Aquaculture Subsidy, Loan, Eligibility, License, Schemes

Aquaculture subsidy schemes, loans and eligibility: As India is endowed with vast resources in terms of ponds, tanks, rivers, canals, reservoirs, lakes and other water bodies which produces an immense scope for farmers and entrepreneurs in the development of aquaculture farming in Indiain order to strengthen the food security, generate employment opportunities so that to earn foreign exchange which is the ultimate objective of improving the socio economic status in aquaculture sector. Based on these things, Government of India has formulated and launched many schemes and subsidies on “Development of Aquaculture” under macro-management approach in all the states in India.

A guide to aquaculture subsidy and loans in India

The total amount approved for the entire 10^th plan period or for this macro-management approach is Rs. 135 crores. The components approved under this scheme are:Development of Freshwater Aquaculture, Development of Brackishwater Aquaculture, Coldwater Fisheries and Aquaculture, Development of Waterlogged Areas, Productive Utilization of Inland Saline/Alkaline Soils for Aquaculture and Integrated Development of Inland Aquaculture Capture Resources.

List of schemes and subsidies for aquaculture

These are the list of the subsidies and schemes available for the aquaculture.

1. Centrally sponsored scheme on Blue revolution

The centrally sponsored scheme on Blue revolution under the integrated development and management of fisheries the state and central subsidies include-

• For general category the eligibility of the subsidy is 40% of the project cost.
• For other categories like SC, ST, women and their cooperativesthe subsidyis 60% of the project.
• North east and hilly areas the subsidy amount is 90% central share and 10% state share.
• For the areas such as union territories the subsidy share is 100% central share.
• For other states the subsidy rates are 60% central share and 40% state share.

2. Development of Freshwater Aquaculture (FFDA’s) on going Component

This includes the following subsidies under the FFDA’s scheme.

• For the construction of the new ponds the subsidy available is 20% along with ceiling for Rs. 2 lakh and a ceiling of Rs.40,000/ha for all the farmers except SC’s and ST’s for whom it will be Rs.50,000/ha i.e., 25% of the subsidy. For hilly region the subsidy is 25% and the available amount is Rs.60,000/ha for all farmers except SC’s and ST’s where it is Rs. 75,000/ha.
• For reclamation/renovation of ponds/tanks the subsidy available is 20% with a ceiling of Rs.12,000/ha for all farmers except SC’s and ST’s where it is Rs. 15,000/ha.
• Cost of inputs for finfish culture the subsidy available is 20% i.e., Rs.30,000/ha for all farmers except SC’s and ST’s where it is Rs. 35,000/ha.
• For integrated fish farming the subsidy provided is 20% which is of Rs.16,000 where for all farmers except SC’s and ST’s where it is Rs. 20,000/ha i.e., 25%
• For freshwater fish seed hatchery where the subsidy is 10% for Rs.8 lakh, for the plain and hilly areas.

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3. National fisheries development board scheme
   

• Construction of new fish/prawn ponds and tanks the subsidy available is 20% for an amount of Rs.3 lakhs for all farmers except SC’s and ST’s where it is 25%.
• For renovation of existing fish/prawn ponds and tanksthe subsidy available is 20% for the amount of unit cost for all farmers except SC’s and ST’s where it is 25%.
• For establishment of freshwater prawn seed hatcherythe subsidy available is 40% for theunit cost.
• For the establishment of fish seed hatchery the subsidy available is 20% for the amount of unit cost for all farmers except SC’s and ST’s where it is 25%.
• For the renovation of fish seed farms/ hatchery the subsidy available is 40% for theunit cost.
• For running water fish culturethe subsidy available is 20% for the amount of unit cost for all farmers except SC’s and ST’s where it is 25%.
• For ornamental fisherieshatchery the subsidy available is 40% for theunit cost.
• For reservoir fisheries development, the subsidy provided is 100% grant for stocking offingerlings.
• For coastal aquaculture the subsidy provided is 25% of cost subject to a maximum of Rs. 0.60 lakh/ha as subsidy to farmers or entrepreneurs.
• The subsidy available for need based financial assistance for development and demonstration of innovative or new technologies is 40% grant to theCentral/State Government Organization/Federation for setting up an aquaculture.
• The subsidy available for mariculture is 40% on the unit cost which will not exceed Rs. 28.80 lakh/unit.
• The subsidy available for seaweed culture is 40% on the unit cost to women SHG’s and entrepreneurs.
• The subsidy available for the development of domestic fish marketing is 40% of capital cost as grant to government fisheries departments, quasi government organizations, local civic bodies, and research institutes.
• The subsidy available for infrastructure development for harbours and landing centres is 40% grant to State Governments/ Port Trusts.

