PCARDB Sericulture Loan in Irrigated Areas — ₹49,000 to ₹79,000 per Acre — Frequently Asked Questions

The loan ranges from ₹49,000 to ₹79,000 per acre. The exact amount within that band is decided by the Primary Cooperative Agriculture and Rural Development Bank after looking at what you need and assessing your proposal.

You need to be a resident of Tamil Nadu and a farmer who is engaged in sericulture within an irrigated area. You must also intend to use the loan for sericulture activities. All four conditions apply together.

It is a loan, so you repay the amount plus interest. No equity or ownership stake in your farm or enterprise is taken in return for the funding.

Interest falls between 11% and 12.75% per annum. The rate within that range depends on prevailing bank policy, which can change over time.

No. The scheme is rolling and always open, so applications are accepted through the year. There is no fixed application window to miss.

Applications are strictly offline. Collect the form from the Secretary or Special Officer at your nearest Primary Cooperative Agriculture and Rural Development Bank, fill in every mandatory field, affix a recent passport-sized photograph and sign across it, attach self-attested copies of your documents, and submit the set to the concerned authority at the bank. Ask for a receipt or acknowledgment recording the date and time of submission and, where applicable, an application identification number. Scheme details are also listed on the Tamil Nadu government portal at https://www.tn.gov.in/scheme_details.php?id=OTM3.

You will need self-attested copies of identity proof, address proof, and land ownership or cultivation rights documents, along with any papers relating to your sericulture activities or your financial standing. A passport-sized photograph must be pasted on the form. Because the exact list is not published in full, confirm the complete set with your bank before you submit.

It is meant for sericulture work: setting up mulberry plantations, purchasing silkworm rearing equipment, building rearing sheds, and covering working capital requirements.

The scheme's stated conditions are residency in Tamil Nadu, farmer status, sericulture in an irrigated area, and intended use of the funds for sericulture. DPIIT or MSME registration is not listed among them, so check directly with your Primary Cooperative Agriculture and Rural Development Bank if you have a specific question.

The bank first checks whether you meet the eligibility conditions. It then reviews your land records, your existing sericulture practices and the financial viability of your proposal, and it may carry out a field visit or an interview to verify the application. The sanction decision follows those checks.

No. Working in sericulture within an irrigated area is one of the scheme's stated conditions, so an operation without assured irrigation would not fit this particular loan.

PCARDB Sericulture Loan in Irrigated Areas — ₹49,000 to ₹79,000 per Acre is offered by Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu, a government body. It is provided as non-dilutive funding.