The Primary Cooperative Agriculture and Rural Development Bank (PCARDB), under the Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu, offers a dedicated loan scheme for tractor purchase. This scheme supports farmers in upgrading their agricultural tools by providing up to 90% financial coverage for buying tractors at affordable interest rates.
Highlights of TN Tractor Loan Scheme 2025
• Scheme Name: Tractor Purchase Loan by PCARDB
• Launched by: Co-operation, Food and Consumer Protection Department, Tamil Nadu
• Loan Coverage: Up to 90% of tractor cost
• Interest Rate: 11% to 12.25% (subject to market variations)
• Mode of Application: Offline via local PCARDB offices
• Purpose: Purchase of tractors for agricultural use
Key Benefits
• Loan Coverage: Financial support covering up to 90% of the tractor’s total cost
• Competitive Interest Rates: Ranging from 11% to 12.25%, depending on prevailing market conditions
• Encourages Mechanization: Supports productivity and efficiency in farming practices
Eligibility Criteria
• Applicant must be a resident of Tamil Nadu
• Must be an active farmer engaged in agricultural activities
• The loan should be utilized specifically for tractor purchase
• Applicant must have valid proof of land ownership or agricultural land lease
How to Apply
Mode: Offline
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Contact the Secretary/Special Officer at the nearest Primary Cooperative Agriculture and Rural Development Bank (PCARDB)
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Collect and fill out the loan application form with accurate details
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Attach a passport-size photograph, and self-attested copies of all required documents
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Submit the completed application form to the concerned bank authority
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Obtain a receipt/acknowledgment with submission date and tracking reference
Necessary Documents
• Identity Proof (Aadhaar Card, PAN Card, Voter ID)
• Address Proof (Ration Card, Utility Bill, etc.)
• Proof of Land Ownership or Lease Agreement
• Quotation/Invoice for Tractor Purchase
• Any other documents as required by the concerned bank office
Frequently Asked Questions (FAQs)
Q: What is the objective of this scheme?
To assist farmers in purchasing tractors by providing affordable loans and promoting agricultural mechanization.
Q: Who is eligible to apply for the loan?
Any resident farmer of Tamil Nadu actively engaged in agriculture and intends to purchase a tractor.
Q: What is the maximum loan amount offered?
Up to 90% of the cost of the tractor.
Q: What interest rate applies to this loan?
Between 11% and 12.25%, subject to changes based on market rates.
Q: Is there an age limit for applicants?
While no specific age limit is mentioned, applicants must be eligible to take a bank loan under standard guidelines.
Q: What documents are required?
Identity proof, address proof, land ownership proof, and tractor quotation are mandatory.
Q: How can applicants apply for the loan?
Through offline mode by visiting the local PCARDB branch.
Q: Is there an application fee?
Application charges, if any, will be communicated by the respective PCARDB office.
Q: Can this loan be used for other equipment?
No, it is specifically meant for tractor purchase.
Q: Is the scheme available year-round?
Yes, but it’s advisable to check with the bank for the latest updates or availability window.
References & Important Links
• Co-operation, Food and Consumer Protection Department – Government of Tamil Nadu
• Guidelines – PCARDB Tractor Loan Scheme (2025)
