"Annual Insurance Premium for Boat Owners" under "Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries"

What is "Annual Insurance Premium for Boat Owners" under "Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries"?

"Annual Insurance Premium for Boat Owners" under "Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries" is introduced to increase marine fish production through subsidies for the annual premiums for insurance coverage paid by the mechanized boat operators.

Benefit

50% subsidy subject to a maximum of ₹ 20,000 per boat on annual insurance premium. ***The rate of subsidy/maximum limit may be revised by the Government from time to time.***

Level

State — Puducherry

Ministry / Dept.

Fisheries and Fishermen Welfare Department, Puducherry

Benefit type

cash

Key eligibility

- The applicant should either belong to the fishermen community or be one of those professionally engaged in fishing/fish trade occupation on a full-time basis/prospective entrepreneurs. - The applicant must have resided in the Union territory of Puducherry for a continuous period of not less than f

Last verified

Recently

Benefits

50% subsidy subject to a maximum of ₹ 20,000 per boat on annual insurance premium. ***The rate of subsidy/maximum limit may be revised by the Government from time to time.***

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   Step 1: The interested applicant should visit the Office/ Sub-Office of the Department of Fisheries and Fishermen Welfare.

2. Step 2: Offline application — step 2

   Step 1: The interested applicant should request the hard copy of the prescribed format of the application form from the concerned authority.

3. Step 3: Offline application — step 3

   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).

4. Step 4: Offline application — step 4

   Step 3: Submit the duly filled and signed application form along with the documents to the concerned authority.

5. Step 5: Offline application — step 5

   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).

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.