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Karnataka: Fisheries department seeks additional grants for interest subvention scheme February 14,2017   |  Source: The Times of India

The department of fisheries has paid Rs 1 crore to banks on behalf of fishermen during 2016-17 for loans obtained by them under interest subvention scheme. The state government has provided additional grants of Rs 5.97 crore for this purpose and will be remitted towards the loan accounts of fishermen during the current fiscal, noted Pramod Madhwaraj, minister for fisheries, youth empowerment and sports said on Saturday. Under the scheme to reimburse sales tax on diesel used by fishermen in fishing boats during 2016-17, government has fixed a grant of Rs 100.50 crore. Out of this, Rs 95.52 crore will be available for use to reimburse sales tax component after setting aside funds to be used under the special component plan and Girijan sub-project. Hike in sales tax on diesel and price of diesel since April 2016 means department has to reimburse Rs 9.27 sales tax per litre of diesel sold.

With the available grants, department has reimbursed Rs 71.53 crore directly to bank accounts of fishermen. Department has submitted a bill of Rs 23.63 crore to the treasury to enable it reimburse fishermen for October and November respectively, the minister said. Once cleared, it would mean the department has paid Rs 95.23 crore by way of sales tax reimbursement on 1.15-lakh kilo litres of

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Years in Support of Small Scale Fishworkers (1986 - 2018)