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Primary Cooperative Agriculture and Rural Development Bank: For Fishing Boats (Catamarans)

The scheme provides loans to farmers for purchasing fishing boats (Catamarans) ranging from ₹15,000/- to ₹60,000/- with an applicable interest rate subject to change.

Authority

State/ UT

Region

Tamil Nadu

Status

Verified 2026

Updated

March 2026

What you get

- Access to Loan: Ranges from ₹15,000/- to ₹60,000/- for purchasing fishing boats. - Interest Rate: As per the bank policy (subject to change).

Who can apply

The beneficiary should be a resident of Tamil Nadu.; The beneficiary should be a farmer.; The beneficiary should be engaged in fishing activities.; The beneficiary should be interested in availing loan for Fishing Boats (Catamarans) from the Primary Cooperative Agriculture and Rural Development Bank.; The beneficiary should have the intention to use the loan specifically for purchasing a fishing boat (Catamaran).

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What is the objective of this scheme?

The scheme provides loans to farmers for purchasing fishing boats (Catamarans) ranging from [?]15,000/- to [?]60,000/- with an applicable interest rate subject to change.

Who sponsors this scheme?

The scheme is sponsored by the state government.

Who is eligible for this scheme?

Farmers residing in Tamil Nadu who are engaged in fishing activities are eligible for the scheme.

What is the purpose of the loan under this scheme?

The loan is intended specifically for purchasing fishing boats (Catamarans).

What is the range of the loan amount available?

The loan amount ranges between [?]15,000/- and [?]60,000/.

What is the interest rate applicable to the loan?

The interest rate is subject to change as per the bank's policies.

Is a fishing license required to apply for the loan?

A fishing license may be required depending on regional regulations and bank requirements.

What documents are required to apply for the scheme?

Documents such as proof of identity, address proof, proof of farming occupation, and a fishing license (if applicable) are needed.

How can applicants apply for the loan?

Applicants need to visit the nearest Primary Cooperative Agriculture and Rural Development Bank branch and follow the prescribed application process.

Are there any specific community or income criteria to avail of the scheme?

No specific community or income criteria are set for the scheme.