Primary Cooperative Agriculture and Rural Development Bank: For Fishing Boats (Catamarans)
By Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu
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Quick Answer
Loan of ₹15,000 to ₹60,000 for farmers in Tamil Nadu who fish, to buy a fishing boat (catamaran) from the Primary Cooperative Agriculture and Rural Development Bank.
- Funding amount
- ₹15,000 – ₹60,000
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Tamil Nadu
About this loan
Farmers in Tamil Nadu who fish can borrow ₹15,000 to ₹60,000 from the Primary Cooperative Agriculture and Rural Development Bank to buy a fishing boat, specifically a catamaran. The Co-operation, Food and Consumer Protection Department, Tamil Nadu launched the scheme.
You must be a resident of Tamil Nadu and a farmer engaged in fishing, and you must intend to use the loan only to buy a catamaran. Interest is charged as per the bank's policy, and the loan goes only towards a new fishing boat. You apply offline at the bank.
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
- ₹15,000 – ₹60,000
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
Beneficiaries gain access to a loan ranging from 15,000 to 60,000 specifically for the purpose of purchasing new fishing boats, particularly catamarans. This financial assistance is crucial for upgrading or establishing fishing operations, directly impacting the livelihood and productivity of farmers engaged in fishing. The interest rates are applied as per the bank's policy, ensuring standard and transparent lending practices. This scheme is designed to provide direct capital support, enabling farmers to invest in necessary equipment to sustain and grow their fishing businesses.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Collect Application Form
Applicant collects the application form from the Primary Cooperative Agriculture and Rural Development Bank.
You - 2
- 3
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
What is the purpose of this scheme?
This scheme provides financial assistance in the form of a loan to farmers in Tamil Nadu, specifically for acquiring fishing boats (catamarans) to support their fishing activities.
What is the maximum loan amount I can avail?
You can avail a loan amount ranging from 15,000 to a maximum of 60,000, depending on the requirement and assessment by the bank.
Who is eligible to apply for this loan?
The scheme is open to residents of Tamil Nadu who are farmers, engaged in fishing activities, and intend to use the loan specifically for purchasing a fishing boat (catamaran) from the Primary Cooperative Agriculture and Rural Development Bank.
How can I apply for this scheme?
The application process is offline. You need to collect an application form from the Primary Cooperative Agriculture and Rural Development Bank, fill it out, attach necessary documents, and submit it to the concerned authority at the bank. It is advisable to request a receipt or acknowledgment upon submission.
Are there any specific interest rates for this loan?
The interest rates for this loan are subject to periodic updates and will be as per the prevailing bank policy of the Primary Cooperative Agriculture and Rural Development Bank at the time of application and disbursement.
What kind of entity should I be to apply?
The scheme is primarily for individual farmers or those operating as proprietorships engaged in fishing activities. No formal company incorporation is typically required for such micro-enterprise loans, but applicants must meet the 'farmer' and 'fishing activities' criteria.
