The “Primary Cooperative Agriculture and Rural Development Bank: For Minor Irrigation” scheme, launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, is designed to provide financial assistance to farmers through loans specifically intended for minor irrigation projects. The scheme aims to improve water availability for agriculture, thereby enhancing crop productivity and supporting sustainable rural development.
Benefits
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Loan Amount:
Eligible farmers can obtain loans ranging from ₹65,000 to ₹1,20,000. -
Interest Rate:
The interest rate is set between 11% and 11.75% per annum (subject to change).
Eligibility
- The beneficiary must be a resident of Tamil Nadu.
- The beneficiary must be a farmer engaged in agriculture.
- The beneficiary should require support for minor irrigation projects.
- The loan must be used exclusively for minor irrigation purposes.
Application Process
Offline
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Collect the Application Form:
Contact the Secretary or Special Officer of the Primary Cooperative Agriculture and Rural Development Bank to obtain the application form. -
Complete the Form:
Fill in all mandatory fields on the application form, attach a passport-sized photograph (signed across, if required), and include self-attested copies of all necessary documents. -
Submit the Form:
Submit the duly filled and signed application form along with the required documents to the concerned authority. -
Obtain Acknowledgment:
Request a receipt or acknowledgment from the authority. The receipt should detail the date and time of submission and include a unique identification number (if applicable).
Documents Required
- Identity proof (e.g., Aadhaar Card, PAN Card)
- Address proof
- Proof of land ownership or lease
- Any additional documents as required by the scheme guidelines
Frequently Asked Questions
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What is the objective of this scheme?
To provide financial support for minor irrigation projects that enhance water availability for agriculture. -
What is the minimum amount of loan available?
The minimum loan amount available is ₹65,000. -
What is the maximum loan amount?
The maximum loan amount is ₹1,20,000. -
What are the interest rates for the loan?
The interest rate is between 11% and 11.75% per annum (subject to change). -
Is there a specific income requirement to qualify?
The scheme details do not specify an income criterion; eligibility is primarily based on residency, farmer status, and the need for minor irrigation support. -
What documents are required to apply?
Required documents include identity proof, address proof, and proof of land ownership or lease, among any additional documents specified. -
How can an applicant apply for the loan?
Applications must be submitted offline by collecting the application form from the designated bank office. -
Who can the applicant contact for further assistance?
Applicants should contact the Secretary or Special Officer of the Primary Cooperative Agriculture and Rural Development Bank. -
Can farmers from all communities apply?
Yes, the scheme is open to all farmers who are residents of Tamil Nadu and require financial support for minor irrigation. -
Is the loan’s interest rate fixed or adjustable?
The interest rate is set within the range of 11% to 11.75% and is subject to change as per prevailing conditions.