Objective

Credit to all Fishery and its related activity

Target Group

Individuals, Proprietary concern, Partnership Firm, Private limited company, Public limited company, LLP, OPC, FPO, FPC's etc

Purpose

· Term loan & need based working capital for the below mentioned activities:

(i)Marine Fisheries - Fishing boats

(ii)Marine Fisheries - Deep Sea fishing vessels

(iii)Inland Fisheries

(iv)Fish processing & Other activity

Amount of Loan

• Minimum- Above Rs. 10.00 Lakh,
• Maximum- Rs.10.00 Crores

Security

Prime Security:

Hypothecation/ mortgage charge on fixed assets and hypothecation charge on current assets created out of bank finance.

Collateral Security:

Mortgage of Immovable property (SARFAESI compliant) & any other security acceptable to Bank.

Rate of Interest

Refer - Interest Rates at a Glance (Click here)

Repayment Period

Maximum 12 years based on the activities undertaken

Holiday

Maximum 24 months depends on the activities undertaken

For other details, please contact your nearest IOB branch.