What you get
- Access to Loan: ₹65,000/- to ₹1,20,000/-. - Interest Rate: 11% to 11.75% (subject to change).
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective of this scheme?
The scheme offers loans to farmers for minor irrigation projects, aiming to enhance water access for agriculture. Loan amounts range from [?]65,000/- to [?]1,20,000/- at an interest rate of 11% to 11.75%.
What is the minimum amount of loan available?
The minimum loan amount available under this scheme is [?]65,000/-.
What is the maximum loan amount?
Farmers can avail of a loan amount up to [?]1,20,000/-.
What are the interest rates for the loan?
The interest rate ranges from 11% to 11.75%, subject to change based on prevailing rates.
Is there a specific income requirement to qualify?
No, there is no specific income criterion required for this loan.
What documents are required to apply?
Required documents include proof of identity, proof of land ownership or lease, address proof etc.
How can an applicant apply for the loan?
Farmers can apply by visiting the Secretary or Special Officer at the Primary Cooperative Agriculture and Rural Development Bank and submitting the necessary documents.
Who can the applicant contact for further assistance?
The applicant can contact the Secretary or Special Officer at the bank for any assistance with the application process.
Can farmers from all communities apply?
Yes, the scheme is open to eligible farmers from all communities.
Is the loan’s interest rate fixed or adjustable?
The interest rate is fixed but may change based on market conditions.