Subsidy for the Purchase of Wooden/Fiber Reinforced Plastic/Steel Mechanised Boats
The scheme "Subsidy for the Purchase of Wooden/Fiber Reinforced Plastic/Steel Mechanised Boats" is introduced by the Government of Puducherry with the objective of increasing marine fish production by extending subsidies for the procurement of wooden/fiber-reinforced plastic/steel mechanized boats.
About This Scheme
Benefits
₹7.5 L
50% subsidy subject to a maximum of ₹7,50,000 for a mechanized boat of overall length above 47 feet with nets linked with bank finance for the purchase of a new fishing vessel.
₹11.0 L
50% subsidy subject to a maximum of ₹11,00,000 for a steel mechanized boat of overall length 45 to 54 feet with nets, linked with bank finance for the purchase of a new fishing vessel.
₹2.5 L
50% subsidy to a maximum of ₹2,50,000 per boat for conversion/modernization of an existing mechanized fishing boat (unit cost ₹5,00,000).
₹5.0 L
50% subsidy to a maximum of ₹5,00,000 for the modernization of an existing mechanized fishing boat with a size of 43 feet and above for tuna long lining (unit cost ₹10,00,000).
The rate of subsidy may be fixed by the Government from time to time.
Eligibility
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Required Documents
- ✦Passport Sized Photograph.
- ✦Aadhaar Card.
- ✦Election Photo Identity Card (for Proof of Identity).
- ✦Ration Card (for Proof of Address).
- ✦Birth Certificate (for Proof of Age).
- ✦Membership Certificate from the President/Administrator of Fishermen/Fisherwoman Co-operative Society (in the case of fishermen).
- ✦Document attesting full-time engagement in fishing or fish trade occupation (in the case of Fish Traders).
- ✦Residence Certificate indicating a continuous period of not less than five years in the Union territory of Puducherry (from Deputy Tahsildar of the Area of Residence).
- ✦Enrollment certificate as a member of the Fishermen Co-operative Society.
- ✦Declaration of not being a recipient of Old Age Pension.
- ✦Declaration of not being employed in Government/Government Undertakings/Fishermen Co-operative Society.
- ✦Declaration certifying that the applicant has no outstanding dues to the Department/Fishermen Co-operative Societies at the time of application.
- ✦Proof of Sea Fishing Experience (Minimum 5 Years) (for male applicants).
- ✦Proof of Sufficient Fishing Trade Experience issued by the Village Panchayat (for female applicants).
- ✦Fishing Trade Experience Certificate issued by the Competent Authority (for entrepreneurs).
- ✦Loan Sanction Orders/Acceptance for Loan Sanction from the Bank/National Co-operative Development Corporation.
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- Central Government
- Max benefit
- ₹11.0 L