The second phase of financial assistance for the installation of saltwater cooling systems and solar power systems on fishing boats has been launched.
The Economic Ministry said the government's green economy policy is aimed at ensuring that fishermen can keep their fish fresh for a long time and to address the problems caused by lack of ice during the fishing season. In addition, the opportunity is open for those who wish to participate in the second phase of the project being implemented with the assistance of the Islamic Development Bank to increase the profitability of fisheries.
The project is being implemented jointly by the Ministry of Economic Affairs, Ministry of Fisheries, Marine Resources and Agriculture and SME Development Finance Corporation (SDFC).
As part of the program to provide financing for the installation of saltwater cooling systems (RSW systems) in the boats of fishing vessels and solar power systems for use on renewable energy vessels, the awarding of applications received in the first phase has already started.
The conditions for participation in this program are;
1 - Should be a registered vessel and have an valid fishing license issued by the Ministry.
2 - The vessel is still used for fishing.
3 - The vessel must be more than 50 feet long and have a capacity to store at least 15 tons of fish.
4 - The space required to set up the system is available in the vehicle.
5 - Ability to repay in accordance with the financing scheme prescribed by SDFC.
The Ministry of Economic Affairs said that those eligible to participate in the financing scheme will have the opportunity to choose the system for their vehicle from a list of listed (empaneled) suppliers on the SDFC website. The price of the financing facility will be determined based on the system chosen and the program will provide training on system installation and operation.
The financing of the program is provided by SME Development Financing Corporation (SDFC) through an Islamic financing scheme called RSW. The deadline for applications is 31 December
The Economic Ministry said the government's green economy policy is aimed at ensuring that fishermen can keep their fish fresh for a long time and to address the problems caused by lack of ice during the fishing season. In addition, the opportunity is open for those who wish to participate in the second phase of the project being implemented with the assistance of the Islamic Development Bank to increase the profitability of fisheries.
The project is being implemented jointly by the Ministry of Economic Affairs, Ministry of Fisheries, Marine Resources and Agriculture and SME Development Finance Corporation (SDFC).
As part of the program to provide financing for the installation of saltwater cooling systems (RSW systems) in the boats of fishing vessels and solar power systems for use on renewable energy vessels, the awarding of applications received in the first phase has already started.
The conditions for participation in this program are;
1 - Should be a registered vessel and have an valid fishing license issued by the Ministry.
2 - The vessel is still used for fishing.
3 - The vessel must be more than 50 feet long and have a capacity to store at least 15 tons of fish.
4 - The space required to set up the system is available in the vehicle.
5 - Ability to repay in accordance with the financing scheme prescribed by SDFC.
The Ministry of Economic Affairs said that those eligible to participate in the financing scheme will have the opportunity to choose the system for their vehicle from a list of listed (empaneled) suppliers on the SDFC website. The price of the financing facility will be determined based on the system chosen and the program will provide training on system installation and operation.
The financing of the program is provided by SME Development Financing Corporation (SDFC) through an Islamic financing scheme called RSW. The deadline for applications is 31 December
