Fisheries · Andaman And Nicobar
Motorized craft Subsidy in Andaman And Nicobar
Motorized craft
NABARD Unit Cost for Motorized craft in Andaman And Nicobar
Government-approved benchmark amount for fisheries financing
Motorized craft — Wooden 24ft OAL
Eligibility for Motorized craft Subsidy in Andaman And Nicobar
Who can apply
- Individual farmers with land records (7/12, patta, or registered lease deed) in Andaman And Nicobar
- Farmer Producer Organisations (FPOs) and Self-Help Groups (SHGs)
- Agri-entrepreneurs and cooperatives for commercial-scale investments
- SC/ST farmers and women farmers (eligible for enhanced subsidy component of 5–10% additional)
Specification note
This unit cost applies specifically to: Wooden 24ft OAL. If your investment differs in scale or configuration, ask your bank to identify the nearest applicable NABARD benchmark.
How to Apply for Motorized craft Subsidy in Andaman And Nicobar
Step-by-step process
- Prepare a Detailed Project Report — Use the NABARD unit cost of ₹5,50,000 as the benchmark for a Wooden 24ft OAL investment.
- Visit your bank in Andaman And Nicobar — Bring Aadhaar, land records (7/12 or patta), and the DPR to a nationalised bank, RRB, or PACS branch.
- Scheme linkage — The bank will link your application to PMMSY.
- Technical verification — A department officer inspects the asset after installation and submits a verification report to the sanctioning authority.
- Subsidy credit to loan account — The capital subsidy is deposited directly into your loan account, reducing the outstanding principal. Total processing time: 30–60 days.
Relevant central schemes:
Motorized craft Subsidy — State-wise Comparison
NABARD unit costs for Motorized craft across 2 states. Amounts reflect local input costs and state-level additions.
More Fisheries Subsidies in Andaman And Nicobar
- Non-Motorized craft (12 to 15ft)₹1,00,000
- Motorized craft₹5,00,000
- Motorization of traditional crafts₹1,00,000
- Mechanised Boat₹29,86,500
- Mechanised Boat₹31,00,000
- Mechanised Boat₹35,00,000
- Shrimp Culture₹8,47,000
More Subsidy Categories in Andaman And Nicobar
Agri Finance & Credit
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Agriculture News
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Frequently Asked Questions
What is the NABARD subsidy amount for Motorized craft in Andaman and Nicobar?
The NABARD unit cost for Motorized craft in Andaman and Nicobar is ₹5,50,000 (specification: Wooden 24ft OAL). This is the benchmark amount banks use when sanctioning a term loan for this activity. The actual subsidy you receive depends on the scheme — typically 25–50% of the unit cost.
What does "Wooden 24ft OAL" mean for Motorized craft?
The specification "Wooden 24ft OAL" defines the exact scale or parameters of the investment — such as area in hectares, capacity in litres per day, number of animals, or structural dimensions. NABARD unit costs are tied to this specification; a different scale may have a different unit cost. If your project differs, ask your bank to use the nearest applicable NABARD benchmark.
How do I apply for the Motorized craft subsidy in Andaman and Nicobar?
Step 1: Prepare a DPR for Motorized craft using the NABARD unit cost of ₹5,50,000 as the benchmark. Step 2: Visit a nationalised bank or RRB in Andaman and Nicobar with land records, Aadhaar, and the DPR. Step 3: The bank appraises and routes the subsidy claim through the Fisheries department. Step 4: After physical verification, the subsidy is deposited into your loan account. Total processing time is typically 30–60 days.
Which government scheme covers Motorized craft in Andaman and Nicobar?
Motorized craft falls under the Fisheries category. Relevant central schemes include Pradhan Mantri Matsya Sampada Yojana (PMMSY). Check the Apply section below for the specific portal and nodal department in Andaman and Nicobar.
Which state gives the highest subsidy for Motorized craft?
Andaman and Nicobar offers ₹5,50,000 for Motorized craft, which is among the higher rates across Indian states. The compare table below shows the exact amount in each state where NABARD has published a unit cost for this activity.
What is the loan repayment period for Motorized craft financing in Andaman and Nicobar?
NABARD-linked term loans for fisheries investments like Motorized craft typically have a repayment period of 5–9 years (including a moratorium of 1–2 years). The moratorium aligns with the gestation period of the investment — for example, a fruit orchard may take 3 years to yield income, so repayment begins after that. Exact tenure depends on your bank and the specific scheme.