INDIA: fishermen in the State of Karnataka get increased subsidy for... housing!

According to the Daijiworld Media Network the Indian State of Karnataka has increased the housing subsidy fro fishermen from Rs 40,000 to Rs 60,000 (from USD 753 to USD 1130).

The article mentions that the State government "has set apart the sum of Rs. 11.41 crore for construction of 2,000 houses for fishermen in 2011-12." (Rs 11.41 crore is approximately USD 2.15 million).

The article also says that "...the Cabinet also decided to release Rs 2 crore to cooperatives of fishermen for granting loans at 3 per cent rate of interest." (Rs 2 crore amounts to + USD 377,000)

Here is the link to the article:

http://www.daijiworld.com/news/news_disp.asp?n_id=122320