Primary Cooperative Agriculture and Rural Development Bank: Jewel Loans
By Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu
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Quick Answer
Provides financial assistance to farmers in Tamil Nadu through jewel loans, with amounts up to ₹2 lakh at an interest rate of 11.5%.
- Funding amount
- Up to ₹2L
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Tamil Nadu
About this loan
The "Primary Cooperative Agriculture and Rural Development Bank: Jewel Loans" scheme, launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, serves as a crucial financial support mechanism for farmers across the state. This initiative is specifically designed to address the credit needs of the agricultural community by offering accessible jewel loans. The primary objective is to empower farmers to secure necessary funds for their farming operations, whether it's for purchasing inputs, investing in equipment, or managing daily expenses, thereby fostering agricultural growth and rural prosperity in Tamil Nadu. The scheme underscores the government's commitment to supporting the backbone of its economy, providing a straightforward and collateral-based lending solution. This loan program aims to alleviate financial burdens and provide timely access to capital for farmers, ensuring they can sustain and grow their agricultural endeavors.
Eligibility
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Grant providers
Provider
Co-operation, Food and Consumer Protection Department, Government of Tamil NaduChennai · Tamil Nadu · India
The Co-operation, Food and Consumer Protection Department is a Tamil Nadu state government department, headed by the Minister for Cooperation. It oversees the cooperative societies and banks across the state, and the loans in its citizen's charter are issued by those bodies…
Learn moreBenefits & Funding
- Amount
- Up to ₹2L
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
- Loan amount up to ₹2,00,000/-: Financial assistance is provided to farmers for agricultural activities, with the maximum amount sanctioned based on the appraised value of the pledged jewels. This loan can be utilized for various farming needs, including crop cultivation, livestock management, and agricultural infrastructure improvements.
- Interest Rate of 11.5%: Access to credit at a competitive interest rate of 11.5% (subject to change). This offers farmers a viable option for securing necessary funds without resorting to high-interest private lenders, thereby supporting their economic stability and growth.
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
While the exact selection process is not detailed, applications submitted offline to the Primary Cooperative Agriculture and Rural Development Bank are typically reviewed by a dedicated committee. This committee would primarily assess the applicant's eligibility based on their residency in Tamil Nadu, confirmed status as a farmer, and engagement in agricultural activities. The process would involve thorough verification of the submitted documents and an appraisal of the pledged jewels. The final loan amount sanctioned would depend on the appraised value of the jewels and adherence to the scheme's guidelines and maximum limits.
Application Process
- 1
Collect Application Form
Applicant obtains the application form from the Primary Cooperative Agriculture and Rural Development Bank.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
Who is eligible for the Jewel Loan?
The Jewel Loan scheme is specifically designed for farmers who are residents of Tamil Nadu and are actively engaged in agricultural activities.
What is the maximum loan amount I can avail?
You can avail a loan of up to ₹2,00,000/-, with the actual sanctioned amount depending on the value of the jewels you pledge as collateral.
What is the interest rate for the Jewel Loan?
The loan carries an interest rate of 11.5%. Please note that this rate is subject to change as per the policies of the Primary Cooperative Agriculture and Rural Development Bank.
How can I apply for the Jewel Loan?
The application process is entirely offline. You need to collect the application form from your nearest Primary Cooperative Agriculture and Rural Development Bank, accurately fill in all details, attach required documents, and submit it to the concerned authority at the bank.
What documents are typically required for the application?
While not explicitly listed, common documents for such loans often include identity proof (e.g., Aadhaar card, Voter ID), address proof, land records or farmer certificates to confirm agricultural engagement, and passport-sized photographs. Applicants should self-attest copies of documents if required.
Is there an online application option for this scheme?
No, the current mode of application for the Jewel Loan scheme is strictly offline. Applicants must visit the Primary Cooperative Agriculture and Rural Development Bank to complete the application process in person.
News
- Tamil Nadu: Co-op gold loan cap hiked to Rs 10,000 per gramdtnext.in · 3 weeks ago
Source: Google News aggregated
