Loan Scheme to Fishermen – Construction of Canotte
Loan Scheme to Fishermen – Construction of Canotte
Maximum Loan Amount
Rs 300,000 and
Maximum Grant up to Rs 300,000
Maximum Grant up to Rs 300,000
Moratorium Period
1 year moratorium
Repayment Period
Up to 7 years including 1 year moratorium
Purpose of Loan
Purchase of fibre glass boat of above 7.0 metres and less than 12.0 metres in length equipped with either an inboard or outboard engine of 15 HP and above, safety equipment, life jacket for each person on boat, a set of 3 hand flares and radar reflector
Financing
90% of remaining cost of project up to a maximum of Rs 300,000
10% own funds
10% own funds
Eligibility
- Registered Fisherman
- Must be able to provide the evidence of the availability of funds in regards to contribution
Security
As per DBM Terms and Conditions