The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, with effect from financial year 2018-19 has been implementing 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 to the Eligible Entities (EEs), including State Governments/Union Territories and State entities for development of identified fisheries infrastructure facilities. Under FIDF, the Department of Fisheries, Government of India provides 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 Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying since the inception of the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) in 2018-19, has accorded approvals to a total of 64 number of fisheries infrastructure development proposals of Governments of Tamil Nadu at a total outlay of Rs. 1574.73 crore with project cost restricted for interest subvention at Rs.1336.73 crore. The National Bank for Agriculture and Rural Development (NABARD) being the Nodal Loaning Entities (NLEs) for State Implemented projects, has sanctioned loan amount of Rs. 1314.73 crore to the Government of Tamil Nadu and out of this, an amount of Rs. 956.05 crore has been disbursed so far to the State Government for implementation of the approved projects under FIDF. The Government of Tamil Nadu reported completion of a total of 47 projects while 16 projects are in progress and one project has not yet commenced by the State Government. The Central Approval and Monitoring Committee (CAMC) of FIDF monitors regularly the progress of the projects approved under FIDF and National Fisheries Development Board (NFDB) as the Nodal Implementing Agency (NIA) of FIDF conducts the desk studies and need based field inspections of approved projects to ensure the timely completion of approved projects. Besides, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying also reviews the progress of approved projects to ensure the timely implementation.

This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Rajya Sabha on 2^nd April, 2025.

*****

AA

(Release ID: 2117740) Visitor Counter : 453