About this banking scheme
The scheme offers loans for handloom and other non-farm sector activities, with a maximum loan amount of up to Rs. 2,00,000/- at an interest rate of 11% to 12.5%. The scheme is designed to support farmers engaged in non-farm activities.
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, Tamil Nadu, aims to offer financial support for handloom and other non-farm sector activities, enabling farmers to diversify income sources beyond agriculture. Loans under this scheme can be obtained based on the project cost, with a limit of Rs. 2,00,000/-. Interest rates range from 11% to 12.5%, subject to change.
Benefits at a glance
| Scheme name | Primary Cooperative Agriculture and Rural Development Bank: For Handloom and Other Non Farm Sector Activities (PCARDFHTN) |
|---|---|
| Launched by | Co-operation, Food and Consumer Protection Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | State · Tamil Nadu |
| Official portal | tn.gov.in (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Age | 18 to 55 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 55 years
- 💼Farmer
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Access to Loan: Up to Rs. 2,00,000/-.
- Interest Rate: From 11% to 12.5%, (subject to change).
Who qualifies
- The beneficiary should be a resident of Tamil Nadu.
- The beneficiary should be a farmer.
- The beneficiary should be engaged in handloom or non-farm sector activities.
- The beneficiary should be interested to avail the loan for handloom or non-farm sector activities.
- The beneficiary should have the intention to use the loan specifically for handloom or non-farm sector activities.
Who is not eligible
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Registration walkthrough
Offline
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).
Frequently asked questions
What is the objective of this scheme?
The scheme offers loans for handloom and other non-farm sector activities, with a maximum loan amount of up to Rs. 2,00,000/- at an interest rate of 11% to 12.5%. The scheme is designed to support farmers engaged in non-farm activities.
Who is eligible to apply for this loan?
Farmers engaged in, or seeking to start, handloom or other non-farm activities are eligible.
What is the maximum loan amount available?
The maximum loan amount under this scheme is Rs. 2,00,000/- based on the project cost.
What is the interest rate for the loan?
The loan carries an interest rate between 11% and 12.5%, which may vary.
Is the interest rate fixed or subject to change?
The interest rate is subject to change based on bank policies.
Are there any income restrictions for eligibility?
No specific income limit is mentioned for eligibility in this scheme.
What types of activities are eligible under 'non-farm' activities?
Eligible non-farm activities include handloom production and other similar initiatives outside traditional farming.
How can applicants contact the bank for further details?
Applicants can visit their local Primary Cooperative Agriculture and Rural Development Bank or reach out to the Secretary or Special Officer for more information.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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