Catch the wave of opportunity with our exclusive loan For those of you working in the fields of saltwater and freshwater fisheries, the ornamental fish industry, and aquaculture.
Open an account at SMIB
Achieve your financial aspirations. Start your journey with SMIB
Are you Engaged in the following fields?
- Marine Fisheries: Offshore / Deep-Sea and Coastal Fisheries
- Inland Capture Fisheries
- Aquaculture and Shrimp Farming
- Export of Fish, Ornamental Fish, Sea Cucumber,Seaweed and Other Marine Products
- Manufacture of Boats, Fishing Equipment, Gear and Fish Feed Processing Tools
Key Features
- Minimum Loan- Rs. 250,000/=
- Maximum loans - up to Rs. 50 Mn
- Repayment Period - Up to 7 years
Eligible Borrowers
- Individuals, Sole Proprietors, Partnerships and Private Limited Liability Companies who are presently engaged in fisheries sectors.
- If applicant is individual should be age over 18 years and should have capacity to enter into an agreement with the bank and be the owner of business and have a business place of his/her own or in a rented-out/lease premises.
- New business/project start-up or diversification proposals are eligible when proposed start-up business is having a direct relationship by the owners 1 directors where the business was operational at least for three-years.
- Prompt and regular proven repayment history & minimum regular net monthly income which to be sufficient to repay the loan.
- Should be a registered member of the respective fisheries governing body/society.
