Primary Cooperative Agriculture and Rural Development Bank: For Horticulture
The scheme offers a horticulture loan to support farmers with funds ranging from ₹25,000/- to ₹2,00,000/- per 0.4 hectare at an interest rate of 11%-12.75%.
What you get
- Access to Loan: From Rs.25,000/- to 2,00,000/- per 0.4 hectare. - Interest Rate: From 11% to 12.5%, (subject to change).
Who can apply
- The beneficiary should be a resident of Tamil Nadu.
- The beneficiary should be a farmer.
- The beneficiary should be engaged in horticultural activities.
- The beneficiary should be interested in availing loan for horticultural activities.
- The beneficiary should have the intention to use the loan specifically for horticultural activities.
How to apply
Offline
Step 1: The interested applicant should collect the application form by contacting the Secretary/ Special Officer 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).
Details
The "Primary Cooperative Agriculture and Rural Development Bank: For Horticulture" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial support to farmers through loans for horticulture purposes. The loan amount varies from ₹25,000/- to ₹2,00,000/- per 0.4 hectare, helping farmers expand or improve their horticultural activities. Interest rates range from 11% to 12.75%, subject to market conditions.