KCC for Fisheries under CM Fishermen Prosperity Scheme MP

Overview

Under the Chief Minister Fishermen Prosperity Scheme in Madhya Pradesh, the Kisan Credit Card (KCC) facility has been extended to fish farmers and fishermen. This gives them access to revolving credit for their day-to-day operations and seasonal needs in the fisheries sector.

Objective

The scheme bridges the credit gap faced by fishing communities in Madhya Pradesh by providing a simple, flexible credit tool. It eliminates the need for fresh loan applications each season, offering a convenient revolving credit line for fisheries operations.

Benefits

• Revolving credit facility through a Kisan Credit Card
• Interest subvention applicable under the central KCC scheme
• Credit limit based on scale of fishery operations
• Can be used for fish seed, feed, equipment, and operational expenses
• Includes a personal accident insurance cover

Eligibility

• Must be a registered fish farmer or active fisherman in Madhya Pradesh
• Should be registered with the Fisheries Department of Madhya Pradesh
• Individual fishers, SHG members, and fish farmer groups are eligible
• Freshwater fish farmers and inland fishers are specifically covered

Exclusions

• Fishers not registered with the state Fisheries Department
• Persons with existing loan defaults in scheduled banks
• Applications for activities outside the fisheries sector
• Fishers who are not engaged in active fishery operations

Application Process

1. Register with the District Fisheries Office in Madhya Pradesh
2. Obtain the KCC application form from any participating scheduled bank
3. Fill the form and attach all required documents
4. Submit to the bank branch nearest to your fishery location
5. Bank assesses the application and issues the Kisan Credit Card
6. Credit is available for use as needed within the sanctioned limit

Documents Required

• Fisheries registration certificate or fishing license
• Aadhaar card and bank account details
• Land lease or pond ownership documents
• Income certificate or previous year’s fishery income proof
• Passport-size photographs
• No-dues certificate from the previous lending institution (if applicable)