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Udupi: Fisheries, nationalized banks, and regional banks will issue waivers of 2%, 3% and zero interest rates in fiscal year 2017-18 and 2018-19 under the Fisheries Credit Waiver Scheme, as there is no pressure from banks for repayment of loans to deserving beneficiaries. Fisheries, Ports and Inland Water Transport Minister Srinivasa Poojary said.

He told a meeting of officials and fisheries associations on the fisheries loan waiver held at the District Panchayat Hall on Thursday, September 26.  The Minister pointed and instructed the District Lead Bank Officer to inform the fishermen that the Rs 50,000 loan granted to fishermen in 2017-18 and 2018-19 is being waived and the banks are pressurized for repayment of loans.

District Lead Bank Manager Rudesh said that I have already been notified not to pressure the beneficiaries of the fishermen’s loan waiver, and that the beneficiaries covered by the loan waiver scheme will be credited to their bank account by April 2019. The loan waive is the only beneficiary in a one member of family But it is possible to take advantage of fishermen’s cooperatives receiving the loans do not fall under the scope of this project, he said.

The fishermen’s union officials demanded that the fishermen be given credit only to certain nationalized banks, loans to all banks and loans from the cooperatives, and the loan waiver to be completed soon.

The District Lead Bank Manager said that the fishermen would be advised of all the banks in all nationalized banks and the loan waiver process would be completed soon.

 Minister Poojary said the fishermen’s various issues will be held every 2 months.

Mr. Yashpall Suvarna, President of DK & Udupi District Cooperative Fish Marketing Association welcomed.

 Kapu MLA Lalaji R Mendon, District Collector Jagdish, Managing Director of Fisheries Federation Harishkumar, Deputy Director of Fisheries Ganesh, Paswanath, Sudheer of Cooperatives and others were also present.