Andhra Pradesh government will be launching a number of measures for the welfare of fisherman as part of its World Fisheries Day celebration events on November 21.
On this day, Chief Minister Jagan Mohan Reddy will launch a series of welfare schemes for fishermen and aqua farmers at Mummidivaram in East Godavari district.
Andhra Pradesh Fisheries Minister Mopidevi Venkata Ramana explained the details to ANI.
"The YSRCP government has increased compensation to fishermen, for the mandatory ban period of 45 days, from Rs 4,000 to Rs 10,000", Ramana said.
"Further, the diesel subsidy for mechanised or unmechanised boats is increased from Rs 6 to Rs 9 per litre. In case fishermen die, bereaved families will be given compensation of Rs 10 Lakh within 2 months," he added.
Ramana further informed that for aqua farmers, power tariff will be reduced from Rs 3 to Rs 1.50 per unit. Cold storage units will be set up in zones where sea produce yield is high.
He said that aqua labs will be set up in 45 areas and packing facilities with international standards will be provided.
The state government has sent proposals for four major jetties at Rs 700 crore and the centre has in principle accepted it. South Korean companies are interested to invest in Andhra Pradesh. From them, almost Rs 2000 crore investments would come, said the Minister.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
