Tamkeen extends support to more Fishermen
Manama, August 20, 2013
Tamkeen, Bahrain’s labour fund, has extended its support to an additional 1,000 Bahraini fishermen.
The Bahraini Fishermen Support Scheme is one of many support programmes Tamkeen offers as part of its efforts to boost the capabilities of private sector enterprises in Bahrain.
The scheme enables Bahraini fishermen to upgrade their machinery and equipment by subsidising 80 per cent of their cost, with a maximum grant of BD3,000 ($7,920) for boat owners and BD 5,000 for dhow owners, said a statement.
The additional 1,000 beneficiaries will bring the total number of fishermen expected to be served through the scheme to 2,100 fishermen, it said.
All Bahraini fishermen with a valid license from the Agriculture and Marine Resources Affairs can apply at Ebdaa Bank’s Budaiya branch to benefit from this scheme. The scheme also allows fishermen to benefit again from the programme after two years.
Mohammed Bucheery, Tamkeen acting VP for Private Sector Support, said: “The fisheries industry is a critical element when it comes to the food security of the kingdom, and is among the earliest professions in Bahrain.”
“Working with our stakeholders, Tamkeen created this scheme to enable Bahraini fishermen to adapt more modern and effective methods which will make their business more prosperous and sustainable and contribute to national economic growth,” he added.
Launched in 2009, the scheme has already been extended twice before due to high demand. 905 Bahraini fishermen have been served through the scheme as of December 2012, with Tamkeen’s total contribution totalling in excess of BD3.4 million. - TradeArabia News Service