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Interest Subsidy on Loans for Agriculture and Allied Activities

“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.

State Cash

States / UT: Goa

Nodal department: Fisheries Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Agriculture,Rural & Environment

Sub-categories: Animal husbandry, Fishing and hunting, Financial assistance

Target beneficiaries: Individual

Tags: Fisheries, Animal Husbandry, Loan, Agriculture, Subsidy

Details

“Interest Subsidy on Loans for Agriculture and Allied Activities” is a scheme by the Department of Fisheries, Government of Goa. Through this scheme, the bonafide agriculturist, individuals of the animal husbandry sector/ fisheries sector from Goa are provided a loan of upto ₹ 5,00,000 for the purpose of Agriculture and Allied Activities. The applications are accepted only in offline mode.

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%
  • 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%.

Eligibility

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.

Application Process

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).
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/ Sub-Offices of the Department of Fisheries.

Grievance Redressal

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 dir-fish.goa@nic.in. All complaints will be acknowledged by us and final action taken will be communicated within 30 days.

Documents Required

No document list is available for this scheme yet.

References

Apply

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status