The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying has set up Fisheries and Aquaculture Infrastructure Development Fund (FIDF) in the year 2018-19 with a total fund size of Rs 7522.48 crore. FIDF inter-alia provides concessional finance to various Eligible Entities (EEs), including State Governments/Union Territories and State entities for development of identified fisheries infrastructure facilities through Nodal Loaning Entities (NLEs). Under the FIDF, the Department of Fisheries provides interest subvention up to 3% per annum for providing the concessional finance by the NLEs at the interest rate not lower than 5% per annum.

The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying has so far accorded approvals to a total of 121 proposals of various End Implementing Agencies including State Governments/UTs at a total cost of Rs. 5588.63 crore with project cost restricted for interest subvention of Rs. 3738.19 crore for development of fisheries infrastructures. The overall fisheries production in the country reached at 162.48 lakh tonne in 2021-22 from 102.60 lakh tonne in 2014-15.

This information was given by Shri Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying in a written reply in Rajya Sabha today.

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SS/RKM