Program brief
| Form of support | Cash, paid into the bank account |
|---|---|
| Meant for | Farmers |
| Level | State, Tamil Nadu |
| Field | Agriculture,Rural & Environment |
| How to apply | Offline |
Contents of this entry
Overview
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.
Further facts from the listing
| Scheme for | Individual |
|---|---|
| DBT (direct bank transfer) | No |
Benefits
- Access to Loan: Covers up to 90% of the tractor cost.
- Interest Rate: 11% to 12.25% (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 agriculture activities.
- The beneficiary should have the intention to use the loan specifically for purchasing Tractor.
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 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).
Questions and answers
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.
Official portal and guidelines
Applications are submitted only on the provider's own portal. jsrr.in does not accept forms, documents or fees.
jsrr.in is an independent index, not a funding agency or a government body. The provider's official call is final: confirm every condition, amount and date there, and do not pay anyone who offers to apply for you.
This entry reproduces the official listing and has not yet been rewritten or reviewed by our team. Read the official call before you apply.
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