GSPV

"Grant of Subsidy for Procurement of Vehicle" aims to facilitate the quick transportation of fish catches from landing centers to marketing places, thereby preventing/minimizing spoilage of fish. It provides a 50% subsidy for the procurement of specified vehicles.

Launched in 2010, the scheme "Grant of Subsidy for Procurement of Vehicle" is a Sub-Scheme under the Umbrella Scheme "Puducherry Development of Shore Based Facilities, Ice Plants, Service Unit, Infrastructural Facilities and Quick Transport Facilities" is a development scheme by the Department of Fisheries and Fishermen Welfare, Government of Puducherry. The scheme aims to facilitate the quick transportation of fish catches from landing centers to marketing places, thereby preventing/minimizing spoilage of fish. It provides a 50% subsidy for the procurement of specified vehicles.

• The applicant should belong to the fishermen's community and must be a resident of the Union Territory of Puducherry by domicile or birth.
• The applicant's age should not be less than 18 years old or more than 50 years of age.
• The applicant should not have availed the benefit of a loan/subsidy under the scheme earlier for the purpose for which the subsidy is sought.
• The applicant should be a member of a Fishermen Cooperative Society and should not have any overdue with the society/department.
• The applicant should possess a driving license issued by the Transport Authority for driving a moped/auto goods carrier or transport vehicle.
• The applicant should not be employed in Government/Government undertakings/Societies either on a regular/part-time or temporary basis.

• 50% subsidy for the purchase of auto goods carrier up to 1-ton capacity (maximum subsidy of ₹75,000).
• 50% subsidy for the purchase of a mini truck with 1-3 ton capacity (maximum subsidy of ₹1,50,000).
• 50% subsidy for the purchase of a mini lorry with 3-5 ton capacity (maximum subsidy of ₹3,50,000).
• 50% subsidy for the purchase of an insulated fish van with 5-10 ton capacity (maximum subsidy of ₹5,00,000).
• 50% subsidy for the purchase of a moped with an insulated ice-box (maximum subsidy of ₹15,000).
• 50% subsidy for the purchase of engine spares for boats (maximum subsidy of ₹2,000 per boat per annum).

> Mode of Disbursement

The subsidy amount will be released to the bank and credited to the account of the beneficiary for whom the loan amount was sanctioned by the bank.