AI SummaryPrimary Cooperative Agriculture and Rural Development Bank: for Inland Fishing offers loans up to ₹3,30,000 per hectare to farmers in Tamil Nadu who want to start or grow inland fishing projects. Interest rate on these loans is 11% to 12%, and the scheme is run by the Co-operation, Food and Consumer Protection Department of Tamil Nadu.
This state-level scheme helps small and large scale fish farmers improve their ponds, buy equipment and raise their harvest. The loan is available through the Primary Cooperative Agriculture and Rural Development Bank, and the interest rate is subject to periodic changes set by the bank.
Primary Cooperative Agriculture and Rural Development Bank: for Inland Fishing - Introduction
Inland fishing covers work in rivers, lakes, ponds and reservoirs. Many farmers in Tamil Nadu depend on this activity for their income, but lack of money often holds them back. This scheme steps in with a cash loan that can be used directly for the fishery project.
You can use the funds for pond development, seeds, nets and other equipment needed for inland fishing. The loan amount goes up to ₹3,30,000 per hectare, which is a big help for a single farmer or a family running a small fishery.
Key Information
| Feature | Details |
|---|---|
| Scheme Name | Primary Cooperative Agriculture and Rural Development Bank: for Inland Fishing |
| Level | State |
| Beneficiary Target | Individual |
| State | Tamil Nadu |
| Benefit Type | Cash Loan |
| Loan Amount | Up to ₹3,30,000 per hectare |
| Interest Rate | 11% to 12% |
| Nodal Department | Co-operation, Food and Consumer Protection Department |
Benefits
By taking part in this scheme, you get a clear money help to grow your fishery business. The main benefits are listed below:
Loan Amount: You can get up to ₹3,30,000 for one hectare of inland fishing.
Interest Rate: A competitive rate of 11% to 12% per year, which is lower than many private loans.
Use of Funds: The money can be spent on pond improvement, seeds, nets and other fishing equipment. For example, a loan for one hectare lets you invest directly in the items your fishery needs most.
Eligibility
To qualify for this support, you should meet the following criteria:
- You should be a permanent resident of Tamil Nadu.
- You should be working as a farmer, either full time or part time.
- You should be involved in inland fishing or planning to start it.
- You should use the loan money only for your fishery project.
Application Process
You can apply for this loan through a simple offline process. Follow these steps:
STEP 1 - Visit the nearest branch of the Primary Cooperative Agriculture and Rural Development Bank and ask for the application form for inland fishing loan.
STEP 2 - Fill in all the required details correctly. Paste a recent passport-sized photograph and sign wherever needed.
STEP 3 - Attach self-attested copies of all the documents listed below with your form.
STEP 4 - Hand over the completed application and document set to the bank officer.
STEP 5 - Ask for a formal receipt or acknowledgment slip that shows the submission date and a reference number. Keep it safe for future use.
Documents
Keep these documents ready to make your application smooth:
- Valid identity proof such as your Aadhaar card or PAN card.
- Current address proof.
- Proof of land ownership or a valid lease agreement for the land where your inland fishing will take place.
- Any extra documents asked by your local bank branch.
References
Official Scheme Details on Tamil Nadu Government Portal
FAQ's
What is the main aim of this scheme?
The scheme gives farmers loans up to ₹3,30,000 per hectare for inland fishing projects to support rural income.
What is the maximum loan amount?
You can get a loan of up to ₹3,30,000 per hectare.
What interest rate applies?
The interest rate is between 11% and 12%, and it can change based on bank policy.
Who can apply?
Any farmer who is a resident of Tamil Nadu and is engaged in inland fishing can apply.
Is there an age limit?
No, no specific age limit is mentioned for this scheme.
Are there income criteria?
No, there are no income brackets that restrict eligibility.
What documents are required?
You need identity proof, address proof, and land ownership or lease documents for your fishing site.
Where do I submit my application?
You submit the application directly to the Primary Cooperative Agriculture and Rural Development Bank.
Can I use the funds for personal needs?
No, the loan money must be used only for your inland fishing activities as per the agreement.
Are there any extra subsidies?
The scheme does not offer separate subsidies; the interest rate is standard for all successful applicants.