LOAN SCHEME FOR THE REPLACEMENT OF OUTBOARD ENGINE

Maximum Loan Amount

Up to a maximum of Rs 100,000 and a Government grant of Up to a maximum of Rs 50,000 (50% of Project Cost)

Repayment Period

Up to 7 Years

Purpose of Loan

Replacement of outboard engine (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