PCARDFTC
Primary Cooperative Agriculture and Rural Development Bank: For Tractor Purchase
The scheme offers a specialized loan for farmers to purchase tractors, covering up to 90% of the tractor's cost.
States / UT: Tamil Nadu
Nodal department: Co-operation, Food and Consumer Protection Department
Scheme for: Individual
Scheme profile
DBT (direct benefit transfer): No
Categories: Agriculture,Rural & Environment, Banking,Financial Services and Insurance
Sub-categories: Mechanization- solar power, farming systems, Loan
Target beneficiaries: Individual
Tags: Agriculture, Loan, Farmer
Details
The "Primary Cooperative Agriculture and Rural Development Bank: For Tractor Purchase" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial assistance for acquiring tractors, covering up to 90% of the tractor's cost. The interest rate ranges from 11% to 12.25%, subject to market conditions.
Benefits
- - Access to Loan: Covers up to 90% of the tractor cost. - Interest Rate: 11% to 12.25% (subject to change). <br>
- Access to Loan: Covers up to 90% of the tractor cost. - Interest Rate: 11% to 12.25% (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 agriculture activities.
- The beneficiary should have the intention to use the loan specifically for purchasing Tractor.
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).
Documents Required
No document list is available for this scheme yet.
Official links
References
Apply
Apply nowOpens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.
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:
- Check eligibility criteria
- Collect required documents
- Fill the application form
- Submit the application online or at the relevant office
- Track application status