This scheme by the Uttarakhand Department of Fisheries helps cooperative societies boost their fisheries projects across hilly Read More... and plain areas with financial aid and support. Read less
Details
Looking to grow your fisheries business through a cooperative society in Uttarakhand? The State Integrated Cooperative Development Project is here to help. Launched by the Department of Fisheries, this initiative focuses on making fisheries development sustainable by supporting cooperative-based ventures.
The State Integrated Cooperative Development Project aims to strengthen the fisheries sector in Uttarakhand. It provides a structured way for cooperative societies to set up or expand their fishing activities. Whether you're in the mountainous regions or the plains, this project offers tailored support for various types of fisheries ventures.
This scheme is designed specifically for cooperative societies that are actively involved in the fisheries sector and are registered within Uttarakhand. It's a great opportunity for these groups to access resources and expertise to make their projects more successful.
The project plays a crucial role in promoting sustainable fishing practices and economic growth in the region. By facilitating loans, grants, and essential training, it empowers cooperative societies to adopt modern techniques, improve their output, and enhance their market reach, contributing to the overall development of the fisheries sector.
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Can individuals apply for this fisheries scheme?
No, this scheme is exclusively for cooperative societies that are registered in Uttarakhand and are involved in the fisheries sector. Individuals cannot apply directly.
What kind of projects can be funded in the hilly areas of Uttarakhand?
In the mountainous districts, the scheme supports projects related to trout farming, angling, and setting up retail outlets on a cluster basis.
How much of the project cost is covered by the government?
The project has a specific financial structure: 70% of the project cost is provided as a loan, 20% as a grant from the government, and the cooperative society needs to contribute the remaining 10%.
Is there a fee to apply for this project?
The scheme provides free training and capacity-building programs. While not explicitly stated, the application process itself does not mention any application fees.
What is the loan repayment duration?
Generally, the loan provided under this project is expected to be repaid within eight years. However, this period can be subject to changes made periodically by the National Cooperative Development Corporation (NCDC).
What happens after a cooperative society submits its project proposal?
Once submitted, the Detailed Project Reports (DPRs) or Business Development Plans (BDPs) are carefully reviewed at both the district and state levels. Cooperative societies that meet the project's suitability criteria are then selected.
Are cooperative societies required to submit a business plan?
Yes, it is mandatory for each cooperative society to prepare and submit a Detailed Project Report (DPR) or a Business Development Plan (BDP) as part of their application for this project.
How does the scheme help with selling the fish produced?
The project offers support for marketing and facilitating the sale of fish that is produced by the selected cooperative societies.
What is the interest rate on the loan component?
The current interest rate applicable to the loan amount is 9.61% per annum. Please note that this rate can change from time to time, following guidelines from the NCDC.
How are the funds for the project released?
Selected cooperative societies receive funds in installments. The release of these funds is contingent upon the progress of the project and adherence to all the prescribed conditions.