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 husbandr...
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 (who can apply)
> **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.
How to Apply
**Offline**
**Step 1:** The interested applicant should request the [prescribed format](https://fisheries.goa.gov.in/wp-content/uploads/2023/01/F.R.P.-Application-forms.pdf) 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](https://fisheries.goa.gov.in/contact-us-2/#) **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](https://fisheries.goa.gov.in/contact-us-2/#).
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.
Frequently Asked Questions
Who is eligible for Interest Subsidy on Loans for Agriculture and Allied Activities / what is the 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 fish...
What are the benefits of Interest Subsidy on Loans for Agriculture and Allied Activities?
- Loan of upto â‚ą 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...
How to apply online for Interest Subsidy on Loans for Agriculture and Allied Activities?
**Offline**
**Step 1:** The interested applicant should request the [prescribed format](https://fisheries.goa.gov.in/wp-content/uploads/2023/01/F.R.P.-Application-forms.pdf) of the application form from the department.
**Step 2:** In the application form, fill in all the mandatory fields,...