West Bengal Matsyajeebi Credit Card Scheme 2025 Eligibility & Application Process

West Bengal Matsyajeebi Credit Card Scheme- A calculated strategy to provide fish farmers with short-term institutional credit to meet their working capital needs is the Matsya Jeebi Credit Card (MJCC) program. The goal of this program is to reduce the fishermen’s dependency on unofficial lending sources.

It also seeks to promote income opportunities, job development, self-sufficiency, and productivity growth. The goal of the Fishermen’s Credit Card Scheme is to lessen their reliance on unofficial credit sources. Both fish farmers and fisherman can use the credit card service.

West Bengal Matsyajeebi Credit Card Scheme 2025

Program for Matsyajibi Credit Cards. This initiative offers loans with favorable terms and facilitates credit card services for fishers. All fish cultivators, small and marginal ones included, can take part in the inclusive system. The goal of the West Bengal government’s Matsyajeebi Credit Card Scheme is to help the state’s fishermen and fish growers make better living conditions.

Under the Department of Fisheries, this program was introduced in 2022 and offers small and marginal fish growers, fishermen, and others engaged in ancillary fisheries operations much-needed financial support. The objective of this program is to facilitate the state’s aquaculture industry by providing easy access to institutional financing.

West Bengal Matsyajeebi Credit Card Scheme Overviews

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Eligibility and Application Process of West Bengal Matsyajeebi Credit Card Scheme

In order to qualify for the West Bengal Matsyajeebi Credit Card Scheme, applicants must fulfill particular requirements and follow prescribed application procedures. You’ll need to gather required documents and finish the application online using the appropriate portal.

Eligibility Criteria

Candidates must live in West Bengal and engage in fishing as a hobby. There is typically a minimum age requirement of eighteen years old for applicants. You have to be working in the fishing sector full-time, either as an independent contractor or as a member of a cooperative. It could also be advantageous to take part in regional projects like the Duare Sarkar initiative. As part of the screening procedure, bank verifications and credit checks are performed to ensure financial stability and participation in fishing-related economic activities.

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Application Procedure

The official webpage serves as the main online application hub for the Matsyajeebi Credit Card. Start by registering yourself and filling in required details like name, address, and occupation. Following registration, you need to send in the application along with information about your earnings and fishing activities. Pay close attention to the directions and make sure all the fields are filled in correctly. For individuals who are not comfortable with the internet process, the Duare Sarkar program offers application camps and support. Applications are processed when they are submitted, and qualified candidates are notified of the following stages.

Documents Required

In order to apply for the Matsyajeebi Credit Card, you will require a number of documents. These consist of identifying documentation such as a PAN card, voter ID, or Aadhaar card. Verification of the address is also required; this is typically done with utility bills or voter ID. Documentation of your involvement in the fishing business, such as a work certificate or membership in a fishing cooperative, can be required. Evidence of income helps establish your financial situation, which is important for loan evaluation. To prevent inconsistencies during processing, make sure all documentation is up to date and corresponds with the data entered on the online application.

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West Bengal Matsyajeebi Credit Card Scheme Financial Benefits and Repayment Terms

For fishermen and fish growers, the West Bengal Matsyajeebi Credit Card Scheme offers substantial financial support. The program offers flexible payback schedules, interest reductions, and comprehensive borrowing alternatives.

Loan Amount and Interest Rates

You are eligible for loans up to Rs 200,000 under this plan. Fish production, marketing, and working capital can all be covered by this sum. The interest rate is set up to be reasonable and low by applying special discounts. The interest subsidy is an essential component. Simple interest rates of 4% year are usually applied to the loans, which makes it less stressful to handle payments.

Repayment Period and Moratorium

There is a moratorium period, which gives you some time after receiving the loan before repayments begin. This duration allows you to settle into using the funds productively without immediate financial pressure. The repayment period for the loans is designed to be flexible to accommodate the needs of the fish farming cycle. Generally, the repayment can extend up to 36 months. This helps in adjusting the repayments during the harvest season or in cases of a bad crop season.

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Interest Concession and Subvention

The interest rate concession is one of this scheme’s primary advantages. A portion of your interest expense is compensated by an interest subvention, which lessens your overall financial load. This is especially advantageous when the market is not doing well. The plan appeals to West Bengali fish farmers and fishermen because of these provisions. The aim is to retain economic stability within the fishing industry by guaranteeing the ability to sustain operations without being burdened by exorbitant interest rates.

West Bengal Matsyajeebi Credit Card Scheme FAQ’S

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