Record Details

Financial assistance to fisheries sector

CMFRI Repository

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Relation http://eprints.cmfri.org.in/4673/
 
Title Financial assistance to fisheries sector
 
Creator Premkumar, G
 
Subject Fisheries Economics
 
Description 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.
 
Publisher CIFT
 
Contributor Ravindran, K
Srinath, Krishna
Kunjipalu, K K
Sasikumar, V
 
Date 1998
 
Type Book Section
PeerReviewed
 
Format application/pdf
 
Language en
 
Identifier http://eprints.cmfri.org.in/4673/1/35.Pre.pdf
Premkumar, G (1998) Financial assistance to fisheries sector. In: Kadalekum Kanivukal (Bounties of the Sea). CIFT, Cochin, pp. 159-162.