The Kerala Fishermen Debt Relief Commission Act 2008

Finance20086 sections

This Act establishes the Kerala Fishermen Debt Relief Commission to provide financial assistance to fishermen facing overwhelming debt. It applies to individuals whose primary livelihood is fishing and covers various types of liabilities, including loans from banks, money lenders, and co-operative societies. The law matters because it offers a structured mechanism to waive interest, write off principal amounts, or reschedule payments. By addressing the financial distress of this vulnerable coastal community, the legislation aims to prevent economic ruin and support the sustainable livelihood of fishermen in Kerala.

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0. Preamble
2. Definitions
4. Powers and functions of the Commission
7. Powers of the Commission
8. Fishermen Debt Relief Fund
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