23-Dec-2022: Fisheries and Infrastructure Development Fund provides concessional finance for development of various fisheries infrastructure facilities

The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, during the financial year 2018-19, has created Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs 7522.48 crore. FIDF inter-alia provides concessional finance for development of various fisheries infrastructure facilities which includes Establishment of Fishing Harbours, Fish Landing Centres, setting up of brood banks, development of hatcheries, development of aquaculture, establishment of cage culture in reservoir, development of modern fish markets, construction of ice plants, construction of 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 development of identified fisheries infrastructure facilities through the interest subvention up-to 3% per annum by the Nodal Loaning Entities (NLEs).

The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying has so far accorded approvals to a total of 110 proposals with a total outlay of Rs. 5285.45 crore for creation of various fisheries infrastructures. The infrastructures primarily aiming to create multifarious benefits to fishers and fish farmers such as providing of safe landing and berthing facilities for smooth operation of fishing vessels, supply of ice, providing fish processing and fish preservation facilities to reduce the post-harvest loss, supply of quality fish seeds, introduction of modern technologies like Recirculation Aquaculture System (RAS), Cage Culture and Bio-floc for intensive aquaculture etc.

13-Dec-2022: Status of Fisheries and Aquaculture Infrastructure Development Fund

The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, during the financial year 2018-19, has created Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs 7522.48 crore. The FIDF scheme provides concessional finance to the Eligible Entities (EEs), including State Governments/Union Territories and State entities for development of identified fisheries infrastructure facilities through the interest subvention up-to 3% per annum for providing the concessional finance by the Nodal Loaning Entities (NLEs) at the interest rate not lower than 5% per annum. The objectives of FIDF are; (i) Creation and modernization of capture & culture fisheries infrastructure, (ii) Creation of Marine Aquaculture Infrastructure, (iii) Creation and modernization of Inland Fisheries Infrastructure, (iv) Reduce post- harvest losses and improve domestic marketing facilities through infrastructure support, (v) To bridge the resource gap and facilitate completion of ongoing infrastructure projects.

3-Dec-2021: Fisheries and Aquaculture Infrastructure Development Fund

In the year 2018-19, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying has launched Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs 7522.48 crore with the aims to achieve a sustainable growth of 8-9 per cent, in a move to augment the country’s fish production to the level of about 20 million tonnes by 2022-23. The objectives of FIDF includes (i) Creation and modernization of capture & culture fisheries infrastructure, (ii) Creation of Marine Aquaculture Infrastructure, (iii) Creation and modernization of Inland Fisheries Infrastructure, (iv) Reduce post-harvest losses and improve domestic marketing facilities through infrastructure support, (v) To bridge the resource gap and facilitate completion of ongoing infrastructure projects.

The project proposals with a total outlay of Rs. 3783.46 crore have been approved under FIDF including 4 proposals of private entrepreneurs from Maharashtra at a total cost of Rs. 2.714 crore.

FIDF provides concessional finance support facility for development of various inland fisheries activities which includes setting up of brood banks, development of hatcheries, development of aquaculture, establishment of cage culture in reservoir, construction of ice plants, construction of cold storage, fish transport facilities, fish feed mills, fish processing units etc. Since, the scheme is demand driven, no state-wise physical targets have been set.

24-Oct-2018: Creation of Fisheries and Aquaculture Infrastructure Development Fund (FIDF)

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has given its approval for creation of special  Fisheries and Aquaculture Infrastructure Development Fund (FIDF).

The approval entails an estimated fund size of Rs.7,522 crore, comprising Rs.5,266.40 crore to be raised by the Nodal Loaning Entities (NLEs), Rs. 1,316.6 crore beneficiaries contribution and Rs.939.48 crore budgetary support from the Government of India. National Bank for Agriculture and Rural Development (NABARD), National Cooperatives Development Corporation (NCDC) and all scheduled Banks (hereinafter referred as Banks) shall be the nodal Loaning Entities.

Benefits:

• Creation of fisheries infrastructure facilities both in marine and Inland fisheries sectors.
• To augment fish 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 fish production to the level of about 20 MMT by 2022-23.
• Employment opportunities to over 9.40 lakh fishers/fishermen/fisherfolk and other entrepreneurs in fishing and allied activities.
• To attract private investment in creation and management of fisheries infrastructure facilities.
• Adoption of new technologies.

FIDF would provide concessional finance to State Governments / UTs and State entities, cooperatives, individuals and entrepreneurs etc., for taking up of the identified investment activities of fisheries development.  Under FIDF, loan lending will be over a period of five years from 2018-19 to 2022-23 and maximum repayment will be over a period of 12 years inclusive of moratorium of two years on repayment of principal.