Fisheries department seeks additional grants for interest subvention scheme

Mangalore | Saturday | 11th February, 2017

Summary:

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. 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. 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. The fishermen in Karnataka need an average of 1.80-lakh kilo litres of diesel annually entailing outgo of Rs 100 crore and Rs 50 crore for kerosene and department has written to the union government to reimburse the same. MANGALURU: 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..