Grant of Subsidy for Procurement of Vehicle
"Grant of Subsidy for Procurement of Vehicle" aims to facilitate the quick transportation of fish catches from landing centers to marketing places, thereby preventing/minimizing spoilage of fish. It provides a 50% subsidy for the procurement of specified vehicles.
About This Scheme
Benefits
₹75.0K · annual
- 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).
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.
Eligibility
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Required Documents
- ✦Loan Sanction Order From the Bank.
- ✦Quotation From the Dealer for the Vehicle.
- ✦Driving License and Badge for Driving Moped/auto Goods Carrier or Transport Vehicle.
- ✦Purchase Invoice Copies and Rc Book for Vehicle Verification.
- ✦Copies of Mortgage Documents in Respect of the Beneficiary for Official Record.
✦ Required ◦ Optional
How to Apply
Step 1: The interested applicant should visit the Office/ Sub-Office of the Department of Fisheries and Fishermen Welfare.
Step 1: The interested applicant should request the hard copy of the prescribed format of the application form from the concerned authority.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the concerned authority.
Step 4: Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
Quick Info
- Level
- Central Government
- Max benefit
- ₹75.0K