DEC 13, 2022
IN PUBLIC INTEREST
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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.
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This information was given by Shri Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry & Dairying in a written reply in Lok Sabha today.
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