Objective

To liberate fisher women from the clutches of usurious money lenders and to increase their income.

Eligibility

Women who are engaged in processing of fish into dry fish, fish feed and other fish based products.

Purpose

Sorting, grading, drying, processing and selling of dry fish and packed fish.

Fish fast food counters, processed food vending stalls with requisite equipments.

Breeding and selling of decorative fish for aquarium.

Mode of Assistance

By way of working capital or term loan for equipments.

Amount of Loan

Maximum Rs 10 lacs.

Margin

Upto Rs 1.60 lac- nil.
Above Rs 1.60 lac - 15-25%

Security

Prime - Assets created out of Bank loan and margin amount.
Collateral-nil. To be covered under CGTMSE wherever eligible.

Rate of Interest

Varies from time to time. Presently

Upto Rs.10 lacs: One year MCLR+1.40%

Repayment

Within 5 years in monthly instalments including initial holiday period not exceeding 3 months.

For other details, please contact your nearest IOB branch.