Financial assistance to fisheries sector

Premkumar, G (1998) Financial assistance to fisheries sector. In: Kadalekum Kanivukal (Bounties of the Sea). CIFT, Cochin, pp. 159-162.

PDF 35.Pre.pdf Restricted to Registered users only Download (109kB) | Request a copy

Abstract

The assistance to fisheries sector by financial institutions is broadly in the areas of inland fisheries and marine fisheries. Different types of accommodations are available within these depending upon the nature of activity and requirement such as short term, medium term, long term loans. Short term loans are generally for seasonal operations covering a period of not more than 12 months, medium term loans are for small investment purposes like purchase of a country boat and net which can be repaid within three to five years and long term loans are for investments which require a longer period, generally more than seven years. A general rule in fixing the repayment period is that the beneficiary should be in a position to repay the loan and pay the interest thereon within the life of the asset created by utilising 50 percent of the incremental income generated. The balance is to be utilised for his domestic needs and the project after satisfying the above should be technically feasible, financially viable and bankable.

Actions (login required)

View Item