The bank will specify the repayment period upon loan approval.
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