You are currently viewing Centre okays rs 4 , 969 crore package for fisheries sector: the union minister for fisheries, animal husbandry and dairying, parshottam rupala, announced the approval of a rs 4,969 crore package for the fisheries sector.
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Centre okays rs 4 , 969 crore package for fisheries sector: the union minister for fisheries, animal husbandry and dairying, parshottam rupala, announced the approval of a rs 4,969 crore package for the fisheries sector.

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.

Inland fishing has become a significant sector in India’s economy, with the sector employing over 1.5 million people and generating revenue of over ₹ 1,000 crore annually.

The Rise of Inland Fishing in India

Inland fishing has experienced a remarkable growth in recent years, transforming it into a vital sector in India’s economy. The sector has not only created employment opportunities but also contributed significantly to the country’s GDP.

Key Statistics

  • Inland fishing now accounts for 2 million tonnes of India’s total fish production, surpassing marine fishing. The sector employs over 5 million people. Inland fishing generates revenue of over ₹ 1,000 crore annually. ## The Government’s Initiative*

    • The Government’s Initiative

    The Department of Fisheries has taken a significant step towards promoting inland fishing by sanctioning the acquisition of 480 deep-sea fishing vessels for traditional fishermen. This initiative aims to enhance the productivity and efficiency of the sector, thereby increasing the overall fish production.

    Benefits of the Initiative

  • The acquisition of new vessels will enable traditional fishermen to access deeper waters, increasing their catch and productivity. The initiative will also help to reduce the dependence on traditional fishing methods, which are often labor-intensive and time-consuming. The new vessels will be equipped with modern technology, ensuring a more sustainable and efficient fishing practice. ## Challenges and Opportunities*

    • Challenges and Opportunities

    While the initiative is expected to have a positive impact on the sector, there are also challenges that need to be addressed. The acquisition of new vessels will require significant investment, and the sector will need to adapt to the changing fishing practices and technologies.

    Addressing Challenges

  • The government can provide training and support to traditional fishermen to help them adapt to the new technology and fishing practices.

    The Rise of India’s Fishing Industry

    India’s fishing industry has experienced a remarkable transformation over the years, catapulting the country to its rightful place as the world’s second-largest fish producer.

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