Tamil Nadu PCARDB Power Tiller Loan for Farmers

Overview

The Primary Cooperative Agriculture and Rural Development Bank (PCARDB) in Tamil Nadu offers long-term loans to farmers for purchasing power tillers. This scheme supports farm mechanization, helping small and marginal farmers improve productivity and reduce manual labor.

PCARDBs operate at the taluk or district level, making credit accessible to farmers in rural Tamil Nadu.

Objective

The scheme aims to modernize agriculture in Tamil Nadu by facilitating the purchase of power tillers. It reduces dependence on hired labor, cuts cultivation costs, and improves timeliness of farming operations, especially for small landholders.

Benefits

• Long-term loan for purchasing power tillers at concessional interest
• Repayment schedule aligned to agricultural income cycles
• Access to institutional credit without resort to moneylenders
• Covers cost of the power tiller including accessories

Eligibility

• Farmer member of a Primary Cooperative Agriculture and Rural Development Bank in Tamil Nadu
• Owns or cultivates land in Tamil Nadu
• Creditworthy with no prior loan defaults in the cooperative system
• Land records must be clear and up to date
• Preference for small and marginal farmers

Exclusions

• Non-members of the PCARDB system
• Farmers with outstanding overdue loans in the cooperative system
• Applicants seeking loans for non-agricultural equipment
• Individuals residing outside Tamil Nadu

Application Process

1. Visit the nearest PCARDB in your taluk
2. Become a member or ensure existing membership is active
3. Apply for the long-term power tiller loan
4. Submit documents along with the application
5. Field verification by the bank’s official
6. Loan is sanctioned and disbursed (directly to dealer or applicant)

Documents Required

• Land ownership documents or patta
• Membership certificate of the PCARDB
• Aadhaar card and photograph
• Quotation from a recognized power tiller dealer
• Income certificate or land records
• Bank account details
• NOC from existing lender if applicable