What you get
- 50% subsidy for the purchase of auto goods carrier up to 1-ton capacity (maximum subsidy of ₹75,000). | - 50% subsidy for the purchase of a mini truck with 1-3 ton capacity (maximum subsidy of ₹1,50,000). | - 50% subsidy for the purchase of a mini lorry with 3-5 ton capacity (maximum subsidy of ₹3,50,000). | - 50% subsidy for the purchase of an insulated fish van with 5-10 ton capacity (maximum subsidy of ₹5,00,000). | - 50% subsidy for the purchase of a moped with an insulated ice-box (maximum subsidy of ₹15,000). | - 50% subsidy for the purchase of engine spares for boats (maximum subsidy of ₹2,000 per boat per annum). | Mode of Disbursement | The subsidy amount will be released to the bank and credited to the account of the beneficiary for whom the loan amount was sanctioned by the bank.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the role of the Fishermen Cooperative Society in the application process?
Being a member of a Fishermen Cooperative Society is a prerequisite, and applicants should not have any overdue with the society/department to be eligible for the subsidy.
Are there any specific guidelines for the verification of mortgage documents?
Copies of mortgage documents in respect of the beneficiary are required for official record-keeping and verification purposes.
Is there any provision for reconsideration if an applicant's subsidy is initially declined?
The scheme does not specify a provision for reconsideration once the Departmental Selection Committee has completed the shortlisting process.
Is there a specific format for submitting the application?
Applicants need to submit the application in the prescribed format issued by the Department of Fisheries and Fishermen Welfare.
Can the subsidy amount be utilized for purposes other than vehicle procurement?
The subsidy is specifically intended for the purchase of specified vehicles and engine spares for boats as outlined in the scheme.
Is there a specific format for submitting the application?
Applicants need to submit the application in the prescribed format issued by the Department of Fisheries and Fishermen Welfare.
Can the subsidy be used for the purchase of engine spares for boats?
Yes, the scheme offers a 50% subsidy for the purchase of engine spares for boats, with a maximum subsidy of [?]2,000 per boat per annum.
Are there any specific conditions for the driving license required for eligibility?
The applicant should possess a driving license issued by the Transport Authority for driving moped/auto goods carrier or transport vehicle.
Is there a deadline for producing documentary evidence for verification after vehicle purchase?
Beneficiaries need to produce documentary evidence for verification within 60 days of vehicle purchase.
What is the maximum subsidy amount for the purchase of a mini lorry?
The scheme provides a 50% subsidy for the purchase of a mini lorry with 3-5 ton capacity, with a maximum subsidy of [?]3,50,000.
Can a fisherman apply for subsidy without being a member of a Fishermen Cooperative Society?
No, the applicant must be a member of a Fishermen Cooperative Society to be eligible for the subsidy.
How is the subsidy amount disbursed to the beneficiary?
The subsidy amount is released to the bank and credited to the account of the beneficiary, as sanctioned by the bank.