Primary Cooperative Agriculture and Rural Development Bank: For Tractor Purchase
The scheme offers a specialized loan for farmers to purchase tractors, covering up to 90% of the tractor's cost.
- Department
- Co-operation, Food and Consumer Protection Department
- Who it is for
- Individual
About PCARDFTC
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.
Benefits
- Access to Loan: Covers up to 90% of the tractor cost. - Interest Rate: 11% to 12.25% (subject to change).
Who can apply (eligibility)
- 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.
Exclusions
How to apply
Offline application
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).
Official links and guidelines
Related schemes
Distribution of Certified Seeds of Maize
Tamil NaduThe "Distribution of Certified Seeds of Maize" scheme by the Agriculture-Farmers Welfare Department, Tamil…
Farmers Interest Group (FIG)
Tamil NaduThe “Farmers Interest Group (FIG)” scheme supports every group of 15 farmers with grants for agricultural…
Distribution of Manually Operated Plant Protection Equipment
Tamil NaduThe "Distribution of Manually Operated Plant Protection Equipment" scheme provides farmers with a subsidy of…
Distribution of Minikits At Free of Cost
Tamil NaduThe "Distribution of Minikits at Free of Cost" scheme provides subsidies for minikits to maize-growing…
Organizing Block Demonstration
Tamil NaduThe “Organizing Block Demonstration” scheme provides a 50% subsidy or ₹2,000/- (whichever is less) on input…
Primary Cooperative Agriculture and Rural Development Bank: For Sericulture In Irrigated Area
Tamil NaduThe scheme provides loans to farmers for sericulture activities in irrigated areas, with a loan amount…