Fisheries ministry extends application period for loans

The Ministry of Fisheries and Agriculture has extended the application period for seeking loans from an MVR8.8 million (US$570,687) fisheries development programme to modernise fishing vessels.

According to local media outlet CNM, the ministry decided to extend the deadline after it expired on July 9 following a number of requests from fishermen.

The new deadline is September 14, the ministry announced, while 60 percent of the loans are earmarked for young fishermen. Details of the loans would be available at the ministry and Bank of Maldives branches across the country.