Scheme for Financing Fisheries Development

PURPOSE :

Financial assistance is extended for Construction/renovation of ponds/tanks., construction of sluices, purchase of fish prawn, fry and fingerlings/ fish seed/ prawn seed, purchase of inputs like oil cake, fertilizers, organic fertilizers and other feed materials upto the first harvest, purchase of nets, boxes, baskets, ropes, shovels, hooks and other accessories etc.

ELIGIBILITY :

Loan assistance is extended to farmers, individuals, co-operative societies, companies, association of persons who have adequate know-how and necessary infrastructural facilities for implementation of the scheme

EXTENT OF LOAN :

Need based.

REPAYMENT OF LOAN :

Loans need to be repaid within the period specified as under: -

• Pond fish culture:
• 5-8 years including gestation period with yearly mode of repayment.
• Brackish water fish/prawn culture:
• 5-10 years including gestation period with half-yearly mode of repayment