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

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

The “Subsidy for the Purchase of Wooden/Fiber Reinforced Plastic/Steel Mechanised Boats” scheme has been launched by the Government of Puducherry. This initiative aims to enhance marine fish production by providing financial assistance for acquiring various types of mechanized boats, including wooden, fiber-reinforced plastic, and steel options.

Overview of the Scheme

This scheme operates as a sub-component under the broader initiative known as “Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries,” managed by the Department of Fisheries and Fishermen Welfare, Government of Puducherry. The primary goal is to boost marine fish production through subsidies that facilitate the purchase of mechanized boats.

Advantages of the Scheme

• 50% subsidy, capped at ₹7,50,000, for mechanized boats longer than 47 feet, linked to bank financing for new fishing vessels.
• 50% subsidy, up to ₹11,00,000, for steel mechanized boats measuring between 45 to 54 feet, also tied to bank financing for new purchases.
• 50% subsidy, with a maximum of ₹2,50,000 per boat, for converting or modernizing an existing mechanized fishing boat (with a unit cost of ₹5,00,000).
• 50% subsidy, not exceeding ₹5,00,000, for upgrading existing mechanized fishing boats of 43 feet and above specifically for tuna long lining (unit cost of ₹10,00,000).

Note: The government may revise subsidy rates periodically.

Eligibility Requirements

• The applicant must either belong to the fishermen community or be actively involved in fishing or fish trade as a full-time occupation or as a prospective entrepreneur.
• Residency in the Union Territory of Puducherry for a minimum of five continuous years is mandatory at the time of application.
• Membership in a Fishermen Co-operative Society is required, and applicants should be aged between 23 and 60 years.
• Applicants must not currently receive an Old Age Pension from the department.
• Employment in Government, Government Undertakings, or Fishermen Co-operative Societies is not permitted.
• There should be no outstanding dues owed to the Department or Fishermen Co-operative Societies at the time of application.
• For male applicants, a minimum of five years’ sea fishing experience in a mechanized boat is necessary.
• Women applicants must demonstrate adequate experience in the fishing trade.
• Entrepreneurs must possess relevant experience in the fishing sector.

Application Procedure

Applicants can apply offline by following these steps:

1. Visit the Office/Sub-Office of the Department of Fisheries and Fishermen Welfare.
2. Request a hard copy of the application form from the relevant authority.
3. Complete the application form by filling out all required fields, attaching a passport-sized photograph (signed if necessary), and including copies of all required documents (self-attested if needed).
4. Submit the completed and signed application form along with the necessary documents to the designated authority.
5. Obtain a receipt or acknowledgment from the authority confirming the submission. This receipt should include crucial details such as the submission date, time, and a unique identification number, if applicable.

Official Information Source

For further details, visit myScheme.gov.in.