AI SummaryPrimary Cooperative Agriculture and Rural Development Bank: Jewel Loans offers farmers in Tamil Nadu quick credit of up to ₹2,00,000 at an 11.5% interest rate by pledging their gold ornaments. The Co-operation, Food and Consumer Protection Department runs this scheme through the cooperative bank to support farming expenses.
Farmers facing short-term money needs for seeds, fertiliser, equipment or other farming work can use their gold jewels as collateral and get a loan fast. The interest rate of 11.5% is subject to change based on bank policy, so it is always better to confirm the current rate at the nearest branch before applying.
Primary Cooperative Agriculture and Rural Development Bank - Jewel Loans - Introduction
This state-level scheme, launched by the Co-operation, Food and Consumer Protection Department of Tamil Nadu, helps farmers get liquidity by leveraging their gold ornaments as security. The loan amount is decided on the current market value of the pledged jewels, with a ceiling of ₹2,00,000. The money can be used for any agricultural need, helping farmers keep their work going without waiting for other sources of finance.
The scheme is still listed on the official Tamil Nadu government portal in 2026, which means farmers can continue to approach their local Primary Cooperative Agriculture and Rural Development Bank branch for this facility. The loan is available through the Secretary or Special Officer at the bank.
Key Information
| Key | Details |
|---|---|
| Scheme name | Primary Cooperative Agriculture and Rural Development Bank: Jewel Loans |
| Level | State |
| Beneficiary state | Tamil Nadu |
| Target beneficiaries | Individual farmers |
| Category | Banking, Financial Services and Insurance |
| Benefit type | Cash loan |
| Maximum loan amount | ₹2,00,000 |
| Interest rate | 11.5% (subject to change) |
| Nodal department | Co-operation, Food and Consumer Protection Department |
Benefits
This scheme gives farmers immediate financial support when they need it most. You can get credit of up to ₹2,00,000 based on the current market value of your pledged jewels. The interest rate is set at 11.5%, which keeps the cost of borrowing affordable for agricultural work.
Because the loan is secured by gold, there is no need for a long waiting period or complex paperwork. Once the jewels are valued and pledged, the loan is released quickly so farming work does not stop. The money can be used for any farming need, giving the farmer full flexibility.
Eligibility
To qualify for this loan from the Primary Cooperative Agriculture and Rural Development Bank, you need to meet a few simple conditions. The scheme is aimed at individual farmers who are residents of the state.
- You should be a permanent resident of Tamil Nadu.
- You should be a farmer by profession.
- You should be actively engaged in agricultural activities.
Application Process
The application for the jewel loan is done offline at the bank branch. Follow these steps to apply:
STEP 1 - Visit your nearest Primary Cooperative Agriculture and Rural Development Bank and ask the Secretary or Special Officer for the application form.
STEP 2 - Fill in all the required details in the form, attach a recent passport-sized photograph, and self-attest all the necessary documents.
STEP 3 - Submit the completed application along with the documents to the authorised bank official.
STEP 4 - Collect your acknowledgment receipt, which carries the submission date and a unique reference number to track your request.
Documents
Keep the following documents ready when you go to the bank so that the process goes smoothly:
- Valid identity proof such as Aadhaar or PAN card.
- Residential address proof.
- Official proof of land ownership or a formal lease agreement.
- Purchase invoice or valid ownership details of the jewels you plan to pledge.
- Any additional documents requested by the bank office.
References
Read the official scheme details on the Tamil Nadu government portal.
FAQ's
What is the objective of this scheme?
The scheme helps farmers by offering jewel loans of up to ₹2,00,000 at an 11.5% interest rate to support their agricultural activities.
What is the maximum loan amount under this scheme?
You can get a maximum loan of ₹2,00,000 based on the value of your pledged jewels.
What is the applicable interest rate for the loan?
The interest rate is currently 11.5%, though it may be updated periodically by the bank.
Who is eligible to apply for this loan?
Any farmer who is a resident of Tamil Nadu and takes part in agricultural work is eligible to apply.
Is there any income requirement for eligibility?
No, the bank has not specified any minimum income requirement to qualify for this loan.
Is there an age restriction to apply for the loan?
No, there is no specific age limit mentioned for applicants.
What kind of collateral is required?
You must pledge your gold jewels as collateral to the bank to secure this loan.
How can one apply for the loan?
You should visit the Primary Cooperative Agriculture and Rural Development Bank and speak with the Secretary or Special Officer about the application process.
What documents are required for the loan application?
You will need your identity proof, address proof, documents showing your agricultural land holdings, and the jewels to be pledged.
Who should be contacted for more information about the loan?
For more details, you should reach out to the Secretary or the designated Special Officer at your local Primary Cooperative Agriculture and Rural Development Bank.