The Indian government has allocated a record amount of ₹2,584.50 crore for the Department of Fisheries in FY24-25.
This budgetary allocation is 15% higher than the previous year, making it the highest-ever annual allocation for the department. The investment in the fisheries sector has been steadily increasing over the years, with a total of ₹6,378 crore released from 2014-15 to 2023-24 for various developmental activities.
The fisheries sector plays an important role in the Indian economy, contributing to national income, exports, food security, and employment generation. With a record fish production of ₹175.45 lakh tonnes in FY22-23, India is the third-largest fish-producing country in the world.
The sector accounts for 8% of global production and contributes around 1.09% to the country’s Gross Value Added (GVA) and over 6.724% to the agricultural GVA. It also sustains the livelihoods of approximately 30 million people, especially marginalized and vulnerable communities.
According to the Ministry of Fisheries, Animal Husbandry & Dairying, inland fisheries and aquaculture have witnessed a significant increase in fish production. In 1950-51, annual fish production stood at a mere 2.18 lakh tonnes. The national fish production for 2022-23 is expected to reach or exceed ₹174 lakh tonnes, a remarkable 81% increase compared to 2013-14. The fisheries sector provides livelihoods, employment, and entrepreneurship to over 2.8 crore fishers and fish farmers at the primary level and several lakhs along the value chain.
هذه القصة مأخوذة من طبعة February, 2024 من Beyond Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February, 2024 من Beyond Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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