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Primary Cooperative Agriculture and Rural Development Bank: For Fishing Boats (Catamarans)

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Revised Official listing text, not yet reviewedHow entries are compiled

Program brief

Form of supportCash, paid into the bank account
Meant forFarmers, Fishermen
LevelState, Tamil Nadu
FieldBanking,Financial Services and Insurance
How to applyOffline
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Contents of this entry
  1. Overview
  2. Benefits
  3. Eligibility
  4. Documents
  5. Application steps
  6. Questions and answers

Overview

Primary Cooperative Agriculture and Rural Development Bank: For Fishing Boats (Catamarans)

The scheme provides loans to farmers for purchasing fishing boats (Catamarans) ranging from Rs. 15,000/- to Rs. 60,000/- with an applicable interest rate subject to change.

The "Primary Cooperative Agriculture and Rural Development Bank: For Fishing Boats (Catamarans)" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to offer financial assistance to farmers for acquiring fishing boats (Catamarans). The maximum loan amount is between Rs. 15,000/- and Rs. 60,000/-, with interest rates subject to periodic updates.

Further facts from the listing

Scheme forIndividual
DBT (direct bank transfer)No

Benefits

  • Access to Loan: Ranges from Rs. 15,000/- to Rs. 60,000/- for purchasing fishing boats.
  • Interest Rate: As per the bank policy (subject to change).

Eligibility

Age
18 to 55 years
State
Tamil Nadu
  • The beneficiary should be a resident of Tamil Nadu.
  • The beneficiary should be a farmer.
  • The beneficiary should be engaged in fishing activities.
  • The beneficiary should be interested in availing loan for Fishing Boats (Catamarans) from the Primary Cooperative Agriculture and Rural Development Bank.
  • The beneficiary should have the intention to use the loan specifically for purchasing a fishing boat (Catamaran).

Who cannot apply

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Documents

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Application steps

Offline

Step 1: The interested applicant should collect the application form from 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).

Questions and answers

What is the objective of this scheme?

The scheme provides loans to farmers for purchasing fishing boats (Catamarans) ranging from Rs. 15,000/- to Rs. 60,000/- with an applicable interest rate subject to change.

Who sponsors this scheme?

The scheme is sponsored by the state government.

Who is eligible for this scheme?

Farmers residing in Tamil Nadu who are engaged in fishing activities are eligible for the scheme.

What is the purpose of the loan under this scheme?

The loan is intended specifically for purchasing fishing boats (Catamarans).

What is the range of the loan amount available?

The loan amount ranges between Rs. 15,000/- and Rs. 60,000/.

What is the interest rate applicable to the loan?

The interest rate is subject to change as per the bank's policies.

Is a fishing license required to apply for the loan?

A fishing license may be required depending on regional regulations and bank requirements.

What documents are required to apply for the scheme?

Documents such as proof of identity, address proof, proof of farming occupation, and a fishing license (if applicable) are needed.

How can applicants apply for the loan?

Applicants need to visit the nearest Primary Cooperative Agriculture and Rural Development Bank branch and follow the prescribed application process.

Are there any specific community or income criteria to avail of the scheme?

No specific community or income criteria are set for the scheme.

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