Under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and state schemes, fishermen are incentivized to transition from bottom trawling to deep-sea oceanic tuna longlining.
Subsidy structure:
- 50% to 60% capital subsidy (up to ₹30 Lakh to ₹48 Lakh per vessel).
- Balance project cost is facilitated via institutional bank credit with nominal beneficiary equity.
Vessel specifications:
- Equipped with modern navigation GPS, satellite communication transponders, echo sounders, insulated fish holds, and longline haulers.
How to apply:
- Apply through the Assistant Director of Fisheries (ADF) at your regional coastal fishing harbor.