Matsyajeebi Credit Card Scheme

Why it matters

A Kisan-Credit-Card-style loan of up to Rs 2 lakh at 7% interest for fish farmers, with no collateral required for loans up to Rs 1.6 lakh.

What you get

The Matsyajeebi Credit Card scheme extends institutional short-term credit to fish farmers in West Bengal for their working-capital needs — covering costs such as fingerlings/seed stock, feed, pond maintenance and equipment. All fish farmers, including small and marginal ones, are eligible, and the scheme allows borrowing up to Rs 2,00,000 at a concessional interest rate of 7% per annum, with no guarantee/collateral required for loans up to Rs 1.6 lakh. This mirrors the structure and intent of the Kisan Credit Card for crop farmers but is specifically tailored to the aquaculture sector's seasonal cash-flow needs and lower typical collateral availability among small fish farmers.

Eligibility criteria

• Fish farmer (including small and marginal) in West Bengal
• Registered/identifiable fish farming activity (pond, tank or other aquaculture unit)
• No collateral required for loans up to Rs 1.6 lakh

How to apply

1. 1

   Apply at a bank branch participating in the Matsyajeebi Credit Card scheme, or via the dedicated portal (mjcc-fisheries.wb.gov.in)

2. 2

   Submit fish-farming activity and land/pond details

3. 3

   Credit assessment and card issuance with the sanctioned limit

4. 4

   Drawdown as working capital for aquaculture inputs; repay per the credit card terms

Documents required

• Aadhaar card
• Pond/aquaculture unit ownership or lease proof
• Bank account details