Fisheries Development Fund
Special Scheme for Artisanal Fishing (Checklist)
The special loan scheme aims to assist Artisanal fishing boat owners with funding to purchase, repair or replace fishing equipment or undertake minor vessel repair. To be eligible for the scheme the applicant’s vessel must fall under the Artisanal fishery.
Kindly make sure that the following documents are in order;
Forms
FDF special scheme for artisanal fishing loan application form
Credit Information System (CIS) form
Politically Exposed Person (PEP) form
Specimen signature card
Know your Customer (KYC)
Valid ID Card/Passport
Proof of address that does not exceed a period of at least three months (Utility bill, Telephone bill, Bank statements or letter from District Administrator)
Passport size photo (X2)
Self-employed individuals/partnership
Valid Seychelles Fishing Authority Boat owner registration card
Company
Certificate of incorporation
Certificate of official search of the company
Registered office of the Company
Details of authorised signatories
Board of resolution with regards to the business affair with DBS (if available)
Valid business license
Beneficial owner declaration
Supplementary Documents
A valid signed proforma invoice or quotation from the supplier that does not exceed a period of at least three months (payments are made directly to the supplier only)
Tax identification certificate
Security documents (assets to be pledged as collateral for the loan)
Loan Concession
A concessional loan of up to SCR3,000,000 for Seychellois investment in longline ventures and value addition.
Ownership – Minimum of 51% Seychellois beneficiary ownership
Interest – 3%
Repayment – Maximum 10 year
Personal Contribution – 5% of the total project cost
Grace Period – 12 months following the last disbursement
Application Fee – 1% of the loan amount and not exceeding SCR5,000
Guarantee/Security for the loan – As per normal DBS requirements
Project proposal must first be submitted to the Seychelles Fishing Authority (SFA) for appraisal and approval.
