PCARDFHTN

Primary Cooperative Agriculture and Rural Development Bank: For Handloom and Other Non Farm Sector Activities

The scheme offers loans for handloom and other non-farm sector activities, with a maximum loan amount of up to ₹2,00,000/- at an interest rate of 11% to 12.5%. The scheme is designed to support farmers engaged in non-farm activities.

State Cash

States / UT: Tamil Nadu

Nodal department: Co-operation, Food and Consumer Protection Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Banking,Financial Services and Insurance

Sub-categories: Loan

Target beneficiaries: Individual

Tags: Handloom Loans, Non-farm Sector Activities, Farmer, Financial Assistance

Details

The "Primary Cooperative Agriculture and Rural Development Bank: For Handloom and Other Non Farm Sector Activities" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to offer financial support for handloom and other non-farm sector activities, enabling farmers to diversify income sources beyond agriculture. Loans under this scheme can be obtained based on the project cost, with a limit of ₹2,00,000/-. Interest rates range from 11% to 12.5%, subject to change.

Benefits

  • - Access to Loan: Up to ₹2,00,000/-. - Interest Rate: From 11% to 12.5%, (subject to change). <br>
  • Access to Loan: Up to ₹2,00,000/-. - Interest Rate: From 11% to 12.5%, (subject to change).

Eligibility

  • The beneficiary should be a resident of Tamil Nadu.
  • The beneficiary should be a farmer.
  • The beneficiary should be engaged in handloom or non-farm sector activities.
  • The beneficiary should be interested to avail the loan for handloom or non-farm sector activities.
  • The beneficiary should have the intention to use the loan specifically for handloom or non-farm sector activities.

Exclusions


Application Process

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).

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What is the objective of this scheme?
The scheme offers loans for handloom and other non-farm sector activities, with a maximum loan amount of up to ₹2,00,000/- at an interest rate of 11% to 12.5%. The scheme is designed to support farmers engaged in non-farm activities.
Who is eligible to apply for this loan?
Farmers engaged in, or seeking to start, handloom or other non-farm activities are eligible.
What is the maximum loan amount available?
The maximum loan amount under this scheme is ₹2,00,000/- based on the project cost.
What is the interest rate for the loan?
The loan carries an interest rate between 11% and 12.5%, which may vary.
Is the interest rate fixed or subject to change?
The interest rate is subject to change based on bank policies.
Are there any income restrictions for eligibility?
No specific income limit is mentioned for eligibility in this scheme.
What types of activities are eligible under 'non-farm' activities?
Eligible non-farm activities include handloom production and other similar initiatives outside traditional farming.
How can applicants contact the bank for further details?
Applicants can visit their local Primary Cooperative Agriculture and Rural Development Bank or reach out to the Secretary or Special Officer for more information.

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status