Fishermen who operate canoes can now avail of subsidy on the purchase of an outboard motor of 2 horsepower (HP) to 5 HP for the operation of the fishing vessels below 26 feet. The beneficiary can avail the scheme after every 5 years. The beneficiary belonging to general category is eligible for the grant of 50% subsidy limited to Rs 30,000 on a unit cost of Rs 60,000 (excluding GST). The beneficiary belonging to SC/ST/woman category is eligible for the grant of 60% subsidy limited to Rs 36,000 on a unit cost of Rs 60,000 (excluding GST). The fishing canoe must be registered with the captain of ports or the state directorate of fisheries and shall submit the vessel registration certificate duly incorporating the details of the outboard motor purchased under the scheme. The beneficiary shall produce the bills from the authorised dealer towards the purchase of the outboard motor of 2 HP to 5 HP. The beneficiary shall possess the valid river gill net registration certificate and license certificate issued by the department of fisheries. The beneficiary shall be eligible for financial assistance for only one outboard motor for fitting to his fishing canoe of below 26 feet. Also, the beneficiary shall not sell/lease/transfer outboard motors for the period of five years.
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