asked the Minister for Fisheries and Forestry the rate of interest charged to fishermen on foot of loans under the marine finance scheme operated by Bord Iascaigh Mhara.
Written Answers . - BIM Loans Interest .
652.
: The rate of interest charged on An Bord Iascaigh Mhara loans under its marine credit plan is 11 per cent. Bank loans issued under the plan and guaranteed by the board bear a variable rate of interest, subvented to a minimum of 11 per cent and subject to a maximum subvention of 2½ per cent.
653.
asked the Minister for Fisheries and Forestry the subvention rate of interest allowed to fishermen under the marine finance scheme operated by Bord Iascaigh Mhara.
: The current rate of interest charged on An Bord Iascaigh Mhara loans represents a subvention of 4 per cent on the current 15 per cent Exchequer rate. A 2½ per cent subvention applies to bank loans guaranteed by the board under its marine credit plan.