Primary Cooperative Agriculture and Rural Development Bank: for Power Tiller

Primary Cooperative Agriculture and Rural Development Bank: for Power Tiller is a state-backed scheme that helps farmers in Tamil Nadu buy a power tiller by covering up to 90% of its cost through a loan at interest rates between 11% and 12.25% per year.

Tamil Nadu government keeps this loan scheme open for farmers who want to modernize their fields. A power tiller is a small farming machine that prepares the soil and cuts down manual work, so the loan makes it easier for small and marginal farmers to afford one.

Primary Cooperative Agriculture and Rural Development Bank: for Power Tiller - Introduction

Primary Cooperative Agriculture and Rural Development Bank: for Power Tiller is run by the Co-operation, Food and Consumer Protection Department of Tamil Nadu through the Primary Cooperative Agriculture and Rural Development Banks (PCARDB) that work at taluk and district level. These banks give long-term loans so farmers can buy the equipment they need.

With a loan that covers up to 90% of the cost, a farmer only needs to arrange the remaining 10% on their own. The interest rate usually stays between 11% and 12.25%, and the repayment schedule is lined up with the income a farmer earns from crops. This keeps the scheme a supportive option for those investing in better tools.

Key Information

Benefits

This scheme gives farmers a few clear money advantages when they want to mechanize their farming:

• High Loan Coverage: A farmer can get financing for up to 90% of the total cost of a new power tiller, so the out-of-pocket amount stays small.
• Concessional Interest: The interest rate ranges from 11% to 12.25% per year, which keeps the loan affordable compared with private lenders.
• Easy Repayment: The repayment schedule is matched to the agricultural income cycle, so a farmer repays after harvest rather than under pressure.

Eligibility

To qualify for this loan, a farmer should meet a few simple conditions:

• The applicant should be a permanent resident of Tamil Nadu and own or cultivate land in the state.
• The applicant must be a member of a Primary Cooperative Agriculture and Rural Development Bank, or be ready to become one.
• The farmer should be creditworthy with no overdue loans in the cooperative system, and land records should be clear and up to date.
• The power tiller must be for genuine agricultural use, with preference given to small and marginal farmers.

For example, if Ramesh, a small farmer, needs a power tiller to improve his crop cycles, he can apply for this loan through his local PCARDB as long as his records are in order and he holds membership.

Application Process

This loan is applied for offline through the local bank branch. There is no online application portal for this scheme.

STEP 1 - Visit the nearest Primary Cooperative Agriculture and Rural Development Bank office in your taluk or district and ask the Secretary or Special Officer for the official application form.

STEP 2 - Make sure your membership with the PCARDB is active, or complete the membership process before applying for the loan.

STEP 3 - Fill in every detail required in the form, attach your photograph, and sign the document as asked. Gather all the required documents and self-attest them if needed.

STEP 4 - Submit your complete application file to the designated authority at the bank. The bank official will carry out a field verification of your land and farming details.

STEP 5 - Once approved, the loan is sanctioned and disbursed, either directly to you or to the power tiller dealer. Always ask for an acknowledgment receipt so you can track your application.

Documents

Keep the following documents ready before you visit the bank:

• Identity Proof: A valid ID like your Aadhaar card or PAN card.
• Address Proof: Recent utility bills or residency documents.
• Land Records: Patta or land ownership documents that confirm your farming status.
• Membership Certificate: Proof of your PCARDB membership.
• Dealer Quotation: A quotation from a recognized power tiller dealer for the machine you plan to buy.
• Bank Details: Your bank account details and, if applicable, a no objection certificate from an existing lender.

References

You can find more detailed guidelines about this scheme on the official Tamil Nadu government portal below:

Official Scheme Guidelines

FAQ's

What is the main aim of this scheme?

This scheme helps farmers afford a power tiller by providing a loan for up to 90% of the cost at interest rates between 11% and 12.25%.

Who can apply for this loan?

Any farmer who is a resident of Tamil Nadu, owns or cultivates land, and is a member of a Primary Cooperative Agriculture and Rural Development Bank can apply.

Is there an online application process?

No. There is no online portal for this scheme. You need to visit your nearest PCARDB branch and apply in person.

What is the current interest rate?

The interest rate generally stays between 11% and 12.25% per year, depending on the current policy of the bank.

What determines the repayment period?

The bank sets the repayment schedule once the loan is approved, and it is usually aligned with the agricultural income cycle.