Cooperative Bank Minor Irrigation Loan – Tamil Nadu
Overview
The Primary Cooperative Agriculture and Rural Development Bank (PCARDB) in Tamil Nadu provides long-term loans to farmers for minor irrigation works. This includes sinking borewells, constructing open wells, installing pump sets, and other water source development activities.
The scheme is crucial for farmers in water-scarce regions who want to improve their irrigation capacity and crop productivity.
Objective
The scheme aims to improve irrigation coverage in rural Tamil Nadu. It supports farmers in developing their own irrigation infrastructure, reducing dependence on rainfall, and improving agricultural output year-round.
Benefits
- Long-term loans at cooperative bank rates
- Covers borewell drilling, pump sets, and irrigation structures
- Lower interest rates than commercial banks
- Repayment aligned with agricultural income cycles
Eligibility
- Applicant must be a farmer in Tamil Nadu
- Must be a member of the Primary Cooperative Agriculture and Rural Development Bank
- Should own agricultural land where irrigation work is proposed
- Land should be free from encumbrances or disputes
- Annual income and loan repayment capacity will be assessed
Exclusions
- Non-members of the cooperative bank are not eligible
- Farmers outside Tamil Nadu cannot avail this scheme
- Loans are not given for non-agricultural land development
- Applicants with overdue loans at the cooperative bank are excluded
Application Process
- Approach the nearest PCARDB branch in your district
- Submit a loan application with details of the proposed irrigation work
- Bank officials inspect the land and assess feasibility
- Loan is sanctioned based on the estimate and repayment capacity
- Amount is disbursed in stages based on work progress
Documents Required
- Membership certificate of the cooperative bank
- Land ownership documents (patta, title deed)
- Agricultural land records
- Project estimate from a licensed contractor or engineer
- Aadhaar card and address proof
- Bank account details
