MIFCO has released over five million rufiyaa to fishermen. This money is for the fish weighed by fishermen to MIFCO on March 9, 2025. MIFCO said that the money for fish weighed by boats to MIFCO centers on the ninth of this month was deposited between 10:30 AM and 12:30 PM today. MIFCO has. MIFCO has also said that other bank transfers will be cleared on the next day banking services open.
MIFCO stated that 45 boats weighed fish on the ninth. They also said that a total of 5,437,401 rufiyaa was released to those boats. While MIFCO has released 5 million rufiyaa to fishermen today, they have said that the remaining money is for fish weighed on the 10th of this month and that money will be deposited tomorrow. MIFCO has been paying for weighed fish within 48 hours, in line with President Dr. Mohamed Muizzu’s pledge. This government is working to advance the fishing industry and arrange for fishermen to get fuel at STO rates. As such, they have now started selling fuel at STO rates from the Hulhumale Kanneli Jetty, K. Hinmafushi, Lh. Felivaru, GA. Kooddoo, and S. Hulhudhoo, in addition to other locations.
Furthermore, to provide easier options for fishermen, fishing loan schemes have been introduced, and ways to obtain fishing equipment at affordable prices have been facilitated. It is also noted that the use of modern technology in the fishing sector is being encouraged, and additional measures are being taken for the safety of fishermen. All these steps are aimed at developing the Maldivian fishing industry sustainably and improving the standard of living of fishermen.
