SEAFOOD EXPORTS DOUBLE SINCE 2013-14

PM MATSYA SAMPADA YOJANA BEING STEPPED UP TO ENHANCE AQUACULTURE PRODUCTIVITY, DOUBLE EXPORTS TO ₹ 1 LAKH CRORE AND GENERATE 55 LAKH EMPLOYMENT OPPORTUNITIES

NEW CLIMATE RESILIENT SCHEME FOR BLUE ECONOMY 2.0 TO BE LAUNCHED

COMPREHENSIVE PROGRAMME FOR SUPPORTING DAIRY FARMERS TO BE FORMULATED

In a bid to boost Fisheries sector, Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman has said that five integrated aquaparks will be setup. While presenting the Interim Budget 2024-25 in Parliament today, the Minister said, “It was our Government which set up a separate Department for Fisheries realizing the importance of assisting fishermen. This has resulted in doubling of both inland and aquaculture production.” The Minister highlighted that Seafood export since 2013-14 has also doubled. 

The Minister announced that the implementation of Pradhan Mantri Matsya Sampada Yojana (PMMSY) will be stepped up to: (i) enhance aquaculture productivity from existing 3 to
5 tons per hectare; (ii) double exports to ₹ 1 lakh crore; (iii) generate 55 lakh employment opportunities in the near future.

Blue Economy 2.0

The Minister announced that for promoting climate resilient activities for blue economy 2.0, a scheme for restoration and adaptation measures, and coastal aquaculture and mariculture with integrated and multi-sectoral approach will be launched.

Dairy Development

The Minister also announced that a comprehensive programme for supporting dairy farmers will be formulated. She stated that efforts are already on to control foot and mouth disease. Smt. Sitharaman said, “India is the world’s largest milk producer but with low productivity of milch-animals.” The programme will be built on the success of existing schemes such as Rashtriya Gokul Mission, National Livestock Mission, and Infrastructure Development Funds for dairy processing and animal husbandry, she added.

Aquaculture expansion under PM Matsya Sampada Yojana to boost productivity and double seafood exports nationwide. Five integrated aquaparks will be established and implementation of Pradhan Mantri Matsya Sampada Yojana will be stepped up to raise aquaculture productivity, expand seafood exports and generate significant employment. A new Blue Economy 2.0 climate resilience scheme will support restoration, adaptation and integrated coastal aquaculture and mariculture. A comprehensive dairy support programme will be formulated, leveraging existing livestock schemes and infrastructure funds alongside measures to control foot and mouth disease.