For artisanal fishermen aged 65 and above who surrender their licenses, the Lump Sum of Rs 100,000 increases to Rs 125,000. Similarly, for net fishermen surrendering their licenses, the sum also increases from Rs 100,000 to Rs 125,000, and for cooperatives, this increases from Rs 200,000 to Rs 250,000.

On the other hand, a one-time grant of Rs 50,000 is provided to registered fishermen for renewal of outboard motors.

These are the announcements made by the Minister of Finance, Renganaden Padayachy, this Friday, June 7.

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