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FISHERIES DEVELOPMENT FUND (FDF) SCHEME

Up to €500,000 (approx. SCR 7 Million| 3% interest p.a.| Maximum 12 years Repayment 

The purpose of the FDF scheme is to further the economic development of the Fisheries sector, particularly aimed at improving the financing opportunities for local investors to participate in long line ventures and value addition. The project proposal is submitted to the Seychelles Fishing Authority (SFA) for its appraisal and recommendation. Once approved, it is forwarded to DBS for loan application procedure and financial appraisal. Approval of the loan is decided by DBS.

Projects to be financed under this scheme includes:

  • Value addition and export promotion
  • Vessels upgrading
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BIF Loan Details

Up to 5 million

Financing

Minimum SCR 15,000 – maximum SCR 5,000,000

Up to 12 Years

Repayment Time

Negotiable up to 12 years depending on the type of projects and asset(s) being financed.

3 %

Interest Rate

Only 3%! It does not get better than this.

Up to 95 %

Financing coverage

Financing up to 95% of the project cost. This means your personal contribution to the project can be as low as 5%.

Required documents

To apply for an FDF Loan, you will need to submit the following:

  • Loan application
  • Business plan
  • Supporting documentation

FDF accepts lease as collateral at a rate of 1:1

Eligibility Criteria

Who Can Apply

Find out who can apply for the FDF loans and check if you qualify for our exclusive opportunities.

Any Seychellois

Registered Fishermen

Locally registered, Seychellois company

Locally registered Seychellois company with at least 51% Seychellois owned

Downloads

Use the documents below to apply for this type of loan

Know Your Customers (KYC) Form

Loan Application Form for company

Source of Personal Contribution Form

Beneficial Ownership Form

Loan Application Form for Sole Trader or Partnership