MUDRA Loan Scheme for Small and Marginal Fisherman

Dated: March 14, 2017 | Updated On: March 14, 2017 | By: Rajesh Kumar | | Beneficiary of Scheme:
MUDRA Loan Scheme for Fisherman

The central government has announced a loan scheme for small and marginal fishermen. Through this scheme, the government will provide them a loan for the purchase of modern boats so that they can grow their business by venturing into deep sea.

Prime Minster Narendra Modi announced this loan scheme for fisherman in a public meeting organized at Diu in the Union Territory of Daman and Diu. The scheme is for those poor fisherman who are not able to buy modern type of boats due to lack of finance. The scheme will provide benefits to those who owns small boats using which cannot go to the deep part of the sea and cannot catch enough fishes.

The government has almost completed the draft of the scheme which will be implemented across the nation. As per the directions of the scheme, a loan of upto Rs. 1 crore will be given to the group of poor fisherman in a village under MUDRA Yojana of central government. Under the scheme, 50 percent of the total funds of the scheme will be contributed by the central government.

A big fishing boats will be given to group of fisherman so that they can go beyond 12 nautical miles, where they can catch large number of fishes. Small fishermen, instead of fishing alone, can be part of such groups and share profits.

People having any kind of suggestion for the improvement of the scheme can come forward to the administration of Daman and Diu.

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