The “Primary Cooperative Agriculture and Rural Development Bank: For Sericulture In Irrigated Area” scheme, launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to support farmers involved in sericulture within irrigated areas. This scheme offers loans on a per-acre basis to enable farmers to enhance their sericulture activities. Loan amounts range between ₹49,000 and ₹79,000 per acre, with interest rates varying between 11% to 12.75% per annum (subject to change).
Benefits
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Access to Loan:
Loan amounts ranging from ₹49,000 to ₹79,000 per acre are provided to eligible farmers. -
Interest Rate:
The interest rate is set between 11% to 12.75% per annum (subject to change).
Eligibility
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Residency:
The beneficiary must be a resident of Tamil Nadu. -
Farmer Status:
The beneficiary must be a farmer engaged in sericulture activities. -
Activity Requirement:
The loan is exclusively for sericulture activities within irrigated areas, and the beneficiary should have the intention to use the funds for these purposes.
Application Process
Offline
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Collect the Application Form:
The interested applicant should contact the Secretary or Special Officer of the Primary Cooperative Agriculture and Rural Development Bank to obtain the application form. -
Fill in the Form:
Complete the application form by filling in all mandatory fields, attach a passport-sized photograph (signed across, if required), and include self-attested copies of all required documents. -
Submit the Form:
Submit the duly filled and signed application form along with the necessary documents to the concerned authority. -
Obtain Acknowledgment:
Request a receipt or acknowledgment that includes the date and time of submission and a unique identification number (if applicable).
Documents Required
- Identity proof (e.g., Aadhaar Card, PAN Card)
- Address proof
- Proof of involvement in sericulture activities (if required)
- Any other documents as specified by the scheme guidelines
Frequently Asked Questions
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What is the objective of this scheme?
To provide financial support for sericulture activities in irrigated areas by offering per-acre loans to farmers. -
What is the loan amount offered under this scheme?
Loans range between ₹49,000 and ₹79,000 per acre. -
What is the interest rate on the loan?
The interest rate is between 11% to 12.75% per annum (subject to change). -
Who is eligible for this loan?
Eligible applicants must be residents of Tamil Nadu who are farmers actively engaged in sericulture within irrigated areas. -
What documents are required to apply?
Applicants need to provide identity proof, address proof, and any additional documents such as proof of involvement in sericulture, as required. -
Is there any age or income limit for applicants?
No specific age or income limits are mentioned; the primary eligibility is based on residency, farmer status, and engagement in sericulture within irrigated areas. -
How can one apply for this loan?
Applications are submitted offline by collecting the application form from the designated bank office, filling it out, and submitting it along with the required documents. -
Can this loan be used for non-sericulture purposes?
No, the loan must be used exclusively for sericulture activities in irrigated areas. -
Is the interest rate fixed?
The interest rate is set within a range (11% to 12.75%) and is subject to change.