Primary Cooperative Agriculture and Rural Development Bank: For Power Tiller

About This Scheme

The "Primary Cooperative Agriculture and Rural Development Bank: Power Tiller" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial assistance to farmers for purchasing a power tiller, with up to 90% of the cost covered through a loan. This initiative aims to support agricultural productivity by making essential farming equipment more accessible. The interest rate on the loan ranges from 11% to 12.25%.

Eligibility

- The beneficiary should be a resident of Tamil Nadu. - The beneficiary should be a farmer. - The beneficiary should be engaged in agricultural activities. - The beneficiary should be interested in availing of a loan for purchasing power tiller. - The beneficiary should have the intention to use the loan specifically for purchasing power tiller.

Benefits

- Access to Loan: Up to 90% of the cost of a power tiller. - Interest Rate: 11% to 12.25% (subject to change).

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.