There will be a 60% subsidy for fish farming, know how to borrow from the bank

The government is encouraging fish farming, these facilities will be available

In order to increase the income of the farmers, the government emphasizes fishing along with agriculture. For this reason, the government offers the benefit of a subsidy of up to 60 percent to start fishing. Apart from this, many facilities are also being given to the fish farmers. Not only that, if you don’t have money, you can also take a loan from the bank to open a fish farming business. It should be mentioned here that loans will be given to KCC holders only, that means if you have KCC, you will easily get a loan from the bank. Today we will give you the amount of subsidy that the government will give to get a fish farming loan through TractorJunction and how you should apply for it. We are giving information about all these things in this post, so read this post till the end and take advantage of it.

Under what scheme is fishing aid given?

fishing For this the farmers are given assistance under the Pradhan Mantri Matsya Sampada Yojana, for this loan is given from the bank and apart from this training in fishing is also provided. At the same time, under NABARD, farmers are given assistance for fisheries for fish farming.

How much subsidy is available for fish farming

Under the Pradhan Mantri Matsya Sampada Yojana, the bank provides loan at an affordable rate for fish farming business. On this the subsidy benefit is offered. Under this scheme, subsidy benefit of up to 60 per cent is given to farmers and scheduled caste/tribe category farmers, while 40 per cent subsidy is given to general category farmers.

How much does he get a loan from the bank for fish farming

For fish farming, farmers can easily take a loan of up to Rs 2 lakh from KCC card. Interest must be paid on this loan at a rate of 7 percent. If you pay the loan on time the first time, you can apply for the loan again the next time. Because of this, you are offered a discount on the interest rate which is three percent. In this way, fishermen can get loans for this business from the bank at a rate of only 4 percent.

Interest free loans are being given to fish farmers in Rajasthan

According to media reports, the Rajasthan government has instructed officials to give loans at zero percent interest to farmers as well as fishermen and herdsmen. In a meeting of managing directors of all central cooperative banks of Apex Bank, principal secretary of cooperative department Shreya Guha issued instructions in this regard. He said that with this the needs of the people engaged in fishing and livestock farming would be met. He also said that more and more new member farmers should be linked with crop loans. This year, the government has decided to grant zero percent crop loan benefit to 5 lakh new member farmers. Let us tell you that in the year 2022-23, a target of distribution of interest-free crop loans of Rs 20,000 crore has been set in Rajasthan. Here we inform you that this facility will be available only to the farmers associated with the cooperative society.

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Fish farmers have such facilities in Chhattisgarh

In Chhattisgarh, zero interest loans are provided to fish farmers associated with cooperative societies. Whereas earlier, these fishermen were given loans of up to one lakh rupees at the rate of one percent and three lakh rupees at the rate of three percent. A credit card will be offered to provide cheap rate loans.

Here farmers get free water for fish farming. Earlier, for fish farming in the state, water supply was required through dams and irrigation reservoirs in an area of ​​30 thousand hectares through the canal, so the fish farmers and fishermen had to pay a fee of Rs 4 for every 10 thousand cubic feet of water, which is now free for fishermen. Under the scheme, farmers also get subsidy money for colorful fish farming. Apart from this, farmers also get 60 percent subsidy on behalf of NABARD for making tanks or ponds.

Apply for a bank loan like this

To get loans and grants for fish farming, you must first apply under the Pradhan Mantri Matsya Sampada Yojana. On the other hand, you will have to contact the nearest cooperative bank to get the loan, because the subsidy available in it is given under the NABARD scheme. Going to the bank, you have to fill out the loan form here. While filling the application you will mainly need to provide Aadhar Card, Land Documents, Copy of Bank Pass Book to get Bank Details, Mobile Number. After the application, if the loan is approved by the bank, you will be provided with the benefit of the subsidy.

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