Dec 24: Department of Fisheries created FIDF with a total fund size of Rs 7522.48 crore to provide concessional finance for the development of various fisheries infrastructure facilities.
So far, the Department of Fisheries has accorded approval to a total of 110 proposals with a total outlay of Rs. 5285.45 crores for the creation of various fisheries infrastructure.
The Department of Fisheries, Ministry of Fisheries, Animal Husbandry, and Dairying, during the financial year 2018–19, created the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs 7522.48 crore. FIDF inter-alia provides concessional finance for the development of various fisheries infrastructure facilities, which include the establishment of Fishing Harbours, Fish Landing Centres, setting up of brood banks, the development of hatcheries, the development of aquaculture, the establishment of cage culture in reservoirs, development of modern fish markets, the construction of ice plants and cold storage, fish transport facilities, fish feed mills, fish processing units, etc. The FIDF scheme provides concessional finance to the Eligible Entities (EEs), including State Governments/Union Territories and state entities, for the development of identified fisheries infrastructure facilities through the interest subvention of up to 3% per annum by the Nodal Loaning Entities (NLEs).
The Department of Fisheries and the Ministries of Fisheries, Animal Husbandry, and Dairy have so far accorded approval to a total of 110 proposals with a total outlay of Rs. 5285.45 crores for the creation of various fisheries infrastructure. The infrastructures are primarily aimed at creating multifarious benefits for fishers and fish farmers, such as the provision of safe landing and berthing facilities for the smooth operation of fishing vessels, the supply of ice, the provision of fish processing and fish preservation facilities to reduce the post-harvest loss, the supply of quality fish seeds, the introduction of modern technologies like the Recirculation Aquaculture System (RAS), Cage Culture and Bio-floc for intensive aquaculture, etc.Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.