Fisheries Financing Program
The fisheries financing program covers the purchase of engine, fishing gear, communication and protection equipment.
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What's the process?
Application and Screening
Assessment of Project
Financing Support
Features and Terms
The purchase of an engine and the purchase of equipment, fishing gear, communication equipment and protection
Financing of fishing boats
- Financing up to 340,000 QAR for engine per boat including purchase of new boat (depending on the length of the boat)
- Financing up to 20,000 QAR for equipment
- The maximum tenor period is 6 years with a maximum grace period of two months
- Profit rate starting from 1% + insurance fees
Financing of fishing vessels
- Financing up to 200,000 QAR for each vessel's (Engine) (not including the purchase of new vessel)
- Financing up to 100,000 QAR for fishing equipment
- Financing up to 150,000 QAR for the refrigerator and transportation unit
- Maximum tenor period of 5 years with a grace period of two months maximum
- Profit rate starting from 1% + insurance fees
Frequently Asked Questions
How can I apply for fisheries financing?
You can register for financing by filling out the application here.
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What is the financing value?
- Financing amounts up to 340,000 QAR per fishing boat and reaches up to 20,000 Qatari riyals for equipment.
- Financing amounts to 200,000 QAR per vessel (not including the purchase of a new vessel), while it reaches 100,000 QAR for fishing equipment, and up to 150,000 QAR for refrigerator and transportation unit.
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What is the repayment period and grace period?
The maximum repayment period for fishing boats is 6 years with a grace period of maximum two months and a profit rate starting from 1% + insurance fees. The maximum repayment period for fishing vessels is 5 years with a maximum grace period of two months and a profit rate starting from 1% + insurance fees.
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