4. Blue revolution – Inland fisheries scheme

Under the Blue revolution inland fisheries scheme, the Government of India, the list of subsidies available with an outlay of Rs.50 crores are mentioned below-

• The subsidy available establishing fish seed hatcheries for general is 40% and for SC, ST’s, cooperates and NE states is 50%
• The subsidy available establishing fish feed mill (formulated pellet feed)for general is 40% and for SC’s, ST’s, cooperates and NE states is 50%
• The subsidy available installation of cages (cage fish culture)for general is 40% and for SC’s, ST’s, cooperates and NE states is 50%
• The subsidy available installation Recirculatory Aquaculture Systems (RAS)for general is 40% and for SC’s, ST’s, cooperates and NE states is 50%
• The subsidy available stocking of fish fingerlings in beels wetlands for general is 100% and for SC’s, ST’s, cooperates and NE states is 100%
• The subsidy available installation creation of new fish pondsfor general is 40% and for SC’s, ST’s, cooperates and NE states is 50%
• The subsidy available one-time inputs of formulated fish feed to fish farmersfor general is 100% and for SC’s, ST’s, cooperates and NE states is 100%

5. NABARD Scheme for aquaculture

In order to encourage the farmers and low income people where they can get the subsidy of 60-70% of the recurring cost is for feed in any type of aquaculture unit and especially in brackish water shrimp farming.The farmers are relying on compounded feed which has a price range of ` 45- 50 per Kg which is very costly. Hence NABARD provides subsidy to encourage feed formulations in order to avoid the usage of locallyavailable ingredients.

Eligibility criteria for availing aquaculture subsidy from NABARD

The following criteria are required to select farmers or entrepreneurs to avail the above subsidiesand specially inconsidering the creation of infrastructure facilities for rearing spawn/fry to fingerlings in earthen ponds:

• Will check for the past performance of freshwater hatchery of the farmer who applied for/ aquaculture including record of his/ her training in the said activity.
• Willingness/ entrepreneurship of the farmer to handle the steps from fish seed rearing to fingerlings on the basis of scientific lines.
• Checking for the availability of adequate water facility throughout the year.
• Clear details and the title of the land.
• If pond/ tank taken on lease which you are planning to setup the aquaculture, a minimum lease period of 10 years would be preferred.
• The farmer should contribute towards the working capital.
• Farmer need to provide the Bank’s consent for availing the loan/commitment of the entrepreneur responsible for establishing the aquaculture unit, to invest 80% of the unit cost on his own.

Loans available for aquaculture

There are number of loans available to purchase the fish nets, fish seeds, and other major related equipment’s required in aquaculture.

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Eligibility criteria for availing aquaculture loans

All the farmers and fisherman having knowledge in aquaculture can apply for these loans.

Interest rate

The interest rate for these loans is 12% per annum and the amount of loan sanctioned is 15 to 25% of the project cost.

Repayment period

The repayment period varies from bank to bank and generally the period and is of maximum 48 months.

Collateral need to submit for availing loan

If you want to avail this loan above 1 lakh then you need to submit a collateral of land documents for mortgage, whereas the loan amount availed is below Rs. 1 lakh then no need of any mortgage.

Documents required for aquaculture loans and subsidies

The below are the documents required for availing the subsidies and loans for aquaculture. These include-

1. Duly filled application form for concerned subsidy or loan which you are going to avail.
2. ID proof which can be a PAN card, Voter ID card, Aadhar card, Driving license, or passport.
3. Two passport size photograph of the individual who is availing the loan or the scheme.
4. Address proof of the individual which includes Voter ID, Aadhaar Card, Driving License, or Passport.
5. Village map showing the location of the aquaculture unit.
6. Source of income such as own income, etc.
7. Project report approved by MPEDA
8. Declaration form that he/she has not availed subsidy from any other source.

Licenses and permits required to set up aquaculture farming

The licenses and permits required to establish aquaculture are-

1. EPA permit,
2. State aquaculture professional license,
3. No Objection certificate from concerned agriculture department or revenue authorities,
4. Certificate of compliance,
5. Food handler’s certification,
6. Transport vehicle license,
7. Name of the company registration papers,
8. Insurance of the company,
9. Permission from Food commission etc.

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