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Section 4: Powers of Trust

Fishermen Investment Trust Act

consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

4. Powers of Trust The Trust shall have such powers as are necessary to enable it to effectively discharge its functions and may— (a) acquire assets such as fishing vessels and fishing equipment; (b) grant loans to fishermen on such terms and conditions as it thinks fit; (c) provide grants or other financial assistance to the eligible children of fishermen for the pursuance of their tertiary studies; (d) organise training for its staff and for fishermen in collaboration with any institution in Mauritius or elsewhere; (e) impart to fishermen the necessary knowledge for the development of appropriate entrepreneurial skills to run a small fishing business; (f) create a hotline or desk service to attend to and give immediate assistance to the fishermen community; (g) advance and promote the welfare of fishermen and their families; (h) develop schemes and projects for the promotion of the welfare of fishermen; (i) improve the socio-economic condition of fishermen; and [Issue 1] F16 – 2 (j) exercise such other powers as may be necessary to achieve its objects.

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