Initially launched in Dharmapuri on August 17, the scheme is now being expanded throughout the state.
| Picture Credit score:
RAO GN
The Tamil Nadu authorities on Saturday introduced that crop loans price Rs 17,000 crore could be prolonged to farmers within the state this 12 months. As well as, loans to the tune of Rs 3,000 crore could be offered for livestock growth.
Final 12 months, the federal government disbursed Rs 15,062 crore in crop loans to 17.37 lakh farmers and Rs 2,645 crore in livestock growth loans to 4.43 lakh beneficiaries.
Immediate crop mortgage sanction
Owing to the efforts of Chief Minister M Ok Stalin, crop loans at the moment are sanctioned on the identical day farmers submit their purposes on-line, a authorities launch mentioned.
“This exemplary on the spot crop mortgage scheme ensures credit score by Main Agricultural Cooperative Societies (PACS) on the very day farmers apply on-line,” it mentioned.
The chief minister had launched the moment crop mortgage scheme by PACS on a pilot foundation in Dharmapuri on August 17.
He had additionally introduced that the initiative to streamline mortgage purposes could be rolled out throughout the state.
Farmers apply on-line, no PACS go to wanted
“Farmers not want to go to PACS in individual to acquire crop loans. They will apply on-line and obtain the mortgage quantity on the identical day by e-service centres,” the discharge added.
A most of Rs 5 lakh is offered to every farmer.
Revealed on August 23, 2025
