Primary Cooperative Agriculture and Rural Development Bank: For Plantation (Tea)

About This Scheme

The "Primary Cooperative Agriculture and Rural Development Bank: For Plantation (Tea)" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial support to farmers for tea plantations. Under this scheme, eligible farmers can obtain a loan of up to ₹33,000/- per acre, with interest rates ranging from 11% to 12.5%. This initiative aims to empower farmers and promote sustainable tea farming practices.

Eligibility

- The beneficiary should be a resident of Tamil Nadu. - The beneficiary should be a farmer. - The beneficiary should be interested in tea plantation. - The beneficiary should be interested in availing loan for tea plantation. - The beneficiary should have the intention to use the loan specifically for tea plantation.

Benefits

- Access to Loan: ₹33,000/- per acre. - Interest Rate: 11% to 11.5% (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.