Fish Farming: Get 60% Subsidy to Start a Fish Farm

PM Matsya Sampada Yojana: Fish farming is one of the most popular businesses in rural areas.  In this business, farmers can easily make more money in less time. Moreover, the government is also providing financial assistance in form of a subsidy to those who wish to start fish farming.

The Central Government launched PM Matsya Sampada Yojana in 2020 to help small and small marginal farmers achieve financial independence. Under this scheme, farmers are given loans and free training to do fish farming.

Up to 60 percent subsidy is given

Women and people from the scheduled caste category who wish to start a fish farming business are offered a subsidy of 60% under this scheme. All others receive a subsidy of up to 40% subsidy. 

If you also want to apply for this scheme, then visit the official website of the government of India - dof.gov.in.

Government also provides loan for fish farming

A farmer can make a lot of profit by starting a fish farm. The cost of constructing a tank or pond with a 20 thousand kg capacity amounts to Rs 20 lakh, according to the project report of the National Fishery Development Board. Government funding makes up 60% of this. In addition, the government offers financing to launch this business.

Fish farmers can apply for a loan of Rs. 1,60,000 under the PM Matsya Sampada Yojana without guarantee through Kisan credit card. In addition, this card allows a maximum loan of Rs 3 lakh.