PCAARDFH

Primary Cooperative Agriculture and Rural Development Bank: For Horticulture

The scheme offers a horticulture loan to support farmers with funds ranging from ₹25,000/- to ₹2,00,000/- per 0.4 hectare at an interest rate of 11%-12.75%.

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: Horticulture Loan, Farmer, Financial Assistance

Details

The "Primary Cooperative Agriculture and Rural Development Bank: For Horticulture" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial support to farmers through loans for horticulture purposes. The loan amount varies from ₹25,000/- to ₹2,00,000/- per 0.4 hectare, helping farmers expand or improve their horticultural activities. Interest rates range from 11% to 12.75%, subject to market conditions.

Benefits

  • - Access to Loan: From Rs.25,000/- to 2,00,000/- per 0.4 hectare. - Interest Rate: From 11% to 12.5%, (subject to change)
  • Access to Loan: From Rs.25,000/- to 2,00,000/- per 0.4 hectare. - 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 horticultural activities.
  • The beneficiary should be interested in availing loan for horticultural activities.
  • The beneficiary should have the intention to use the loan specifically for horticultural activities.

Application Process

Offline

Step 1: The interested applicant should collect the application form by contacting the Secretary/ Special Officer 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 a horticulture loan to support farmers with funds ranging from ₹25,000/- to ₹2,00,000/- per 0.4 hectare at an interest rate of 11%-12.75%.
Who is eligible for this loan?
Farmers residing in Tamil Nadu and engaged in horticultural activities are eligible for this loan.
What is the minimum loan amount available?
The minimum loan amount under this scheme is ₹25,000/-.
What is the maximum loan amount offered?
The maximum loan amount is ₹2,00,000/- per 0.4 hectare.
What is the interest rate on this loan?
The interest rate ranges from 11% to 12.75%, subject to change.
Can the interest rate vary?
Yes, the interest rate may change based on market conditions.
How can one apply for this loan?
The interested applicant should collect the application form by contacting the Secretary/ Special Officer of the Primary Cooperative Agriculture and Rural Development Bank.
Is there an age limit for applicants?
The scheme does not specify an age limit for applicants.
Are there any income requirements for eligibility?
There are no specific income requirements mentioned for this scheme.
Is there a processing fee?
Applicants should consult the bank for any applicable processing fees.

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