Yes, individuals engaged in fishing or fish trade occupations, including fish traders, are eligible for subsidies under these rules.

No, applicants must not have any outstanding dues to the Department/Fishermen Co-operative Societies at the time of application to be eligible for subsidies.

Insurance Companies, as mentioned, are entities authorized for providing coverage for marine risks to fishing boats, a crucial aspect for registered mechanized boat operators as per the rules.

Eligible beneficiaries are shortlisted within 60 days from the commencement of field inquiry work, ensuring a prompt and efficient selection process.

No, applicants must be below the age of 60 to be eligible for subsidies and grants under these rules.

The Committee includes the Director of Fisheries and Fishermen Welfare, Joint Director, Deputy Director (Welfare), Secretary of Puducherry State Fishermen Co-operative Federation Limited, and Deputy Director (Mechanisation).

The Committee, headed by the Director of Fisheries and Fishermen Welfare, is responsible for selecting beneficiaries based on shortlisted eligible applicants, ensuring a fair and transparent process.

The maximum annual subsidy is 50% of the insurance premium, capped at ₹20,000 per boat. The Government may revise the subsidy rate or limit periodically.

The Government periodically reviews and may revise the rate of subsidy, considering factors affecting the insurance premium and overall scheme dynamics.

The maximum limit of ₹20,000 per boat for the annual insurance subsidy is subject to potential revisions by the Government based on policy evaluations.

The rate of subsidy may be adjusted by the Government in response to changes in insurance dynamics, economic factors, or policy considerations.

No, eligibility requires ownership of a registered mechanized boat to avail the subsidy on the annual insurance premium.