What you get
- Installation of Inboard Motor (IBM) Engine through Bank Loan | - For engine cost up to ₹1,00,000/-: 20% subsidy, a maximum of ₹20,000/-. | - For engine cost up to ₹3,00,000/-: 15% subsidy, a maximum of ₹45,000/-. | - The subsidy is applicable only when the IBM engine is installed through a bank loan. | - Electrical or Solar Equipment | - For equipment cost up to ₹40,000/-: 50% subsidy, a maximum of ₹20,000/-. | - Insulated Ice Boxes for Fish Storage | - For fisherwomen: 75% subsidy, a maximum of ₹6,000/-. | - For boat owners: 50% subsidy, a maximum of ₹15,000/-.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the purpose of the scheme?
The scheme provides financial assistance to fishermen, fisherwomen, and boat owners for the purchase of fisheries requisites.
Who implements the scheme?
The scheme is implemented by the Fisheries Department.
Where should applicants contact for applying to the scheme?
Applicants should contact the District Panchaya.
What assistance is available for installation of an Inboard Motor (IBM) engine?
Subsidy is provided for the installation of an IBM engine through a bank loan, subject to prescribed cost limits and subsidy ceilings.
What is the maximum subsidy available for an IBM engine costing up to ₹1,00,000/-?
A subsidy of 20% of the cost is available, subject to a maximum of ₹20,000/-.
What subsidy is provided for electrical or solar equipment?
A subsidy of 50% of the cost is available, subject to a maximum of ₹20,000/- for equipment costing up to ₹40,000/-.
What benefit is available for insulated ice boxes for fish storage?
Subsidy is provided for insulated ice boxes for fish storage for eligible beneficiaries.
Is there any special benefit for fisherwomen under the scheme?
Yes, fisherwomen are eligible for a higher subsidy of 75% for insulated ice boxes, subject to a maximum of ₹6,000/-.