Fisheries · Karnataka
Motorized Boat - Subsidy in Karnataka
Motorized Boat -
NABARD Unit Cost for Motorized Boat - in Karnataka
Government-approved benchmark amount for fisheries financing
Motorized Boat - — Traditional boat with Outboard Motor
Eligibility for Motorized Boat - Subsidy in Karnataka
Who can apply
- Individual farmers with land records (7/12, patta, or registered lease deed) in Karnataka
- 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: Traditional boat with Outboard Motor. If your investment differs in scale or configuration, ask your bank to identify the nearest applicable NABARD benchmark.
How to Apply for Motorized Boat - Subsidy in Karnataka
Step-by-step process
- Prepare a Detailed Project Report — Use the NABARD unit cost of ₹1,70,000 as the benchmark for a Traditional boat with Outboard Motor investment.
- Visit your bank in Karnataka — 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:
More Fisheries Subsidies in Karnataka
- Fresh water fish culture in₹3,50,000
- Fresh water prawn culture (1 ha)- Macrobrachium rosenbergii₹5,35,000
- Culture of Freshwater cat fish₹5,68,000
- Breeding and rearing of Ornamental fishes ( small unit)₹1,50,000
- Brackish water Shrimp farming-₹35,10,000
- Non mechanized fishing Boat-₹5,00,000
- Off shore fishing boat with steel hull- 20 meter OAL₹83,22,000
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Frequently Asked Questions
What is the NABARD subsidy amount for Motorized Boat - in Karnataka?
The NABARD unit cost for Motorized Boat - in Karnataka is ₹1,70,000 (specification: Traditional boat with Outboard Motor). 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 "Traditional boat with Outboard Motor" mean for Motorized Boat -?
The specification "Traditional boat with Outboard Motor" 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 Boat - subsidy in Karnataka?
Step 1: Prepare a DPR for Motorized Boat - using the NABARD unit cost of ₹1,70,000 as the benchmark. Step 2: Visit a nationalised bank or RRB in Karnataka 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 Boat - in Karnataka?
Motorized Boat - 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 Karnataka.
Which state gives the highest subsidy for Motorized Boat -?
Karnataka offers ₹1,70,000 for Motorized Boat -, 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 Boat - financing in Karnataka?
NABARD-linked term loans for fisheries investments like Motorized Boat - 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.