Primary Cooperative Agriculture and Rural Development Bank: For Horticulture

Description
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.

Benefits
• **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).

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 horticultural activities.
4. - The beneficiary should be interested in availing loan for horticultural activities.
5. - The beneficiary should have the intention to use the loan specifically for horticultural activities.

Required Documents
• Identity proof (Aadhaar, PAN card, etc.).
• Address proof.
• Proof of agricultural occupation (For horticulture activities) (if applicable).
• Any other documents (if required).

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

Q: Who is eligible for this loan?
A: Farmers residing in Tamil Nadu and engaged in horticultural activities are eligible for this loan.

Q: What is the minimum loan amount available?
A: The minimum loan amount under this scheme is [?]25,000/-.

Q: What is the maximum loan amount offered?
A: The maximum loan amount is [?]2,00,000/- per 0.4 hectare.

Q: What is the interest rate on this loan?
A: The interest rate ranges from 11% to 12.75%, subject to change.

Q: Can the interest rate vary?
A: Yes, the interest rate may change based on market conditions.

Q: How can one apply for this loan?
A: The interested applicant should collect the application form by contacting the Secretary/ Special Officer of the Primary Cooperative Agriculture and Rural Development Bank.

Q: Is there an age limit for applicants?
A: The scheme does not specify an age limit for applicants.

Q: Are there any income requirements for eligibility?
A: There are no specific income requirements mentioned for this scheme.

Q: Is there a processing fee?
A: Applicants should consult the bank for any applicable processing fees.