Interest Subsidy on Loans for Agriculture and Allied Activities
in Goa
Last updated:
Interest Subsidy on Loans for Agriculture and Allied Activities in Goa
Interest Subsidy on Loans for Agriculture and Allied Activities is a government scheme available to eligible residents of Goa.
Apply for Interest Subsidy on Loans for Agriculture and Allied Activities in Goa
Scheme Overview
“Interest Subsidy on Loans for Agriculture and Allied Activities” is a scheme by the Dept. of Fisheries, Govt. of Goa. The bonafide agriculturist, individual of the animal husbandry/fisheries sector from Goa are provided a loan of upto ₹ 5,00,000 for the purpose of Agriculture and Allied Activities.
Eligibility Criteria
> **For Inland Fisheries**
- The applicant should own or lease any of the fisheries-related activities, such as pond, tank, open water bodies, raceway, hatchery, rearing unit, possess the necessary license for fish farming and fishing-related activities, and any other state-specific fisheries and allied activities.
- The applicant may include fishers, fish farmers (individual & groups/partners/share/croppers/tenants/farmers), self-help groups, joint liability groups, and women groups.
> **For Marine Fisheries**
- The applicant should own or lease a registered fishing vessel/boat, possess the necessary fishing license/permission for fishing in estuaries and sea, engage in fish farming/mariculture activities in estuaries and open sea, and participate in any other state-specific fisheries and allied activities.
Benefits
Loan of upto ₹ 5,00,000.
Interest Subsidy on Short-Term Loans: 4% to farmers who promptly repay their loans.
Interest Subsidy on Long-Term Loans: Equal to the difference between a 4% interest rate and the normal rate charged by eligible Banks, in line with their policies. The subsidy is subject to a maximum limit of 8%.
Required Documents
| # | Document |
|---|---|
| 1 | Quotation Bill |
| 2 | Aadhaar Card of Applicant |
| 3 | Vessel Registration Certificate |
| 4 | Fishing & Net Licence Receipts |
| 5 | Letter From Bank to Avail Loan |
| 6 | Copy of Permission Letter Issued by Directorate of Fisheries to Construct Canoe/trawler/purseiner/purchase of New Net |
| 7 | Copy of Certificate Issued by Coastal Aquaculture Authority for Construction/renovation of Prawn Farming |
| 8 | Inspection Report From Fisheries Officer |
| 9 | Mandate Form |
How to Apply in Goa
Step 1: The interested applicant should request the prescribed format of the application form from the department.
Offline Step 1: The interested applicant should request the prescribed format of the application form from the department.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Offline Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the concerned authority at the Department of Fisheries, Dayanand Bandodkar Marg, Patto Colony, Panaji Goa - 403 521, or to the official posted at BDO Office/ Su…
Offline Any dissatisfaction or complaint about any service or its standards can be registered with the Department's Grievance Redressal Officer. The grievance can also be lodged on the link [email protected]. All complaints will be acknowledged by us and final action taken will be communicated within 30 days.
Common questions in Goa
Who can apply for Interest Subsidy on Loans for Agriculture and Allied Activities in Goa?
Eligible residents of Goa who meet the scheme’s overall criteria can apply for Interest Subsidy on Loans for Agriculture and Allied Activities. Refer to the eligibility section above for the complete checklist.
What documents are required for Interest Subsidy on Loans for Agriculture and Allied Activities in Goa?
Applicants in Goa typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The official website is www.fisheries.goa.gov.in. For detailed guidelines, refer to https://fisheries.goa.gov.in/wp-content/uploads/2023/07/CitizenCharter-2.pdf.