The word "pisciculture" refers to the farming of fish. The aquaculture industry in India depends heavily on it. The improvement of food security, the creation of jobs, and export revenue are all significantly boosted by pisciculture in India. Fish and seafood have become more and more in demand. The Indian government has thus put in place a number of initiatives and programs to assist and promote this crucial industry.
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Government Schemes to Promote Fish Farming in India.pdf
1. Government Schemes to Promote Fish Farming in India
The word "pisciculture" refers to the farming of fish. The aquaculture industry in India depends
heavily on it. The improvement of food security, the creation of jobs, and export revenue are all
significantly boosted by pisciculture in India. Fish and seafood have become more and more in
demand. The Indian government has thus put in place a number of initiatives and programs to assist
and promote this crucial industry.
Some of the top schemes run by the government are:
1. Pradhan Mantri Matsya Sampada Yojana (PMMSY):
• Launched in 2020, PMMSY serves as a flagship initiative of the Government of India, focusing
on the sustainable advancement of the fisheries sector.
• It involves a substantial investment of INR 20,050 crores and aims to double fish exports
while achieving a fish production target of 22 MMT by 2024-25.
• PMMSY places a strong emphasis on infrastructure development, modernization, and the
integration of cutting-edge technologies.
• This scheme also incorporates measures to foster a market-oriented approach, enhance
value addition, and encourage entrepreneurship within the fisheries sector.
2. Fisheries and Aquaculture Infrastructure Development Fund (FIDF):
• Introduced in 2018, FIDF plays a pivotal role in addressing the infrastructure and
modernization requirements of both inland and marine fisheries sectors.
• It aims to increase fish production by 8-9%, with the goal of reaching 15 MMT by 2020.
• FIDF contributes significantly to creating employment opportunities for fishermen and
entrepreneurs involved in various fishing-related activities.
• Loans under this scheme span from 2018 to 2023, with a maximum repayment period of 12
years.
• FIDF offers concessional finance to cooperatives, entrepreneurs, individuals, state entities,
and state governments/UTs, among others.
2. 3. Blue Revolution Scheme:
• This initiative seeks to double fishermen's income through improved productivity and
enhanced post-harvest marketing infrastructure.
• It is aimed at bolstering the nation's food and nutritional security and involves active
participation from fish farmers and fishers.
• The scheme sets out to harness India's full fishery potential, encompassing both inland and
marine sectors, with the ambitious goal of tripling production by 2020.
• The modernization of the fisheries sector is a key component, incorporating state-of-the-art
technologies and innovative processes.
4. Fisheries Kisan Credit Card Scheme:
• An extension of the popular Kisan Credit Card Scheme to the fishing and animal husbandry
sectors in 2018-19.
• The primary objective is to assist fishermen in meeting their working capital requirements.
• Existing KCC holders can access a credit limit of up to INR 3 lakhs, inclusive of fisheries
activities, while new KCC holders are eligible for a credit limit of INR 2 lakhs.
• Revised guidelines related to this scheme were issued by the Reserve Bank of India (RBI) on
February 4, 2019.
These government schemes underscore India's unwavering commitment to promoting fish farming
as a vital component of agricultural and economic growth. These initiatives not only aim to boost
fish production but also prioritize sustainable practices, infrastructure development, and capacity
building. For further information on these government schemes, you can visit the TractorKarvan
website, which provides comprehensive details about them.