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Fishery Sector In Budget 2021-22

  • 05 Feb 2021

  • Finance Minister has allocated an amount of Rs. 1220.84 crores for the Department of Fisheries, which is the highest ever annual budgetary support for the Department. This marks a 34% increase over the budget of FY 2020-21. Further, this includes an allocation of Rs. 1000 crores for the flagship scheme of the Department, Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme for FY 2021-21, enhanced by 43% from FY 2020-21.
  • Substantial investments will be done for the development of modern fishing harbours and fish landing centres. To start with, 5 major fishing harbours – Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat – will be developed as hubs of economic activity.
  • Further, inland fishing harbours and fish-landing centres will also be developed along the banks of rivers and waterways. Finance Minister has laid emphasis on the development of Inland Fisheries and for the first time in the history of the Fisheries sector, riverine harbours and fish landing centres will be constructed along the banks of rivers and waterways. The riverine fishing harbours and landing centres besides providing the aforementioned benefits will also provide the required thrust towards the organization of the inland fisheries sector which has hitherto been unorganized.
  • Technologically advanced deep-sea fishing vessels with modern supporting facilities will also be rolled out for optimally harnessing the potential of EEZ and High Seas, thereby doubling incomes of fishermen and other stakeholders.
  • This will also facilitate collectivization and registration of fishermen, fish workers and fish vendors associated with the fishing harbours and landing centres into Fish Farmer Producer Organisations (FFPOs).
  • Also, a Multipurpose Seaweed Park will be established in Tamil Nadu. India with a 2.2 million sq. km EEZ area and 0.53 sq km continental shelf has enormous scope for seaweed cultivation and development of indigenous seaweed-based industries comprising of value-added products, nutraceuticals, biofuels, bioplastics, etc. which can substantially contribute to the global markets.