Promotion of Fishing Industry

The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying is implementing a flagship scheme “Pradhan Mantri Matsya Sampada Yojana (PMMSY)- A scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India” with highest ever investment of Rs. 20,050 crore for a period of five years with effect from the financial year 2020-21 to 2024-25 in all States/Union Territories(UTs). PMMSY is designed to address critical gaps in fish production and productivity, quality, technology, post-harvest infrastructure and management, modernisation and strengthening of value chain, traceability, establishing a robust fisheries management framework and fishers’ welfare.

The PMMSY inter-alia provides financial assistance for development of inland fisheries and aquaculture, development of marine fisheries including mariculture and seaweed cultivation, development of fisheries in North-eastern and Himalayan States/UTs, development of ornamental and recreational fisheries, technology infusion, post harvest and cold chain infrastructure, markets and marketing infrastructure, development of deep sea fishing, aquatic health management, strengthening of safety and security of fishermen etc. in all the States/UTs. The state-wise details of cumulative proposals approved and funds released during 2020-21 and current financial year (till date) under Pradhan Mantri Matsya Sampada Yojana is furnished at Annexure-I.

Besides, in order to address the infrastructure requirement for fisheries sector, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying during 2018-19 has created dedicated fund namely Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total funds size of Rs. 7522.48 crore. FIDF provides concessional finance to the Eligible Entities (EEs), including State Governments/Union Territories and State entities for development of identified fisheries infrastructure facilities through Nodal Loaning Entities (NLEs) namely (i) National Bank for Agriculture and Rural Development (NABARD), (ii) National Cooperatives Development Corporation (NCDC) and (iii) All scheduled Banks. Under the FIDF, the Department of Fisheries provides interest subvention up to 3% per annum on the loans availed by the eligible entities from the Nodal Loaning Entities (NLEs) for the identified fisheries projects.

This information was given by Minister for Fisheries, Animal Husbandry and Dairying Shri Parshottam Rupala in the Lok Sabha in a written reply today.

***

MV/MG

(Release ID: 1778960)
Visitor Counter : 161