• For purchase / construction of mechanized boats.
• Mechanization of country boats with inboard / outboard engine.
• Non-mechanized boats.
• Catamarans.
• Nets and other fishing equipments.

• The applicant should be well experienced / professional fishermen.
• Applicant should be able to manage the craft and have trained crew to operate the craft / vessel. Skilled crew members should be available in the area.
• The applicant should be local resident and the place of residence of applicant should be within 25-30 KM’s from the branch.
• There should be good potential fishing grounds in the command area of coastal tracts and fish varieties which have good demand (inland / export) should be available in large quantities.
• There should be adequate harbour facilities for landing, berthing and sheltering of boats.
• The area should be well served by rail and road network tofacilitate quick transport of fish catch to the processing/marketing centres.
• Adequate servicing and repairing facilities for the craft should be available.
• There should be adequate cold storage / processing / freezing / canning facilities. For marketing, refrigerated and insulated transport vehicles must be available.
• The party should be preferably a member of Fish Marketing Federation, which assists the fishermen for marketing the catch and also undertakes to remit the sale proceeds to the bank.

• Up to ₹.2.00 lakhs – Hypothecation of assets created out of bank loan.
• Above ₹.2.00 lakhs – Hypothecation of assets plus mortgage of land.

Exceptions :Either mortgage of landed property or co-obligation of 3rd party acceptable to bank to be obtained in addition to hypothecation of assets created in following cases :

• Fishing boats (excluding deep sea fishing vessels).
• However, discretion is given to Sanctioning Authority to stipulate additional Collateral securities).

• Promoters should be having long standing experience in the line of fishing activity and/or one of the promoters must be a qualified skipper.
• The vessel proposed to be built/acquired should be designed to catch fishes like tuna, squids, lobster etc.
• Adequate potential for catches should be available in the area.
• There should be adequate harbour facility for landing, berthing and sheltering of the vessel.
• The area should be well served by rail and road network to facilitate quick transport of fish catch to the processing/marketing centre.
• Adequate facility for servicing any repairs for the vessel should be available in the area.

• The applicant should be experienced / professional fisherman/ trained entrepreneur.
• The applicant should own/take on lease land/water tanks/ swamps brackish water areas.
• Technical guidance from Fisheries Dept. should be available.
• Fingerlings should be easily available.
• The area should be well served by rail/road to facilitate quick transport of fish catches to processing/marketing centres.
• There should be adequate cold storage/processing/freezing/ canning facilities. Refrigerated and insulated.

• Up to ₹. 2.00 lakhs – Hypothecation of assets created out of bank loan.
• Above ₹. 2.00 lakhs – Hypothecation of assets plus mortgage of land.

• Culturing of Shrimps : Loan is to be repaid in one year with 2 or 3 equal instalments and first of such instalment shall fall due after 4 months of stocking.
• Culturing of fishes : Loan is to be repaid within one year in one lumpsum or after harvest of fishes whichever is earlier.
• Loans granted for repairing or desilting of ponds: for pond fish culture (5-8 years ) for brackish water fish / prawn culture (5-10 years ) Repayment holiday period of 11 months.