Status of Fisheries and Aquaculture Infrastructure Development Fund

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The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, during the financial year 2018-19, has created Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs 7522.48 crore. The FIDF scheme provides concessional finance to the Eligible Entities (EEs), including State Governments/Union Territories and State entities for development of identified fisheries infrastructure facilities through the 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 objectives of FIDF are; (i) Creation and modernization of capture & culture fisheries infrastructure, (ii) Creation of Marine Aquaculture Infrastructure, (iii) Creation and modernization of Inland Fisheries Infrastructure, (iv) Reduce post- harvest losses and improve domestic marketing facilities through infrastructure support, (v) To bridge the resource gap and facilitate completion of ongoing infrastructure projects.

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