Rs.3,000 crore Scheme Approved for India's Fisheries

5 January 2016, at 12:00am

INDIA - The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minster Narendra Modi, has approved a Rs.3,000 crore umbrella scheme for the integrated development and management of fisheries.

"The central sector scheme covers development and management of inland fisheries, aquaculture, marine fisheries including deep sea fishing, mariculture and all activities undertaken by the National Fisheries Development Board (NFDB)," said a cabinet communique.

The scheme has six broad components: National Fisheries Development Board (NFDB) and its activities; development of inland fisheries and aquaculture; development of marine fisheries, infrastructure and post harvest operations; strengthening of database and geographical information system of the fisheries sector; institutional arrangement for fisheries sector; and monitoring, control and surveillance (MCS) and other need-based interventions, TheStatesman reports.

The umbrella scheme also provides linkages and convergence with the shipping ministry's Sagarmala Project, the Mahatma Gandhi National Rural Employment Guarantee Scheme, the Rashtriya Krishi Vikas Yojana and the National Rural Livelihoods Mission.