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 of Tamil Nadu, aims to provide financial support for handloom and other non-farm sector activities. This initiative enables farmers to diversify their income sources beyond traditional agriculture by offering loans up to ₹2,00,000/-. The scheme is designed to empower farmers engaged in handloom or other non-farm activities, supporting their efforts to expand their businesses and improve their livelihoods.
Benefits
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Loan Amount:
Beneficiaries can access loans up to ₹2,00,000/- based on project cost. -
Interest Rate:
The interest rates are between 11% and 12.5% per annum (subject to change).
Eligibility
- Residency:
The applicant must be a resident of Tamil Nadu. - Occupation:
The beneficiary should be a farmer engaged in handloom or other non-farm sector activities. - Purpose:
The applicant must intend to use the loan specifically for handloom or non-farm sector activities.
Application Process
Offline
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Collect Application Form:
Interested applicants must contact the Secretary or Special Officer of the Primary Cooperative Agriculture and Rural Development Bank to collect the application form. -
Fill and Attach:
Complete the application form by filling in all mandatory fields, paste a passport-sized photograph (signed across if required), and attach copies of all required documents (self-attested if required). -
Submit Application:
Submit the duly filled and signed application form along with the necessary documents to the concerned authority. -
Acknowledgment:
Obtain a receipt or acknowledgment from the authority, ensuring it includes the date, time, and a unique identification number if applicable.
Documents Required
- Identity proof (e.g., Aadhaar, PAN Card)
- Address proof
- Proof of agricultural occupation (if applicable, for handloom and other non-farm sector activities)
- Any additional documents as required by the bank
Frequently Asked Questions
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What is the objective of this scheme?
To offer financial support for handloom and other non-farm activities, enabling farmers to diversify income sources. -
Who is eligible to apply for this loan?
The scheme is available to residents of Tamil Nadu who are farmers engaged in handloom or non-farm sector activities. -
What is the maximum loan amount available?
Loans can be granted up to ₹2,00,000/-. -
What is the interest rate for the loan?
Interest rates range from 11% to 12.5% per annum (subject to change). -
Are there any income restrictions for eligibility?
The provided details do not specify income restrictions; eligibility is based on occupation and intended use of the loan. -
What types of activities are eligible under ‘non-farm’ activities?
Eligible activities include handloom and other non-farm sector activities aimed at diversifying income for farmers. -
How can applicants contact the bank for further details?
Applicants should contact the Primary Cooperative Agriculture and Rural Development Bank through the office of the Secretary or Special Officer.