Cent Fishery Scheme

Purpose

Fish rearing/ catching, establishment of fish farms, purchase of sea fishing vessels,
Transportation and Post harvest management, establishment/ construction of fish marketing infrastructure and fisheries extension and support services- fish diagnostic/ testing labs, clinics etc.

Eligibility

*Individual(s) Fishers, Fish Farmers, Fish workers, SHGs/ JLGs in fisheries sector

Nature of facility

Term Loan/ CKCC/ CC/ OD

Margin

Up to Rs 1.60 Lakh  :  NIL

Above Rs 1.60 Lakh to Rs 3.00 Lakh : 10%

Above Rs 3.00 Lakh : 20%

Quantum of Loan

Maximum RS 25.00 Crore

Interest

Up to Rs 3.00 Lakh : MCLR + 1.35%

Above Rs 3.00 Lakh to Rs 10.00 Lakh : MCLR + 2.10%

Above Rs 10.00 Lakh up to Rs 1.00 Cr : MCLR + 2.60%

Above Rs 1.00 Cr RoI as per credit rating and realizable value of collateral security

Repayment

*5 to 10 years 

Security*

Collateral : Up to Rs 2.00 Lakh : NIL

Above Rs 2.00 Lakh up to Rs 2.00 Cr-

Loan up to Rs 10.00 Lakh : No collateral security, to be covered under NCGTC   Guarantee

Above Rs 10.00 Lakh up to Rs 5.00 Cr : No collateral if the activity eligible under   Micro and Small enterprises CGTMSE coverage to be taken

Above Rs 5.00 Cr : Mortgage of immovable property with realizable value minimum 100% sanctioned limit (FB+NFB)