Bihar Government Offers Up to 70% Subsidy for Fish Farming Business
Are you dreaming of starting your own business but struggling to find the funds to make it happen? Good news: the government of Bihar is now offering up to 70% subsidy for fish farming. Here’s what you need to know:
Why Fish Farming?
Fish farming is a profitable business that can provide a good source of income. As fish is an excellent source of protein and vitamins, it is highly sought after for food. Due to the government’s focus on fish farming, it is a profitable business venture.
Getting 70% Subsidy
The Bihar government is offering a bumper subsidy to those starting a fish farming business under the Reservoir Fisheries Development Scheme. The Animal and Fisheries Resources Department of the government is giving 70% subsidy of the unit cost to beneficiaries of all classes. The remaining amount will have to be borne by the beneficiary through bank loan or personal funds.
The government has fixed the cost of fish fingerling harvesting unit at Rs 60,000 per hectare, Rs 3 lakh per cage, and Rs 10.50 lakh per pen in the reservoir. The 70% subsidy will be given to all beneficiaries on these costs.
How to Apply
Applicants can apply online under the Reservoir Fisheries Development Scheme of Bihar Animal and Fisheries Resources Department by visiting fisheries.bihar.gov.in. The last date for online application is till 31.07.2023.
Conclusion
Starting your own business can be a daunting task, but with the help of government subsidies, it can be made easier. If you have a passion for fish farming, now is the time to take action and make your dream a reality. With the Bihar government’s subsidy for fish farming, you can start your own business and earn a good profit.
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