Amnesty Scheme for Planters, Breeders and Fishers

An Amnesty Scheme for Planters, Breeders and Fishers facing difficulties in repaying their long overdue loans at the Development Bank of Mauritius Ltd (DBM), has been approved by the government. It would apply to planters, breeders and fishers who have availed of loan facilities of up to Rs 200,000 and which are more than ten years old. The details of these loans are as follows – (a) for loans up to Rs 100,000, DBM would waive full amount of capital, interests and penalties; (b) for loans above Rs 100,000 and up to Rs 200,000, DBM would waive all interests and penalties; (c) for beneficiaries who have availed of loans in the range of Rs100,001 up to Rs200,000 and who have passed away, DBM would write off all their liabilities on a case to case basis; and (d) for loans granted to individual fishers in Rodrigues, through the Nassola and United Cooperative Credit Unions, DBM would write off the total liabilities. The Scheme would be effective as from 02 July 2021.