Finance committee issues guidelines for subsidies

The parliamentary finance committee on Wednesday completed guidelines to provide Rf50 million worth of subsidies for fishermen out of this year’s budget.

Speaking to press, MP Ahmed Nazim, chairman of the committee, said the guidelines prepared by the fisheries ministry would be replaced by the committee’s.

The finance committee’s guidelines would grant subsidies based on the size of fishing vessels, with four categories ranging from over 85 feet to below 44 feet.