The “Primary Cooperative Agriculture and Rural Development Bank: For Fishing Boats (Catamarans)” scheme, launched by the Co-operation, Food and Consumer Protection Department of Tamil Nadu, is designed to provide financial assistance to farmers for the purchase of fishing boats (specifically, catamarans). This scheme aims to support farmers engaged in fishing activities by offering loans that help enhance their income through improved access to modern fishing vessels. The maximum loan amount available ranges from ₹15,000/- to ₹60,000/-, with interest rates determined as per the bank policy and subject to periodic updates.
Benefits
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Access to Loan:
Eligible farmers can secure a loan ranging from ₹15,000/- to ₹60,000/- specifically for purchasing fishing boats (catamarans). -
Flexible Financial Assistance:
The scheme offers competitive interest rates in line with the prevailing bank policies, ensuring that farmers receive affordable credit for upgrading their fishing operations.
Eligibility
- The beneficiary must be a resident of Tamil Nadu.
- The applicant should be a farmer.
- The beneficiary must be engaged in fishing activities.
- The loan must be used specifically for purchasing a fishing boat (catamaran) from the Primary Cooperative Agriculture and Rural Development Bank.
- Additional eligibility criteria may include verification of the applicant’s agricultural occupation or fishing license, if applicable.
Application Process
Offline
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Collect Application Form:
The interested applicant should visit the Primary Cooperative Agriculture and Rural Development Bank to collect the application form. -
Complete the Form:
Fill in all the mandatory fields on the application form. If required, paste a passport-sized photograph (signed across) and attach self-attested copies of all mandatory documents. -
Submit Application:
Submit the duly filled and signed application form along with the necessary documents to the concerned authority at the bank. -
Obtain Acknowledgment:
Ensure you receive a receipt or acknowledgment containing essential details such as the date and time of submission, along with a unique identification number (if applicable).
Documents Required
- Identity Proof:
Aadhaar Card, PAN Card, etc. - Address Proof:
Any valid document as per bank guidelines. - Proof of Agricultural Occupation:
Documents such as proof of being a fisherman or a fishing license (if applicable). - Fishing License:
Required if applicable. - Additional Documents:
Any other documents as mandated by the bank.
Frequently Asked Questions
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What is the objective of this scheme?
The scheme aims to offer financial assistance to farmers for purchasing fishing boats (catamarans) to enhance their fishing capabilities and income. -
Who sponsors this scheme?
The scheme is sponsored by the Co-operation, Food and Consumer Protection Department of Tamil Nadu. -
Who is eligible for this scheme?
The scheme is open to residents of Tamil Nadu who are farmers engaged in fishing activities and intend to purchase a catamaran for their fishing operations. -
What is the purpose of the loan under this scheme?
The loan is specifically for the purchase of fishing boats (catamarans). -
What is the range of the loan amount available?
Loans are available from ₹15,000/- to ₹60,000/-. -
What is the interest rate applicable to the loan?
Interest rates are as per the bank policy and are subject to periodic updates. -
Is a fishing license required to apply for the loan?
A fishing license may be required if applicable; check with the bank for specific documentation. -
What documents are required to apply for the scheme?
Applicants must provide identity and address proof, proof of agricultural occupation (such as a fishing license), and any additional documents as required by the bank. -
How can applicants apply for the loan?
Applicants need to apply offline by collecting and submitting the application form at the Primary Cooperative Agriculture and Rural Development Bank. -
Are there any specific community or income criteria to avail of the scheme?
The scheme is primarily targeted at farmers engaged in fishing; additional community or income criteria, if any, would be detailed in the official guidelines.