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Friday 25 February 2005

India: Revised relief package for TN fishermen

The Tamil Nadu Government today unveiled a revised relief package for fishermen to enable them to buy or repair small fishing craft and mechanised boats.

In a statement, the Chief Minister, Jayalalithaa, said 50 per cent subsidy would be provided for the replacement of fully damaged fibreglass reinforced plastic catamarans/vallams subject to a maximum unit cost of Rs. 1.5 lakh and a total maximum subsidy of Rs. 75,000.

Replacement of fully damaged/lost mechanised boats would be taken up with a subsidy of 35 per cent of the total cost restricting the subsidy to a maximum of Rs. 5 lakhs a boat. Repairs to mechanised boats would be taken up with a subsidy of 60 per cent of the assessed damage restricted to a maximum of Rs. 3 lakhs a boat.

Read the Full Article at The Hindu
1 Comments Post a Comment
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Fri Feb 25, 04:46:00 AM IST