What changed
Previously, KCC eligibility for inland fisheries required licensing/authorization criteria that varied across states. Now, the modified criteria allow beneficiaries to qualify if they own or lease fisheries-related assets (ponds, tanks, boats, nets, etc.) and hold any authorization/certification applicable in their respective state for fish farming or allied activities.
What it means for you
Banks can now process KCC applications for inland fisheries with greater flexibility, relying on state-specific documentation rather than a one-size-fits-all license. This reduces rejection rates due to missing or mismatched paperwork and expands credit access to genuine fish farmers. Lenders must update their internal KCC checklists to accept varied state authorizations.
What you must do
- Update KCC loan application forms and internal guidelines to accept state-specific authorizations for inland fisheries.
- Train branch staff on the revised eligibility criteria, emphasizing asset ownership/lease and state-level certification.
- Coordinate with local fisheries departments to verify acceptable authorizations in your operational states.
Who it affects
Scheduled Commercial Banks (including Small Finance Banks), Farmers engaged in inland fisheries and aquaculture, KCC loan processing teams, State fisheries departments
Does this circular apply to marine fisheries as well?
No, the modification specifically addresses inland fisheries and aquaculture. Marine fisheries remain under the earlier KCC guidelines.
What if a farmer has no state-specific authorization but owns assets?
The circular requires possession of necessary authorization/certification as applicable in the respective state. If the state does not mandate any, banks may rely on asset ownership/lease alone, but must verify local rules.
Are Regional Rural Banks (RRBs) covered by this circular?
No, the circular explicitly excludes Regional Rural Banks. Only Scheduled Commercial Banks (including Small Finance Banks) are directed to implement these changes.