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INLAND
VESSEL BUILDING SUBSIDY SCHEME
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In order to reduce the capital burden on the IWT operators, and to enhance their profitability, an inland vessel building subsidy scheme was introduced under which 30% cost of an inland vessel was subsidized by the Central Government ____Plan. This was applicable to both cargo and passenger inland vessels meant for operation in National Waterways, Sunderbans waterways or Indo-Bangladesh Protocol routes. This was for vessels acquired from a Shipyard in India. For details, click here. (The scheme's reintroduction/ extension in 11th Plan is under consideration). |