Dáil
‹ Ceisteanna—Questions. Oral Answers. - Fishing Boat Loans. Interest costs while awaiting EEC grants
Summary
Molloy asked whether the Department would cover interest fishermen incur while waiting for EEC grants. The Minister said grants are obtained as soon as possible and pointed to the 8 per cent subsidised rate; Molloy argued that without changes, boats would not be bought.
Is the Minister aware that fishermen are experiencing difficulty in meeting the payment of interest on money which they must borrow as a result of the delay in the payment of the EEC grants and can he say whether the Department are prepared to carry that interest?
Comment on this
The position is that the EEC grant arrives at the earliest possible date on which the Department can succeed in getting it. The aid granted to fishermen is by way of an 8 per cent subsidised interest rate.