PCARDB Handloom Non Farm Sector Loan Tamil Nadu

Overview

The Primary Cooperative Agriculture and Rural Development Bank (PCARDB) in Tamil Nadu extends credit facilities to rural workers in the handloom and non-farm sectors. This scheme supports weavers, artisans, and rural entrepreneurs who are not engaged in farming but need capital for their livelihoods.

It is a cooperative banking solution that brings formal credit to sectors often overlooked by conventional banks.

Objective

The scheme ensures that weavers and non-farm rural workers have consistent access to working capital. It strengthens traditional crafts, supports income diversification, and prevents rural workers from relying on predatory lenders.

Benefits

• Term loans and working capital loans for handloom and non-farm activities
• Competitive interest rates through the cooperative structure
• Loans for purchasing raw materials, looms, and equipment
• Repayment structured based on production and income cycle

Eligibility

• Must be a member of a primary cooperative bank in Tamil Nadu
• Must be engaged in handloom weaving or a recognized non-farm rural activity
• Must be a resident of Tamil Nadu
• Must have a satisfactory credit history with the cooperative

Exclusions

• Individuals engaged in farming activities (covered under separate agricultural loans)
• Non-members of the cooperative bank
• Applicants with existing loan defaults to the cooperative

Application Process

1. Visit the nearest PCARDB branch in your district
2. Speak with the loan officer about the handloom or non-farm sector scheme
3. Collect and complete the loan application form
4. Submit with required documents
5. Cooperative evaluates the application and may conduct a site visit
6. Loan is sanctioned and disbursed to the member’s account

Documents Required

• PCARDB membership certificate
• Proof of handloom or non-farm activity
• Income statement or earnings record
• Aadhaar card
• Bank account details
• Photographs (passport size)
• Residence proof in Tamil Nadu