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INLAND VESSEL BUILDING SUBSIDY SCHEME


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).