Finance Minister Nirmala Sitharaman Friday announced a new scheme to promote processing in fishery sector and allocated an estimated Rs 3,737 crore for the newly carved out Ministry of Fisheries, Animal Husbandry and Dairying.
Presenting the Union Budget 2019-20 in Parliament, Sitharaman said, "fishing and fishermen communities are closely aligned with farming and are crucial to rural India."
Hailing the budget proposal, Ajay Kakra of PwC India said, "bringing allied sector such as fisheries in focus can help the development of fishing communities and fisheries as an occupation."
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