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Funding model combines Central and State equity support with external development assistance, officials in constant coordination with the Union ministries to secure remaining approvals
โน19-crore proposal backed by Fisheries department, but no field-level study or funding approval yet; boat owners forced to depend on private yards at Beypore and Kochi for repairs; limited time to complete repairs and obtain fitness clearance before fishing resumes
SBI Caps, entrusted with identifying a financial institution willing to lend around โน13,500 crore for the takeover, has reportedly been unable to finalise a deal despite approaching several agencies. Top officials familiar with the matter say no lender has so far shown willingness to provide the loan at low interest rates sought by the government
Indiaโs non-governmental organisations must navigate shifting foreign and domestic funding sources