The central government has announced a loan scheme for small and marginal fishermen. In this scheme, the government of India will provide them a loan for the purchase of modern boats so that they can grow their business by venturing into deep sea.
Prime Minster Narendra Modi announced this loan scheme for fisherman in a public meeting organized at Diu in the Union Territory of Daman and Diu. The scheme is for those poor fisherman who are not able to buy modern type of boats due to lack of finance. The scheme will provide benefits to those who owns small boats using which cannot go to the deep part of the sea and cannot catch enough fishes.
Key Features About the Scheme:
A person can get up to Rs. 1 crore in money off of the scheme. This will come from a loan through the central government.
A boat that can go beyond 12 nautical miles from the surface should be utilized. The loan total should be enough to cover such a boat.
This is also designed for people aiming to get boats that handle more people. The boats to be used in the scheme may be used to handle many people so fishermen can work with others instead of being alone. This may help with making it easier for people to get more out of a search.
How to Participate in the Scheme:
Fishermen looking to use this scheme will have to get out to their local bank branches to find what is available. This includes looking at different banks to see who offers loans and how much they have to work with. All banks have their own amounts of funds provided by the government for the scheme.
Who is Eligible for the Scheme:
Fishermen rated as being small or marginal in capacity are eligible to take advantage of the scheme. These are fishermen in particular who need assistance with getting their businesses to grow and become more prominent. Information on the existing boats might be required at some loan offices to ensure that a person can utilize the loan properly.
A big fishing boats will be given to group of fisherman so that they can go beyond 12 nautical miles, where they can catch large number of fishes. Small fishermen, instead of fishing alone, can be part of such groups and share profits.
The details about this scheme can be obtain from official website.
Prime Minster Narendra Modi announced this loan scheme for fisherman in a public meeting organized at Diu in the Union Territory of Daman and Diu. The scheme is for those poor fisherman who are not able to buy modern type of boats due to lack of finance. The scheme will provide benefits to those who owns small boats using which cannot go to the deep part of the sea and cannot catch enough fishes.
Key Features About the Scheme:
A person can get up to Rs. 1 crore in money off of the scheme. This will come from a loan through the central government.
A boat that can go beyond 12 nautical miles from the surface should be utilized. The loan total should be enough to cover such a boat.
This is also designed for people aiming to get boats that handle more people. The boats to be used in the scheme may be used to handle many people so fishermen can work with others instead of being alone. This may help with making it easier for people to get more out of a search.
How to Participate in the Scheme:
Fishermen looking to use this scheme will have to get out to their local bank branches to find what is available. This includes looking at different banks to see who offers loans and how much they have to work with. All banks have their own amounts of funds provided by the government for the scheme.
Who is Eligible for the Scheme:
Fishermen rated as being small or marginal in capacity are eligible to take advantage of the scheme. These are fishermen in particular who need assistance with getting their businesses to grow and become more prominent. Information on the existing boats might be required at some loan offices to ensure that a person can utilize the loan properly.
A big fishing boats will be given to group of fisherman so that they can go beyond 12 nautical miles, where they can catch large number of fishes. Small fishermen, instead of fishing alone, can be part of such groups and share profits.
The details about this scheme can be obtain from official website.
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