The Hindu : Kerala / Thiruvananthapuram News : Market intervention

Online edition of India's National Newspaper
Thursday, Dec 10, 2009
ePaper | Mobile/PDA Version

Kerala

Kerala - Thiruvananthapuram

Market intervention

Special Correspondent

THIRUVANANTHAPURAM: The Cabinet decided to initiate a number of market intervention measures to check price rise on Wednesday.

Briefing the media, Chief Minister V.S. Achuthanandan said that the government would lift all the rice allocated by the Centre at increased price for the APL (above the poverty line) ration card holders and distribute it at Rs.13 a kg.

The State Civil Supplies Corporation would start ten ‘Maveli hotels’ in each district by December 15. These hotels would provide noon meals at subsidised rate of Rs.10 to Rs.15.

Fishermen loan waiver

The State Cabinet decided to write off the loans totalling Rs.120 crore taken by fishermen, on the basis of the recommendations of the Fishermen’s Debt Relief Commission.

The loans of 46,804 fishermen taken from primary cooperatives under the Matsyafed would be written off as the first phase of the loan waiver for fishermen. He said this would come to about Rs.109 crore.

Besides, Rs.11 crore pertaining to housing loans taken from HUDCO by 9,891 fishermen would also be written off. The documents pledged by them would be returned.

Rehabilitation

The Chief Minister said the Cabinet cleared the proposed K.R. Narayanan Cooperative Village Settlement Project in Idukki district aimed at rehabilitation of 200 families belonging to the Scheduled Castes and the other backward classes living below the poverty line.

About Rs.10 crore from the total allocation of Rs.80 crore under the Special Component Plan will be used for the project.

Printer friendly page
Send this article to Friends by E-Mail

Kerala