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Primary Cooperative Agriculture and Rural Development Bank: For Tractor Purchase

The scheme offers a specialized loan for farmers to purchase tractors, covering up to 90% of the tractor's cost.

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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: For Tractor Purchase" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, aims to provide financial assistance for acquiring tractors, covering up to 90% of the tractor's cost. The interest rate ranges from 11% to 12.25%, subject to market conditions.

Benefits

  • Access to Loan: Covers up to 90% of the tractor cost.
  • 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 agriculture activities.

  • •

    The beneficiary should have the intention to use the loan specifically for purchasing Tractor.

Required Documents

  • ✦
    Identity proof (Aadhaar, PAN card, etc.).
  • ✦
    Address proof.
  • ✦
    Proof of Land Ownership or Lease.
  • ✦
    Tractor Purchase Invoice/Quotation
  • ✦
    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, a unique identification number (if applicable).

Quick Info

Level
Central Government

Available In

Tamil Nadu

Categories

Agriculture,Rural & EnvironmentBanking,Financial Services and Insurance

Data Sources