Primary Cooperative Agriculture and Rural Development Bank: For Sericulture In Irrigated Area
At a Glance
Scheme Category
Agriculture,Rural & Environment,Banking,Financial Services and Insurance,Land and water resources,Loan
Target Beneficiaries
Individual
Brief Description
The scheme provides loans to farmers for sericulture activities in irrigated areas, with a loan amount ranging from ₹49,000/- to ₹79,000/- per acre, and interest rates from 11% to 12.75%.
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 sericulture activities within irrigated areas. 1. The beneficiary should be interested in availing loan for sericulture activities. 1. The beneficiary should have the intention to use the loan specifically for sericulture 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 involvement in Sericulture activities (if required).
- Any other documents (if required).
FAQs
What is the objective of this scheme?
The scheme provides loans to farmers for sericulture activities in irrigated areas, with a loan amount ranging from ₹49,000/- to ₹79,000/- per acre, and interest rates from 11% to 12.75%.
What is the loan amount offered under this scheme?
The loan amount ranges from ₹49,000/- to ₹79,000/- per acre.
What is the interest rate on the loan?
The interest rate varies between 11% and 12.75%, subject to change.
Who is eligible for this loan?
Farmers involved in sericulture within irrigated areas are eligible.
What documents are required to apply?
Documents required include proof of identity, land ownership, proof of sericulture activity etc.
Is there any age or income limit for applicants?
No, there are no specified age or income limits.
How can one apply for this loan?
Applications can be submitted at the nearest Primary Cooperative Agriculture and Rural Development Bank branch.
Can this loan be used for non-sericulture purposes?
No, the loan is specifically meant for sericulture in irrigated areas.
Is the interest rate fixed?
The interest rate is subject to change and may vary from 11% to 12.75%.
Are there any additional charges or fees?
Any applicable fees (if applicable) will be communicated by the bank at the time of application.