 "Govt amends Kerala Fishermen Debt Relief Commission Act to help fishermen")
Kerala Government on Thursday decided to amend Kerala State Fishermen Debt Relief Commission Act to help fishermen who are in debt after taking loans from banks, other agencies and individuals.
Kerala Chief Minister Pinarayi Vijayan said that the decision was taken to protect fishing workers from exploitation by lending agencies and private money lenders.
"Cabinet decided to amend Kerala State Fishermen Debt Relief Commission Act for providing assistance to fishermen who are suffering because of loans taken for fishing activities," he said.
The amendment will expand the ambit of relief to include those fishing workers who suffered losses in natural calamities. Currently, relief is available for loans till December 31, 2007, the amendment will expand the coverage to loans till December 31, 2008.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%