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Monday 24 January 2005

Rehabilitation package for fishermen in South India

In The Hindu : Rs. 32,000 subsidy for fishermen to buy boats.

"NEW DELHI, JAN. 19. Under the Union Cabinet's Rs. 2,731-crore relief and rehabilitation package for the victims of the tsunami in Tamil Nadu, Andhra Pradesh, Kerala and Pondicherry, fishermen who have lost their catamarans will be provided a subsidy of Rs. 32,000 to buy new ones.

Those who have lost boats with motors will be given a subsidy of 35 per cent and a loan for the balance amount for a vessel costing up to Rs. 1.5 lakhs. Those who had mechanised boats will be provided a subsidy of 35 per cent up to a ceiling of Rs. 5 lakhs and a loan for the remaining amount up to a unit cost of Rs. 20 lakhs.

In case only repairs were required, a subsidy of 60 per cent with a ceiling of Rs. 3 lakhs will be given for mechanised boats and a full subsidy of up to Rs. 10,000 for all other types of boats."
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