LOAN SCHEME FOR THE PURCHASE OF CANOTTE

Maximum Loan Amount

Up to a maximum of Rs 300,000 and a Government grant of Up to a maximum of Rs 300,000 (50% of Project Cost)

Moratorium Period

Up to 1 year

Repayment Period

Up to 7 Years including moratorium

Purpose of Loan

Purchase of Canotte, engine/s and accessories (In collaboration with Ministry of Agro-Industry, Food Security, Blue Economy and Fisheries)

Financing

45% of cost of project

Eligibility

Registered Fishers

Security

As per DBM terms & conditions