Fishing loans are financial products designed specifically for the fishing industry in India. These loans help local fishermen and aquaculture businesses purchase equipment like nets, boats, and engines, or cover operational costs such as fuel and maintenance. In regions like Kerala and Tamil Nadu, government schemes and banks offer these loans with low interest rates to support sustainable fishing practices and boost livelihoods.
By providing access to capital, fishing loans enable Indian fishers to modernize their techniques, increase catch yields, and improve market access. This not only enhances income but also contributes to food security and economic growth in coastal communities. |
