Fisheries sector set a target of 1 lakh crore exports for the year 2024-25

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Fisheries sector set a target of 1 lakh crore exports for the year 2024-25

  • Recently, the center has set a target of exporting Rs 1 lakh crore from the fisheries sector by the year 2024-25.
  • On the occasion of World Fisheries Day (November 21), the government has set a target to increase the value of fish exports by Rs 1 lakh crore by 2024-25 and upgrade various fishing harbors to international standards.
  • According to the Economic Survey, year 2018-19, fisheries is one of the fastest growing sectors. It provides nutrition and food security in addition to providing income and employment to over 14.5 million people.

Issues facing the fisheries sector:

Tropical fish are high in fat, which people have little desire to consume. In addition, the country has several problems like poor infrastructure, inadequate access to quality fish seed and water pollution.

Government measures taken to promote fisheries –

  • In the year 2019, a separate department was created for fisheries. Pradhan Mantri Matsya Sampada Yojana (PMMSY) is being implemented to bridge critical gaps in fish production and productivity, quality, technology, post-production infrastructure and management etc. This scheme will be applicable from FY 2020-21 to FY 2024-25.
  • Its benefits will also be provided to fishermen by extending Kisan Credit Card (KCC). Fisheries and Aquaculture Infrastructure Development Fund (FIDE) has been set up.
  • Centrally sponsored scheme on development of inland fisheries and aquaculture has been launched. National Policy 2017 on Marine Fisheries has been formulated.

Source – PIB

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