New Delhi, July 22: The Centre has released ₹2,208.74 crore to states as part of its continued efforts to accelerate growth in India’s fisheries sector and strengthen the livelihoods of millions associated with fishing and allied activities.
The financial assistance is aimed at supporting key initiatives in the fisheries ecosystem, including improving infrastructure, promoting sustainable practices, enhancing productivity, and expanding opportunities for fish farmers and coastal communities.
The funding support comes under the government’s broader strategy to modernise the fisheries sector through better facilities, advanced technology adoption, improved supply chains, and increased market access.
Officials said the initiative will help states strengthen fisheries-related infrastructure, including production facilities, cold chain systems, processing units, and other essential services required to boost the sector’s overall efficiency.
The fisheries sector plays a crucial role in India’s rural economy by generating employment, supporting food security, and contributing to export growth. The latest financial allocation is expected to provide greater support to fishermen, fish farmers, entrepreneurs, and other stakeholders.
The government has been focusing on increasing fish production, encouraging sustainable aquaculture, and creating a more resilient fisheries ecosystem through various development programmes.
The release of funds marks another step towards building a modern and globally competitive fisheries sector while ensuring inclusive growth and better economic opportunities for communities dependent on fisheries.