Role of the state and financial institutions in financing the fishing industry
The experience of the Government in the recovery of loans for 28 foot mechanized vessels has been unsatisfactory. The author examines the various aspects which have contributed to this situation, and considers arrangements for financing purchase of such vessels. The risks associated with the investment in 38 foot vessels are high, and it seems that the reluctance of private investors to make the required contribution from personal funds is a result of fear of the unknown. Current incentives provided by the Government to the private sector for the purchase of 38 foot vessels are considered to be adequate.
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| Main Author: | |
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| Format: | article biblioteca |
| Language: | English |
| Published: |
1978
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| Subjects: | Fisheries, fishing industry, financial resources, financial management, fishery policy, fishery economics, financial institutions, fishery development, Sri Lanka, |
| Online Access: | http://hdl.handle.net/1834/32877 |
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