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Banking,Financial Services and Insurance

Primary Cooperative Agriculture and Rural Development Bank: For Plantation (Tea)

The scheme offers financial assistance of up to ₹33,000/- per acre to farmers for tea plantations, with an interest rate of 11%-12.5%.

Authority

State/ UT

Region

Tamil Nadu

Status

Verified 2026

Updated

March 2026

What you get

- Access to Loan: ₹33,000/- per acre. - Interest Rate: 11% to 11.5% (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 interested in tea plantation.; The beneficiary should be interested in availing loan for tea plantation.; The beneficiary should have the intention to use the loan specifically for tea plantation.

Required Paperwork

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

Common Questions

What is the objective of this scheme?

The scheme offers financial assistance of up to [?]33,000/- per acre to farmers for tea plantation, with an interest rate of 11%-12.5%.

What is the maximum loan amount provided under the scheme?

Farmers can receive up to [?]33,000/- per acre for tea plantation.

What interest rate applies to the loan?

The interest rate ranges from 11% to 12.5%, subject to adjustments.

What documents are required for the loan application?

Required documents include identity proof, land ownership papers, address proof etc.

Is there a minimum age or income requirement to qualify?

There is no specific age or income requirement mentioned in the eligibility criteria.

Where should applicants submit their loan applications?

Applications can be submitted at the Primary Cooperative Agriculture and Rural Development Bank.

Are there any fees associated with the loan application?

Applicants should inquire with the cooperative bank to confirm any applicable fees.

Can the loan be used for other types of plantations?

No, the loan is specifically intended for tea plantations.

What is the validity period for the scheme?

The scheme's end date is not specified; applicants should check with the bank for any deadlines.

Does the scheme offer any additional subsidies or grants?

The scheme offers financial assistance through the loan but does not specify any additional subsidies.