The Primary Cooperative Agriculture and Rural Development Bank Loan Scheme for Fishing Boats (Catamarans) is an initiative by the Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu. It provides financial assistance to farmers engaged in fishing activities, enabling them to purchase catamarans or small fishing boats. The scheme supports the fishing community by improving livelihood opportunities and facilitating access to essential equipment for sustainable fishing.
Highlights of TN Catamarans Loan Subsidy Scheme
• Scheme Name: Loan Scheme for Fishing Boats (Catamarans)
• Launched By: Department of Co-operation, Food and Consumer Protection, Tamil Nadu
• Implementing Body: Primary Cooperative Agriculture and Rural Development Bank
• Loan Amount: ₹15,000 to ₹60,000
• Interest Rate: As per bank policy (subject to periodic revision)
• Application Mode: Offline
Key Benefits
• Loan Assistance:
-
Get financial support ranging from ₹15,000 to ₹60,000 to purchase fishing boats (Catamarans)
• Livelihood Enhancement: -
Helps small and marginal farmers involved in fishing to improve productivity and income
• Flexible Interest Rates: -
Interest applicable as per prevailing bank policies
Eligibility Criteria
• Must be a resident of Tamil Nadu
• Must be a farmer or agriculturist
• Must be actively involved in fishing activities
• Must intend to purchase a fishing boat (Catamaran) using the loan
• Must be willing to obtain the loan through the Primary Cooperative Agriculture and Rural Development Bank
How to Apply – Offline Process
-
Visit your nearest Primary Cooperative Agriculture and Rural Development Bank
-
Collect the loan application form for the Catamaran scheme
-
Fill in all required details, paste a passport-size photograph (signed across, if needed)
-
Attach the required documents (self-attested copies)
-
Submit the completed application form to the concerned officer
-
Collect a receipt or acknowledgment slip with submission date and application ID/reference (if issued)
Necessary Documents for Application
• Identity Proof – Aadhaar Card, Voter ID, PAN Card, etc.
• Address Proof – Utility bill, Ration Card, etc.
• Occupation Proof – Certificate showing agricultural/fishing occupation
• Fishing License – If applicable
• Bank Account Details – For loan disbursement
• Any other documents as specified by the bank
Frequently Asked Questions (FAQs)
Q: What is the main objective of the scheme?
A: To provide financial assistance to farmers for purchasing fishing boats (Catamarans) and support their livelihood.
Q: What is the source of funding?
A: The scheme is implemented through Primary Cooperative Agriculture and Rural Development Banks under the Government of Tamil Nadu.
Q: Who is eligible to apply?
A: Tamil Nadu residents who are farmers involved in fishing and wish to purchase catamarans.
Q: How much loan amount can be availed?
A: Between ₹15,000 and ₹60,000, based on need and eligibility.
Q: Is a fishing license mandatory?
A: It may be required based on the local authority’s norms.
Q: What is the interest rate on the loan?
A: As per the prevailing policy of the Primary Cooperative Bank (subject to revision).
Q: How to apply?
A: Offline, by submitting the filled application form and documents at the nearest Primary Cooperative Agriculture and Rural Development Bank.
Q: Are there any income or community-specific restrictions?
A: No specific income or community restrictions mentioned, but the beneficiary must be a farmer involved in fishing.
References & Important Links
• Co-operation, Food and Consumer Protection Department – Tamil Nadu
• Official Guidelines from Primary Cooperative Agriculture and Rural Development Bank
• Field-level Cooperative Banks – Loan Application Centers
