|
Details |
| Total Investment |
Rs. 6,000 crores |
| Duration |
4 years (FY 2023-24 to FY 2026-27) |
| Funding Model |
50% public finance (Rs. 3,000 crore, including World Bank and AFD financing) + 50% from beneficiaries/private sector (Rs. 3,000 crore) |
| Implementation Scope |
All States and Union Territories in India |
| Target Beneficiaries |
- Fishers, aquaculture farmers, fish workers, vendors
- Micro and small enterprises, SHGs, FFPOs, startups in fisheries and aquaculture
|
| Employment Generation |
- 1.7 lakh new jobs
- Special emphasis on employing 75,000 women
|
| Major Components |
- Formalization of fisheries sector
- Adoption of aquaculture insurance
- Support for microenterprises
- Adoption and expansion of safety and quality assurance systems
|
| Digital Platform |
National Fisheries Digital Platform for 40 lakh small and micro-enterprises |
| Insurance Incentive |
One-time incentive for purchasing aquaculture insurance, covering at least 1 lakh hectare of aquaculture farms |
| Performance Grants |
- Microenterprise grants up to 25% of total investment or Rs.35 lakhs (whichever is lower) for general category
- Up to 35% or Rs.45 lakhs for SC, ST, and women-owned enterprises
- Village Level Organizations and Federations grants up to 35% of total investment or Rs.200 lakhs
|
| Project Management |
Establishment of Project Management Units (PMUs) |
| Background Achievements |
- Fish production increased by 79.66 lakh tonnes
- Shrimp production from 3.22 lakh tonnes to 11.84 lakh tonnes
- Shrimp exports from Rs.19,368 crore to Rs.43,135 crore
- Employment and livelihood opportunities for about 63 lakh fishers and fish farmers
|
| Challenges Addressed |
- Formalization of the informal sector
- Crop risk mitigation
- Access to institutional credit
- Safety & quality of fish sold by micro & small enterprises
|