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Lives and Livelihood Fund (LLF)
In the news, last 90 days
Economy
RSW loan limit raised to MVR 4 million without collateral
The Ministry of Fisheries raised the financing limit for installing refrigerated seawater (RSW) systems on fishing vessels to MVR 4 million with no collateral required, announcing the change on the Sarukaaru website. The unsecured loan carries a 6 percent annual interest rate, a 10-year repayment period and a six-month grace period, and now also covers new or replacement engines.
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