Hyderabad: National Fisheries Development Board (NFDB) under Ministry of Fisheries, Animal Husbandry & Dairying, Government of India has on Thursday entered into an MoU with Punjab National Bank, the premier Bank in the country, to extend financial assistance through the Bank.
The Government created the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) in 2018-19 and is being implemented with a total fund size of Rs.7522.48 Crs comprising of Rs. 5266.40 crore to be raised by Nodal Lending Entities (NLE), like NABARD, NCDC & all scheduled banks. The eligible entities will be the State Governments / Union Territories, Corporations/Undertakings/Govt. Sponsored, Supported Organizations, Fisheries Cooperative Federations (including FISHCOPFED etc.), Cooperatives, Collective groups of fish farmers & fish produce groups etc. Panchayat Raj Institutions/Self Help Groups (SHGs)/ NGOs, SCs/STs/Marginal Farmers, Women & entrepreneurs, Self Help Groups, Private companies/entrepreneurs and Physically disabled.
FIDF will help in creation and modernization of Infrastructure of capture & culture fisheries Marine Aquaculture, Inland Fisheries, Reduce post-harvest losses and improve domestic marketing facilities and to bridge the resource gap and facilitate completion of ongoing infrastructure projects. So far 67 projects have been approved in the country. 14 from the individual/ private entrepreneurs under FIDF and 53 under Entrepreneur model of PMMSY scheme.
