Subsidy on Fish Farming: India is an agricultural country. More than 50% of India’s population is still dependent on agriculture or something else. But now the farmers of India are not only dependent on traditional farming. Rather they are also growing different types of crops and doing business. Many farmers in India have also turned towards fish farming.
Many farmers in India are earning a lot of profit from the business of fish farming. Not only this, now the government is also encouraging the business of fish farming. A lot of subsidy is also being given by the government. Let us know how much subsidy is given by the government on fish farming and how can its benefits be availed.
Government gives 60 percent subsidy
A lot of encouragement is given to farmers by the Government of India. For this, the government also runs many schemes. In which farmers are benefited in different ways. If a farmer wants to do fish farming business. Then the government has also arranged subsidy for that. Under the Pradhan Mantri Matsya Sampada Yojana, the government gives up to 60% subsidy to farmers for the business of fish farming.
Let us tell you that this subsidy is given to women of Scheduled Castes to start a business. Whereas the applicants who belong to the same category. They are given 40% subsidy under the Pradhan Mantri Matsya Sampada Yojana. The government started this scheme in the year 2020. Pradhan Mantri Matsya Sampada Yojana is the biggest scheme of the government run in the field of fish farming. Under this scheme, farmers are given free training in fish farming and loan for fish farming.
How to avail the benefits of PM Matsya Sampada Yojana?
Under the Pradhan Mantri Matsya Palan Yojana, the government provides loans at a very low interest rate. Under the scheme, farmers get loans up to Rs 2 lakh at an interest rate of 7% without any guarantee. Farmers who want to avail the benefits of this scheme have to submit a detailed project report or self-contained proposal to the District Fisheries Office of their district.
Any applicant between 18 and 60 years of age can apply for the scheme. For more information about the scheme, one can visit the official website of the scheme https://pmmsy.dof.gov.in/ and can also get information by calling the toll free number 1800-425-1660.