Central GovernmentVerified

"Annual Insurance Premium for Boat Owners" under "Financial Assistance for Availing Subsidy Components for the Development of Marine Fisheries"

"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.

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About This Scheme

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

The rate of subsidy/maximum limit may be revised by the Government from time to time.

₹20.0K

50% subsidy subject to a maximum of ₹ 20,000 per boat on annual insurance premium.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

  • Passport Sized Photograph.
  • Aadhaar Card.
  • Election Photo Identity Card (for Proof of Identity).
  • Ration Card (for Proof of Address).
  • Birth Certificate (for Proof of Age).
  • Membership Certificate from the President/Administrator of Fishermen/Fisherwoman Co-operative Society (in the case of fishermen).
  • Document attesting full-time engagement in fishing or fish trade occupation (in the case of Fish Traders).
  • Residence Certificate indicating a continuous period of not less than five years in the Union territory of Puducherry (from Deputy Tahsildar of the Area of Residence).
  • Enrollment certificate as a member of the Fishermen Co-operative Society.
  • Declaration of not being a recipient of Old Age Pension.
  • Declaration of not being employed in Government/Government Undertakings/Fishermen Co-operative Society.
  • Declaration certifying that the applicant has no outstanding dues to the Department/Fishermen Co-operative Societies at the time of application.
  • Proof of Possession of the Registered Mechanized Boat.
  • Proof of Insurance of the Boat With an Authorized Insurance Company.

✦ Required ◦ Optional

How to Apply

IIn-person

Quick Info

Level
Central Government
Max benefit
₹20.0K