Fisheries and Aquaculture Infrastructure Development Fund

Fisheries and Aquaculture Infrastructure Development Fund

About the Fisheries and Aquaculture Infrastructure Development Fund

In India, the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) is a scheme launched by the Ministry of Fisheries, Animal Husbandry and Dairying, Government of India to provide financial assistance for the development of infrastructure for the fisheries and aquaculture sector. The objective of the scheme is to create and modernize infrastructure facilities in the fisheries and aquaculture sector by providing financial assistance for the development of fish landing centers, fish markets, cold storage facilities, processing units, and other related infrastructure.

This scheme is implemented by the National Fisheries Development Board (NFDB) as the nodal agency, which provides financial assistance in the form of grant-in-aid and loans to the State Governments, Union Territory Administration, Cooperative Societies, Private Sector, and other eligible entities

Objectives of the Fund:

The main objectives of the fund are to:

  • Develop and upgrade the fisheries and aquaculture infrastructure in the country
  • Promote the mechanization of the fishing fleet and the construction of fishing harbors
  • Develop fish landing centers and auction halls
  • Enhance the processing and preservation facilities for fish and fish products
  • Support the promotion of Aquaculture development

Components of Fisheries and Aquaculture Infrastructure Development Fund:

  1. Grant-in-aid component: This component provides financial assistance to the State Governments, Union Territory Administration, Cooperative Societies, Private Sector, and other eligible entities for the development of basic infrastructure facilities such as the construction of fish landing centers, fish markets, cold storage facilities, etc.
  2. loan component: This component provides loans to the State Governments, Union Territory Administration, Cooperative Societies, Private Sector, and other eligible entities for the development of advanced infrastructure facilities such as fish processing units, value-addition facilities, etc.

Eligible beneficiaries of the fund include state government departments, cooperative societies, public limited companies, private limited companies, partnership firms, and individual entrepreneurs. The fund provides subsidies, loans at lower interest rates, and other financial assistance as per the Government of India schemes to eligible beneficiaries.

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