Fisheries · Goa
Outboard Engine Subsidy in Goa
Outboard Engine
NABARD Unit Cost for Outboard Engine in Goa
Government-approved benchmark amount for fisheries financing
Outboard Engine
Eligibility for Outboard Engine Subsidy in Goa
Who can apply
- Individual farmers with land records (7/12, patta, or registered lease deed) in Goa
- 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)
How to Apply for Outboard Engine Subsidy in Goa
Step-by-step process
- Prepare a Detailed Project Report — Use the NABARD unit cost of ₹1,50,000 as the benchmark.
- Visit your bank in Goa — 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:
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Frequently Asked Questions
What is the NABARD subsidy amount for Outboard Engine in Goa?
The NABARD unit cost for Outboard Engine in Goa is ₹1,50,000. 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 "the specification" mean for Outboard Engine?
The specification "listed above" 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 Outboard Engine subsidy in Goa?
Step 1: Prepare a DPR for Outboard Engine using the NABARD unit cost of ₹1,50,000 as the benchmark. Step 2: Visit a nationalised bank or RRB in Goa 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 Outboard Engine in Goa?
Outboard Engine 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 Goa.
Which state gives the highest subsidy for Outboard Engine?
Goa offers ₹1,50,000 for Outboard Engine, 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 Outboard Engine financing in Goa?
NABARD-linked term loans for fisheries investments like Outboard Engine 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.