GS-3, Indian Economy, Uncategorized

Blue Revolution: 3000 crore scheme for fisheries sector

  • An umbrella scheme for integrated development and management of fisheries
  • Approved by Cabinet Committee on Economic Affairs (CCEA)
  • It is Central Sector Scheme on Blue Revolution
  • Will be implemented at an outlay of Rs. 3000 crore for a period of five years in all the states including North East States and Union Territories


Key facts:

  • The scheme will cover will cover multi-dimensional activities for development and management of inland fisheries, aquaculture and marine fisheries
  • All activities under ambit of it would be undertaken by the National Fisheries Development Board (NFDB) towards realizing Blue Revolution
  • The scheme aims at development and management of fisheries and aquaculture sector to ensure a sustained annual growth rate of 6-8%
  • It focuses mainly on increasing productivity and production from aquaculture and fisheries resources both inland and marine keeping in view the overall sustainability, bio-security and environmental concerns

Components of Scheme:

  1. National Fisheries Development Board (NFDB) and its activities
  2. Development of Inland Fisheries and Aquaculture
  3. Development of Marine Fisheries, Post-Harvest Operations and Infrastructure
  4. Strengthening of database and Geographical Information System (GIS) of the Sector
  5. Institutional Arrangement for Sector
  6. Monitoring, Control and Surveillance (MCS) and other need-based Interventions

Convergence:

  • It provides for suitable convergence and linkages with the Sagarmala Project of the Ministry of Shipping, Rashtriya Krishi Vikas Yojana (RKVY), MGNREGA, National Rural Livelihoods Mission (NRLM) etc.
  • It also encourages increasing entrepreneurship development, private investment, Public Private Partnership (PPP) and better leveraging of institutional finance for Fisheries Sector

rainbow-revolution

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