The scheme offers loans to farmers covering up to 90% of the cost of a power tiller, with an interest rate between 11% and 12.25%.
Department: · Level: state · State: Tamil Nadu
- **Access to Loan:** Up to 90% of the cost of a power tiller. - **Interest Rate:** 11% to 12.25% (subject to change). <br>
- 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. <br>
**Offline** **Step 1:** The interested applicant should collect the application form by contacting the Secretary/ Special Officer of the Primary Cooperative Agriculture and Rural Development Bank. **Step 2:** In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required). **Step 3:** Submit the duly filled and signed application form along with the documents to the concerned authority. **Step 4:** Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).