Fisheries and Aquaculture Infrastructure Development Fund (FIDF) Scheme
Features & Benefits
State Governments / Union Territories, State Owned Corporations/State Govt. Undertakings/ Govt. Sponsored / Supported Organizations, Fisheries Cooperative Federations (including FISHCOPFED etc.), Individuals, Cooperatives, collective groups of fish farmers & fish produce groups, Panchayat Raj Institutions/Self Help Groups (SHGs)/ NGOs, SCs/STs/Marginal Farmers, Women & entrepreneurs, Self Help Groups and cooperatives of these, Private companies/entrepreneurs, Physically disabled, Any other institution/entity to be decided by the Government.
Eligible Projects under the scheme
- Establishment of Fishing Harbors
- Establishment of Fish Landing Centers
- Infrastructure for Mari culture and Advanced Inland Fisheries (Ocean farming, Cage Culture etc)
- Construction of Ice Plants (both for marine and inland fisheries
- Development of Cold Storages (both for marine and inland fisheries)
- Fish Transport and Cold Chain Network Infrastructure
- Development of Modern Fish Markets
- Setting up of Brood Banks
- Development of Hatcheries
- Development of Aquaculture
- Modernization of State Fish Seed Farms
- Establishment of state of art Fisheries Training Centres
- Fish Processing Units
- Fish Feed Mills/Plants
- Establishment of Cage culture in Reservoirs
- Introduction of Deep Sea Fishing Vessels
- Establishment of Disease Diagnostic Laboratories
- Development of Mariculture
- Establishment of Aquatic Quarantine Facilities
- Any other innovative projects/activities designed to enhance fish production/productivity/value
Quantum of Finance & Assessment
The project under the FIDF shall be eligible for loan up to 80% of the estimated/actual project cost. Beneficiaries are required to contribute at least 20% of the project cost as margin money.
Loan Period: up to 12 years inclusive of moratorium of 2 years on repayment of principal.
Term Loan - Monthly/ Quarterly instalments depending upon Cash flow. Graded instalments are also allowed.
Interest frequency – Monthly.
How to Apply
Concessional financing under the FIDF is based on Detailed Project Reports (DPRs)/Self-contained proposals.
- The complete DPRs/self-contained proposals enclosing all approvals necessary for operationalization of the project for seeking concessional financing under the FIDF shall be submitted by the applicant in triplicate copies to Dept of Fisheries and National Fisheries Development Board(NFDB), Hyderabad - Nodal Implementing Agency.(NIA)
- Where to apply: DPR to be sent to: The Joint Secretary (Fisheries), Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying, Krishi Bhawan, New Delhi-110001.
- Copy of DPR to be sent to : The Chief Executive, National Fisheries Development Board, Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying, Pillar:235, PVNR Expressway, Hyderabad-500052.
- NFDB, being the Nodal Implementing Agency (NIA), shall scrutinize, evaluate, and appraise the proposal submitted by the Applicant and place before Central Approval and Monitoring Committee (CAMC) for approval.
- CAMC will consider the proposals placed before it and accord in principle approval to projects signifying approval for grant of interest subvention and recommend such approved proposals to the Bank for considering sanction of loans. Lending decision would be left to the Banks as per their policy and regulatory guidelines.
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Features & Benefits
Loans to individual farmers [including Self Help Groups (SHGs) or Joint Liability Groups (JLGs) i.e. groups of individual farmers, provided banks maintain disaggregated data of such loans and Proprietorship firms of farmers, directly engaged in Agriculture and Allied Activities, viz. dairy, fishery, animal husbandry, poultry, bee-keeping and sericulture. Loans sanctioned to Corporate farmers, Farmer Producer Organisations (FPOs)/(FPC) Companies of Individual Farmers, Partnership firms and Co-operatives of farmers engaged in Agriculture and Allied Activities are also eligible under farm credit subject to specific conditions.
AGRI INFRASTRUCTURE LOANS
Features & Benefits
Loans provided for construction of storage facilities, soil conservation and watershed development, Plant tissue culture and Agri-biotechnology, seed production, production of bio-pesticides, bio-fertilizer, and vermi composting are eligible to be classified under Agri infrastructure. Loans for construction of oil extraction/ processing units for production of bio-fuels, their storage and distribution infrastructure along with loans to entrepreneurs for setting up Compressed Bio Gas (CBG) plants are also eligible as per revised RBI guidelines.
AGRI ANCILLARY SERVICES
Features & Benefits
Loans to co-operative societies of farmers for purchase of the produce of members , Loans for setting up of Agri-clinics and Agri-business centres, Loans to Start-ups that are engaged in agriculture and allied services, Loans to Custom Service Units who undertake farm work for farmers on contract basis are eligible under this category. Loans provided for Food and Agro-processing up to an aggregate sanctioned limit of ₹100 crore per borrower from the banking system is also eligible under Ancillary services. Loans sanctioned by banks to MFIs and NBFCs complying specific conditions stipulated by RBI for on-lending to agriculture sector will also qualify under this head. In addition to these Bank loans to Primary Agricultural Credit Societies (PACS), Farmers’ Service Societies (FSS) and Large-sized Adivasi Multi-Purpose Societies (LAMPS) for on-lending to agriculture will qualify under ancillary category for priority classification.