About this banking scheme
The scheme offers jewel loans to farmers, enabling them to access up to Rs. 2,00,000/- at an interest rate of 11.5% for agricultural purposes.
The "Primary Cooperative Agriculture and Rural Development Bank: Jewel Loans" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial assistance to farmers through jewel loans. The loan amount can be up to Rs. 2,00,000/-, with an interest rate of 11.5% (subject to change).
Benefits at a glance
| Scheme name | Primary Cooperative Agriculture and Rural Development Bank: Jewel Loans (PCAARDJL) |
|---|---|
| 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/- based on the value of the pledged jewels.
Interest Rate: 11.5% (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 agricultural activities.
Papers to keep ready
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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 jewel loans to farmers, enabling them to access up to Rs. 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 Rs. 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.
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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