To Provide Interest Subvention to Fishermen of the State at the Rate of 4% to the Beneficiaries Kishan Credit Card

Description
The scheme "To Provide Interest Subvention to Fishermen of the State at the Rate of 4% to the Beneficiaries Kishan Credit Card" introduced by the Agriculture, Farmers Welfare and Cooperation Department, Gujarat, aims to provide interest subvention to fishermen who avail short-term loans under the Kisan Credit Card scheme. If the loan is repaid on time, the beneficiaries receive a 4% interest relief, which helps reduce their financial burden and support sustainable fisheries-based livelihoods. The benefit can be claimed once per financial year.

Exclusions
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Benefits
• **Name of Component** **Standard of Assistance** **Minimum Time Limit (in Year) for Reclaiming Benefits)**To provide interest subvention to fishermen of the state at the rate of 4% to the beneficiaries Kishan Credit Card.4% interest subvention on timely repayment of short-term loans taken by animal husbandry up to ₹2,00,000/-.only once in a financial year

Eligibility Criteria
1. The applicant must be a fisherman.
2. The applicant must have taken a short-term loan from any of the following during the financial year:
3. - Primary Agricultural Credit Cooperative Society
4. - District Central Cooperative Bank
5. - Nationalized Bank
6. - Gramin Bank
7. - Private Bank
8. The applicant must have repaid the loan on time.

Required Documents
• Kisan Credit Card (KCC) details.
• Loan sanction and repayment statement.
• Identity Proof (Aadhaar, Voter ID, etc.).
• Proof of fishing activity.
• Bank account details.
• Any other documents as required.

Frequently Asked Questions
Q: What is the objective of this scheme?
A: The objective of this scheme is to offer a 4% interest relief on short-term loans taken under the Kisan Credit Card (KCC) scheme by fishermen who repay their loans on time.
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Q: Who can benefit from this scheme?
A: Only fishermen from Gujarat who have taken a short-term KCC loan and repaid it within the due time are eligible to receive the interest subvention benefit.
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Q: What is the maximum loan amount eligible under this scheme?
A: Under this scheme, interest subvention is provided on short-term KCC loans of up to ₹2,00,000/-.
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Q: How often can a fisherman avail this benefit?
A: A fisherman can avail the interest subvention benefit only once in a financial year.
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Q: Is an individual application required to avail the benefit?
A: No, individual applications are not required. The bank from which the fisherman has taken the loan submits a consolidated interest subvention proposal to the Registrar, Co-operative Societies.
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Q: Which financial institutions are covered under this scheme?
A: The scheme covers loans taken from Primary Agricultural Credit Cooperative Societies, District Central Cooperative Banks, Nationalized Banks, Gramin Banks, and Private Banks.
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Q: Is an individual application required to avail the benefit?
A: No, individual applications are not required. The bank from which the fisherman has taken the loan submits a consolidated interest subvention proposal to the Registrar, Co-operative Societies.
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Q: What documents are required to claim the benefit?
A: Documents such as the KCC loan sanction letter, proof of timely loan repayment, identity proof, address proof, and bank account details are required to process the benefit.
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Q: Who is responsible for processing the interest subvention?
A: The Registrar, Co-operative Societies, Gujarat State, Gandhinagar, is responsible for processing the interest subvention after receiving proposals from banks.
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Q: Can a farmer who is not a fisherman avail this scheme?
A: No, this scheme is specifically designed for fishermen and does not apply to farmers engaged in other agricultural activities.
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Q: Where can one find more details about this scheme?
A: More information about the scheme can be obtained from the bank where the loan was taken or from the office of the Registrar, Co-operative Societies, Gujarat State.