Fisheries & Aquaculture Infrastructure Development Fund (FIDF)

Ministry: Ministry of Agriculture & Farmers Welfare

Objectives:

#Creation of fi sheries infrastructure facilities both in marine and inland fi sheries sectors.

#To augmentfi sh production to achieve its target of 15 million tonne by 2020 set under the Blue Revolution; and to achieve a sustainable growth of 8% -9% thereafter to reach the fi sh production to the level of about 20 MMT by 2022-23.

#To attract private investment in creation and management of fisheries infrastructure facilities.

#Adoption of new technologies.

Salient Features:

#FIDF would provide concessional fi nance to State Governments / UTs and State entities, cooperatives, individuals and entrepreneurs etc., for taking up of the identifi ed investment activities of fi sheries development.

#The National Bank for Agriculture and Rural Development (NABARD), National Cooperatives Development Corporation (NCDC) and all scheduled Banks will be the nodal loaning entities.

#The creation of the special fund will enable the creation of fi sheries infrastructure facilities both in marine and inland fi sheries sectors.

#It will also attract private investment in the creation and management of fi sheries infrastructure facilities.

#Further, it will encourage the adoption of new technologies in the fi sheries sector.

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