About this agriculture scheme
The scheme offers a specialized loan for farmers to purchase tractors, covering up to 90% of the tractor's cost.
The "Primary Cooperative Agriculture and Rural Development Bank: For Tractor Purchase" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial assistance for acquiring tractors, covering up to 90% of the tractor's cost. The interest rate ranges from 11% to 12.25%, subject to market conditions.
Benefits at a glance
| Scheme name | Primary Cooperative Agriculture and Rural Development Bank: For Tractor Purchase (PCARDFTC) |
|---|---|
| Launched by | Co-operation, Food and Consumer Protection Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Agriculture |
| 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: Covers up to 90% of the tractor cost.
- Interest Rate: 11% to 12.25% (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 agriculture activities.
- The beneficiary should have the intention to use the loan specifically for purchasing Tractor.
Who is not eligible
<br>
Papers to keep ready
0/5 documents ready
Tap a document to mark it as ready. Progress is saved on this device.
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 a specialized loan for farmers to purchase tractors, covering up to 90% of the tractor's cost.
Who is eligible to apply for this loan?
Farmers actively engaged in agricultural activities are eligible to apply.
What is the maximum loan amount offered?
The scheme provides a loan covering up to 90% of the tractor's cost.
What interest rate applies to this loan?
The interest rate ranges from 11% to 12.25%, subject to periodic adjustments.
Is there an age limit for applicants?
No specific age limit is mentioned for applicants under this scheme.
What documents are needed for the application process?
Applicants must submit identity proof, address proof, land ownership documents etc.
How can applicants apply for the loan?
Interested farmers can visit their nearest Primary Cooperative Agriculture and Rural Development Bank branch and speak to the Secretary or Special Officer.
Is there an application fee involved?
Applicants should check with the bank, as any applicable fees may vary by location.
Can this loan be used to purchase other farming equipment?
No, this loan is specifically intended for tractor purchases only.
Does this scheme have a validity period?
Scheme validity may depend on state policy, so applicants are advised to confirm with the bank for current 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.
Explore more
