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

Description
The "Primary Cooperative Agriculture and Rural Development Bank: For Handloom and Other Non Farm Sector Activities" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to offer financial support for handloom and other non-farm sector activities, enabling farmers to diversify income sources beyond agriculture. Loans under this scheme can be obtained based on the project cost, with a limit of ₹2,00,000/-. Interest rates range from 11% to 12.5%, subject to change.

Exclusions
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Benefits
• **Access to Loan:** Up to ₹2,00,000/-. - **Interest Rate:** From 11% to 12.5%, (subject to change).
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Eligibility Criteria
1. - The beneficiary should be a resident of Tamil Nadu.
2. - The beneficiary should be a farmer.
3. - The beneficiary should be engaged in handloom or non-farm sector activities.
4. - The beneficiary should be interested to avail the loan for handloom or non-farm sector activities.
5. - The beneficiary should have the intention to use the loan specifically for handloom or non-farm sector activities.
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Required Documents
• Identity proof (Aadhaar, PAN card, etc.).
• Address proof.
• Proof of agricultural occupation (For handloom and other non-farm sector activities) (if applicable).
• Any other documents (if required).

Frequently Asked Questions
Q: What is the objective of this scheme?
A: 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.

Q: Who is eligible to apply for this loan?
A: Farmers engaged in, or seeking to start, handloom or other non-farm activities are eligible.

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

Q: What is the interest rate for the loan?
A: The loan carries an interest rate between 11% and 12.5%, which may vary.

Q: Is the interest rate fixed or subject to change?
A: The interest rate is subject to change based on bank policies.

Q: Are there any income restrictions for eligibility?
A: No specific income limit is mentioned for eligibility in this scheme.

Q: What types of activities are eligible under 'non-farm' activities?
A: Eligible non-farm activities include handloom production and other similar initiatives outside traditional farming.

Q: How can applicants contact the bank for further details?
A: Applicants can visit their local Primary Cooperative Agriculture and Rural Development Bank or reach out to the Secretary or Special Officer for more information.