Fiinovation welcomes Cabinet's nod

to Rs 3K Crore scheme booster for

Fisheries sector
Fiinovation, Fiinovation Delhi

 In a bid to revitalise & stimulate the growth of the fisheries

sector & allied industries, government has taken a bold

decision by approving an outlay of Rs 3,000 crore for the
inclusive development and management of fisheries sector.
Fiinovation contemplates that through this investment

government seeks to bring the 'blue revolution in the

country'.

 Fiinovation believes that the central scheme is said to

benefit the entire fisheries sector covering about 14.50

million fishermen.
It will be implemented in all the states and the union

territories focusing on increasing production and

productivity from aquaculture and fisheries resources, both
inland and marine. It seeks to boost private investment as
well.

 The Cabinet Committee on Economic Affairs (CCEA)

has given its nod for implementation of an umbrella scheme

for integrated development and management of fisheries at
an outlay of Rs 3,000 crore for a period of five years.
Fiinovation highligths that the scheme would cover

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) towards realising 'Blue
Revolution'.

 Fiinovation believes that the biggest take away from the

scheme is that it will prove beneficial for stakeholders such

as fish farmers, entrepreneurs, fish retailers, wholesalers,
fish processors, fish exporters and women groups.
Fiinovation suggests that industry leaders and private

sector must plan their CSR interventions in the sector with a

focus on holistic development of fishermen starting from
their livelihood, health, education to ensuring their safety
and security.

 Fiinovation believes that the private sector has the

potential to bring constructive change through CSR projects

in the quality of lifestyle of the fishermen provided that the
will is there along with consistent focus on empowerment of
fishing community especially the women groups.
It is important to understand that sustainable development

is the key to inclusive development of any sector.

 Fiinovation reviews the scheme that aims at a focused and

integrated approach for development and management of

fisheries and aquaculture sector to ensure a sustained
annual growth rate of 6-8 per cent as against an overall
annual growth rate of about 4 per cent in the 11th Five Year
Plan period.
Also, the scheme would stimulate growth of the subsidiary

and growth of other related economic activities, especially

in the coastal regions, leading to many direct and indirect
benefits to the entire fisheries sector.

 Fiinovation understands that the scheme has suitable linkages and

convergence with the 'Sagarmala Project' of Shipping Ministry,

MGNREGA, Rashtriya Krishi Vikas Yojana & National Rural Livelihoods
Mission etc.
Fish production in the country has jumped from 7.5 lakh tonnes in

1950-51 to 100.70 lakh tonnes during 2014-15, while the export

earnings from the sector registered at Rs 33,441 crore in 2014-15.
India today has attained the status of the second largest fish

producing and second largest aquaculture nation in the world.

Fiinovation believes that with this capital infusion by the

government, the sector is poised to register phenomenal growth in

the years to come.

THANK YOU
Fiinovation.co.in