City
Epaper

Centre okays Rs 4,969 crore package for fisheries sector

By IANS | Updated: November 30, 2024 12:00 IST

New Delhi, Nov 30 The Centre's Department of Fisheries has accorded approvals to proposals worth Rs 4969.62 crore ...

Open in App

New Delhi, Nov 30 The Centre's Department of Fisheries has accorded approvals to proposals worth Rs 4969.62 crore with a Central share of Rs 1823.58 crore during the last four financial years (FY2020-21 to FY2023-24) and the current fiscal year (FY25) to develop small fishing communities, traditional fishers and provide livelihood support to them.

Providing this information in a written reply to the Rajya Sabha, Minister of Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said that the approvals have been given under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) which has been in effect since the financial year 2020-21 with an investment of Rs 20,050 crore for holistic development of the fisheries sector and welfare of fishers.

He said that to promote climate-resilient aquaculture, the Department, under PMMSY supports climate-resilient mariculture activities like seaweed and bivalve cultivation, open sea cage culture, installation of artificial reefs, Sea ranching, promotes Integrated fish farming and others to minimise environmental impacts mainly on traditional and small scale fishers. Proposals worth Rs 115.78 crore have been approved for this purpose.

Further, the Department of Fisheries has sanctioned for acquisition of 480 deep-sea fishing vessels for traditional fishermen, an up-gradation of 1,338 existing fishing vessels for export competency at an outlay of Rs 769.64 crore for promoting the livelihood of traditional fishermen.

Under the PMMSY, financial assistance has also been provided for livelihood and nutritional support to 5.94 lakh fishers annually for the traditional and socio-economically backward active marine and inland fishermen families during the fishing ban period and insurance coverage to 131.13 lakh fishers, the Minister said.

India's annual fish production has nearly doubled since 2014 to 17.5 million tonnes, with inland fishing now surpassing marine fishing, contributing 13.2 million tonnes.

The country has now become the second-largest fish producer globally, with around 30 million people involved in fish production across the value chain. India accounts for as much as 8 per cent of the world's total fish production.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentPooja Hegde to Feature in a Special Song in Allu Arjun and Atlee’s Upcoming Film: Report

CricketAB De Villiers Slams Critics of Virat Kohli and Rohit Sharma, Says “Cockroaches Climbing Out of Their…”

LifestyleSkincare Tips: Say Goodbye to Pimples, Follow Easy Home Hacks for Clear, Glowing Skin

InternationalIsrael says Hamas returned body parts of hostage previously retrieved

InternationalRights body slams Yunus-led B’desh govt for targeting minorities

Business Realted Stories

BusinessAdani Green’s energy sales up 39 pc in April-Sep, revenue surges 26 pc at Rs 6,088 crore

BusinessWhy Enterprises Are Bypassing Global Cloud Giants In Favor of Indian Cloud Provider, CloudPe

BusinessTeen Innovator Launches Finfluent, an AI Platform Revolutionizing Financial Literacy Education

BusinessPVL 2025 Season 4 (Match 36): Mumbai Meteors march into the final with an emphatic triumph over Goa Guardians

BusinessFree power only after rooftop solar panel installation, says J&K govt