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Primary Cooperative Agriculture and Rural Development Bank: For Power Tiller

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%.

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Source: myScheme.gov.in ↗Last verified: 5 Oct 2026·YojnaGuru is not affiliated with or endorsed by any government body

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%.

Benefits

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

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
  • •

    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.

  • •

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Required Documents

  • ✦
    Identity proof (Aadhaar, PAN card, etc.).
  • ✦
    Address proof.
  • ✦
    Proof of Farming (if required).
  • ✦
    Any other documents (if required).

✦ Required ◦ Optional

How to Apply

IIn-person

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).

Quick Info

Level
Central Government

Available In

Tamil Nadu

Categories

Banking,Financial Services and Insurance

Data Sources