Primary Cooperative Agriculture and Rural Development Bank: Jewel Loans
At a Glance
Scheme Category
Banking,Financial Services and Insurance,Loan
Target Beneficiaries
Individual
Brief Description
The scheme offers jewel loans to farmers, enabling them to access up to ₹2,00,000/- at an interest rate of 11.5% for agricultural purposes.
Benefit Type
Cash
Eligibility Criteria
1. The beneficiary should be a resident of Tamil Nadu. 1. The beneficiary should be a farmer. 1. The beneficiary should be engaged in agricultural activities.
Application Mode
Offline
Application Process
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).
Required Documents
- Identity proof (Aadhaar, PAN card, etc.). Address proof. Proof of Land Ownership or Lease. Jewels purchase/invoice details. Any other documents (if required).
FAQs
What is the objective of this scheme?
The scheme offers jewel loans to farmers, enabling them to access up to ₹2,00,000/- at an interest rate of 11.5% for agricultural purposes.
What is the maximum loan amount under this scheme?
The maximum loan amount available is ₹2,00,000/-.
What is the applicable interest rate for the loan?
The interest rate is set at 11.5%, though this may change over time.
Who is eligible to apply for this loan?
Farmers engaged in agricultural activities are eligible to apply for the loan.
Is there any income requirement for eligibility?
No, there is no specified income requirement to qualify for this loan.
Is there an age restriction to apply for the loan?
There is no specified age limit for applicants.
What kind of collateral is required?
Jewels must be pledged as collateral for this loan.
How can one apply for the loan?
Applicants can apply by visiting the Primary Cooperative Agriculture and Rural Development Bank and meeting with the Secretary or Special Officer.
What documents are required for the loan application?
Applicants need to provide proof of identity, address proof, proof of agricultural activity, and jewels for collateral.
Who should be contacted for more information about the loan?
Applicants may contact the Secretary or Special Officer at the bank for further information.