Primary Cooperative Agriculture and Rural Development Bank: Jewel Loans

Description
The "Primary Cooperative Agriculture and Rural Development Bank: Jewel Loans" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial assistance to farmers through jewel loans. The loan amount can be up to ₹2,00,000/-, with an interest rate of 11.5% subject to change .

Benefits
• **Access to Loan:** Up to ₹2,00,000/- based on the value of the pledged jewels.
• **Interest Rate:** 11.5% (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 agricultural activities.

Required Documents
• Identity proof (Aadhaar, PAN card, etc.).
• Address proof.
• Proof of Land Ownership or Lease.
• Jewels purchase/invoice details.
• Any other documents (if required).

Frequently Asked Questions
Q: What is the objective of this scheme?
A: The scheme offers jewel loans to farmers, enabling them to access up to [?]2,00,000/- at an interest rate of 11.5% for agricultural purposes.

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

Q: What is the applicable interest rate for the loan?
A: The interest rate is set at 11.5%, though this may change over time.

Q: Who is eligible to apply for this loan?
A: Farmers engaged in agricultural activities are eligible to apply for the loan.

Q: Is there any income requirement for eligibility?
A: No, there is no specified income requirement to qualify for this loan.

Q: Is there an age restriction to apply for the loan?
A: There is no specified age limit for applicants.

Q: What kind of collateral is required?
A: Jewels must be pledged as collateral for this loan.

Q: How can one apply for the loan?
A: Applicants can apply by visiting the Primary Cooperative Agriculture and Rural Development Bank and meeting with the Secretary or Special Officer.

Q: What documents are required for the loan application?
A: Applicants need to provide proof of identity, address proof, proof of agricultural activity, and jewels for collateral.

Q: Who should be contacted for more information about the loan?
A: Applicants may contact the Secretary or Special Officer at the bank for further information.