About this agriculture scheme
"Annual Insurance Premium for Boat Owners" under "Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries" is introduced to increase marine fish production through subsidies for the annual premiums for insurance coverage paid by the mechanized boat operators.
The scheme "Annual Insurance Premium for Boat Owners" is a Sub-Component under the Umbrella Scheme "Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries" by the Department of Fisheries and Fishermen Welfare, Government of Puducherry. The scheme is introduced with the objective to increase marine fish production by extending subsidies for the procurement of annual premiums for insurance coverage paid by the registered mechanized boat operators.
Benefits at a glance
| Scheme name | “Annual Insurance Premium for Boat Owners” under “Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries” (AIPBO-FAASCDMF) |
|---|---|
| Launched by | Fisheries and Fishermen Welfare Department, Puducherry |
| Benefit type | Cash (money paid to your bank account) |
| Category | Agriculture |
| Level / State | State · Puducherry |
| Official portal | fisheries.py.gov.in (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Age | 23 to 60 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 23 to 60 years
- 💼Fishermen
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
50% subsidy subject to a maximum of Rs. 20,000 per boat on annual insurance premium.
The rate of subsidy/maximum limit may be revised by the Government from time to time.
Who qualifies
- The applicant should either belong to the fishermen community or be one of those professionally engaged in fishing/fish trade occupation on a full-time basis/prospective entrepreneurs.
- The applicant must have resided in the Union territory of Puducherry for a continuous period of not less than five years at the time of applying for extending subsidies/ grants.
- The applicant must have been enrolled as a member of the Fishermen Co-operative Society and be above the age of 23 years and below 60 years.
- The applicant must not have been a recipient of Old Age Pension, issued by the department.
- The applicant should not be employed in Government/ Government Undertakings/Fishermen Co-operative Society.
- The applicant must not have any dues to be paid to the Department/Fishermen Co-operative Societies at the time of making the application.
- The applicant should possess a registered mechanized boat.
- The applicant should have insured the boat on an annual basis with the authorized insurance company.
Papers to keep ready
0/14 documents ready
Tap a document to mark it as ready. Progress is saved on this device.
Registration walkthrough
Offline
Step 1: The interested applicant should visit the Office/ Sub-Office of the Department of Fisheries and Fishermen Welfare.
Step 1: The interested applicant should request the hard copy of the prescribed format of the application form from the concerned authority.
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.
Step 4: Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
Frequently asked questions
Can a person engaged in fish trade qualify for subsidies?
Yes, individuals engaged in fishing or fish trade occupations, including fish traders, are eligible for subsidies under these rules.
Can applicants with outstanding dues qualify for subsidies?
No, applicants must not have any outstanding dues to the Department/Fishermen Co-operative Societies at the time of application to be eligible for subsidies.
What role do Insurance Companies play in these rules?
Insurance Companies, as mentioned, are entities authorized for providing coverage for marine risks to fishing boats, a crucial aspect for registered mechanized boat operators as per the rules.
What is the timeline for shortlisting eligible beneficiaries after field inquiry work commences?
Eligible beneficiaries are shortlisted within 60 days from the commencement of field inquiry work, ensuring a prompt and efficient selection process.
Can applicants be above the age of 60 and still qualify?
No, applicants must be below the age of 60 to be eligible for subsidies and grants under these rules.
Who comprises the Departmental Selection Committee for the Puducherry region?
The Committee includes the Director of Fisheries and Fishermen Welfare, Joint Director, Deputy Director (Welfare), Secretary of Puducherry State Fishermen Co-operative Federation Limited, and Deputy Director (Mechanisation).
What is the role of the Departmental Selection Committee in the selection process?
The Committee, headed by the Director of Fisheries and Fishermen Welfare, is responsible for selecting beneficiaries based on shortlisted eligible applicants, ensuring a fair and transparent process.
What is the maximum annual subsidy provided for boat insurance, and how is it determined?
The maximum annual subsidy is 50% of the insurance premium, capped at Rs. 20,000 per boat. The Government may revise the subsidy rate or limit periodically.
How does the Government determine the rate of subsidy for boat insurance, and is there a possibility of changes over time?
The Government periodically reviews and may revise the rate of subsidy, considering factors affecting the insurance premium and overall scheme dynamics.
Is the maximum limit of Rs. 20,000 for annual insurance subsidy subject to change, and how is it determined?
The maximum limit of Rs. 20,000 per boat for the annual insurance subsidy is subject to potential revisions by the Government based on policy evaluations.
What factors contribute to the Government's decision to revise the rate of subsidy for boat insurance?
The rate of subsidy may be adjusted by the Government in response to changes in insurance dynamics, economic factors, or policy considerations.
Can an applicant qualify for the subsidy if their boat is not registered as mechanized?
No, eligibility requires ownership of a registered mechanized boat to avail the subsidy on the annual insurance premium.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines fisheries.py.gov.in (PDF)
- Application Form fisheries.py.gov.in (PDF)
- Contact Us fisheries.py.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
Explore more
