Primary Cooperative Agriculture and Rural Development Bank Power Tiller Loan — Frequently Asked Questions
Answers to the questions founders most often ask about Primary Cooperative Agriculture and Rural Development Bank Power Tiller Loan — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is this scheme, and which department runs it?
It is a debt scheme from the Co-operation, Food and Consumer Protection Department of the Government of Tamil Nadu, delivered through the state's primary cooperative agriculture and rural development banks. It gives farmers a loan that funds a large part of the price of a power tiller.
How much of the power tiller's cost does the loan cover?
The loan can cover up to 90% of the power tiller's cost. The remainder has to be arranged by the farmer. The scheme describes the amount as varying, because it is worked out as a share of the price of the machine being purchased.
What interest rate will I be charged?
The rate lies between 11% and 12.25%. These rates are subject to change, so it is worth confirming the current rate with your bank before you submit the application.
Who is eligible to apply for this loan?
You need to be a farmer who is a resident of Tamil Nadu and engaged in agricultural activities. You should also want to borrow for a power tiller and intend to use the loan specifically for that purchase.
Is there an application deadline?
No. The scheme runs on a rolling basis and is always open, so a farmer can apply at any point in the year through the nearest Primary Cooperative Agriculture and Rural Development Bank.
Do I need DPIIT recognition or MSME registration?
No such condition appears in the scheme's eligibility criteria. The requirements are about being a Tamil Nadu farmer engaged in agriculture and taking the loan for the stated purpose of buying a power tiller.
Does the scheme take equity in my farm?
No. This is a debt product — a loan repaid with interest at the applicable rate. No equity stake or ownership share is taken in exchange for the funding.
Can I use the loan for something other than a power tiller?
No. The borrowing is tied to buying a power tiller, and applicants are expected to intend to use the money for exactly that purpose.
What documents do I need to submit?
The scheme does not publish a fixed document list. As part of the application you need a recent passport-sized photograph pasted in the designated area and signed across where specified, plus self-attested copies of the supporting documents. Keep proof of residency, farmer identification and land records ready, along with anything else the bank's application form asks for.
How and where do I apply?
The process is offline. Contact the Secretary or Special Officer of your nearest Primary Cooperative Agriculture and Rural Development Bank and collect the application form from them. Fill in all mandatory fields, attach the required self-attested documents and submit the completed form to the concerned authority at the bank. Ask for a formal receipt or acknowledgment that carries the submission date, time and a unique identification number for future reference. Scheme details are also available on the Tamil Nadu government portal at https://www.tn.gov.in/scheme_details.php?id=ODU5.
Who offers Primary Cooperative Agriculture and Rural Development Bank Power Tiller Loan?
Primary Cooperative Agriculture and Rural Development Bank Power Tiller Loan is offered by Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu, a government body. It is provided as non-dilutive funding.
How do I apply for Primary Cooperative Agriculture and Rural Development Bank Power Tiller Loan?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
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