Subsidy for the Purchase of Wooden/Fiber Reinforced Plastic/Steel Mechanised Boats

• 50% subsidy subject to a maximum of ₹7,50,000 for a mechanized boat of overall length above 47 feet with nets linked with bank finance for the purchase of a new fishing vessel.
• 50% subsidy subject to a maximum of ₹11,00,000 for a steel mechanized boat of overall length 45 to 54 feet with nets, linked with bank finance for the purchase of a new fishing vessel.
• 50% subsidy to a maximum of ₹2,50,000 per boat for conversion/modernization of an existing mechanized fishing boat (unit cost ₹5,00,000).
• 50% subsidy to a maximum of ₹5,00,000 for the modernization of an existing mechanized fishing boat with a size of 43 feet and above for tuna long lining (unit cost ₹10,00,000).

**The rate of subsidy may be fixed by the Government from time to time.*

• The applicant should either belong to the fishermen community or be one of those professionally engaged in fishing/fish trade occupation on a full-time basis/prospective entrepreneurs.
• The applicant must have resided in the Union territory of Puducherry for a continuous period of not less than five years at the time of applying for extending subsidies/ grants.
• The applicant must have been enrolled as a member of the Fishermen Co-operative Society and be above the age of 23 years and below 60 years.
• The applicant must not have been a recipient of Old Age Pension, issued by the department.
• The applicant should not be employed in Government/ Government Undertakings/Fishermen Co-operative Society.
• The applicant must not have any dues to be paid to the Department/Fishermen Co-operative Societies at the time of making the application.
• In the case of male applicants, they should possess sea fishing experience in any mechanized boat for a minimum period of 5 years.
• In the case of women applicants, they should possess sufficient fishing trade experience.
• In the case of entrepreneurs, they should possess fishing trade experience.

Step 1: The interested applicant should visit the Office/ Sub-Office of the Department of Fisheries and Fishermen Welfare.

Step 1: The interested applicant should request the hard copy of the prescribed format of the application form from the concerned authority.

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.

Step 4: Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).