Subsidy for the Purchase of Wooden/Fiber Reinforced Plastic/Steel Mechanised Boats

What is 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.

Benefit

- 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. - 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. - 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). - 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.***

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

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Benefits

- 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. - 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. - 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). - 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

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.