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Banking,Financial Services and InsuranceState/ UT Level

Primary Cooperative Agriculture and Rural Development Bank: For Handloom and Other Non Farm Sector Activities

The scheme offers loans for handloom and other non-farm sector activities, with a maximum loan amount of up to ₹2,00,000/- at an interest rate of 11% to 12.5%. The scheme is designed to support farmers engaged in non-farm activities.

Authority

State/ UT

Region

Tamil Nadu

Status

Active / Open

Updated

Recently Verified

What are the Benefits?

- Access to Loan: Up to ₹2,00,000/-. - Interest Rate: From 11% to 12.5%, (subject to change).

Who is Eligible?

The beneficiary should be a resident of Tamil Nadu.; The beneficiary should be a farmer.; The beneficiary should be engaged in handloom or non-farm sector activities.; The beneficiary should be interested to avail the loan for handloom or non-farm sector activities.; The beneficiary should have the intention to use the loan specifically for handloom or non-farm sector activities.

Required Documents

Aadhaar Card
PAN Card
Income Certificate
Residence Proof (Domicile)

Common Questions

What is the objective of this scheme?

The scheme offers loans for handloom and other non-farm sector activities, with a maximum loan amount of up to [?]2,00,000/- at an interest rate of 11% to 12.5%. The scheme is designed to support farmers engaged in non-farm activities.

Who is eligible to apply for this loan?

Farmers engaged in, or seeking to start, handloom or other non-farm activities are eligible.

What is the maximum loan amount available?

The maximum loan amount under this scheme is [?]2,00,000/- based on the project cost.

What is the interest rate for the loan?

The loan carries an interest rate between 11% and 12.5%, which may vary.

Is the interest rate fixed or subject to change?

The interest rate is subject to change based on bank policies.

Are there any income restrictions for eligibility?

No specific income limit is mentioned for eligibility in this scheme.

What types of activities are eligible under 'non-farm' activities?

Eligible non-farm activities include handloom production and other similar initiatives outside traditional farming.

How can applicants contact the bank for further details?

Applicants can visit their local Primary Cooperative Agriculture and Rural Development Bank or reach out to the Secretary or Special Officer for more information.