Department for fisheries Current Affairs - 2020

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First Tripartite Agreement on Fisheries and Aquaculture Development Fund

On December 23, 2019, the department of fisheries (GoI), NABARD and Tamil Nadu Government signed an agreement to implement Fisheries and Aquaculture Development Fund (FIDF). The tripartite agreement set a total of Rs 7522 crores to address the infrastructure requirement of fisheries sector.


The fund includes setting up of berth facilities for safe landing for number of fishing vessels. It will also be used to increase fish production, stimulate fisheries related economic activities, and to boost economic activities in the region. The projects are to be implemented in the southern coasts of Tamil Nadu. The funding will also be used to augment deep sea fishing, cage culture and promote exports in the future.

Role of NABARD

NABARD provides concessional financing to fisheries infrastructure facilities through state governments under FIDF. It is the Nodal Loaning Entity of the fisheries department. It also supports fisheries under Rural Infrastructure Development Fund (RIDF)

Fisheries in Tamil Nadu

Tamil Nadu is the home of 10 lakh fisher families. The state is ideal for brackish water fisheries, marine fisheries and inland fisheries. Tamil Nadu ranks fourth in total fish production in the country.

India ranks second in the world fish production. The fisheries sector in the country contributes to 1% of GDP of the country.

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Interim Budget 2019: What’s there for Agriculture

The Union Minister of Finance Piyush Goyal presented the interim budget. The various provisions in the budget related to the Agricultural sector are listed below:

  • The budget announced a farm support scheme for farmers owning up to 2 hectares of lands.
  • These farmers will get Rs 6,000 per year in three equal instalments effective from December 1, 2018.
  • The Finance Minister has set aside Rs 75,000 crore for the scheme.
  • The farm support scheme is expected to benefit 12 crore small and marginal farmers.
  • The allocation for the Rashtriya Gokul Mission has been increased to Rs 750 crore for increasing the production and productivity of cows.
  • 2% interest subvention for farmers pursuing animal husbandry and fisheries through Kisaan credit cards.
  • A separate Department for fisheries would be created.
  • Farmers adversely affected by natural calamities would get 2% interest subvention and additional 3% interest subvention upon timely repayment.
  • Budget announced setting up of Rashtriya Kamdhenu Aayog to upscale sustainable genetic upgradation of cow resources and to enhance production and productivity of cows.
  • The Rashtriya Kamdhenu Aayog would also be responsible for effective implementation of laws and welfare schemes for cows.

The budget has made some big announcements but the critics argue that the long-term plans are mere slogans with no clear road map.

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