The fishing industry had had to respond to yearly devastating hurricanes, increased operation and equipment costs, as well as decline in stocks.  The Jamaican government has established a Fisheries Revolving Loan Scheme to aid in recovery efforts to the sector.

Who Can Access the Loans?
The Scheme will be made available exclusively to bona fide licensed fishers and will provide access to funds for replacement of boats, engines fishing gear and other support activities.  The Scheme will be administered through relevant institutional collaboration and governed by such regulations as specified by a Loans Committee which will be established. 

Executing Team
The Fisheries Division will provide oversight to this administration of the J$50 million fund. The Development Bank of Jamaica (DBJ) is currently the administrator of this loan scheme.

Drawback
It has been found that lack of collateral (securities) is the overall problem for the fishers seeking this loan.