Meghalaya mulls converting 5000 water area into fish ponds

Image
Press Trust of India Shillong
Last Updated : Oct 16 2015 | 9:32 PM IST
Meghalaya Chief Minister Mukul Sangma today said his government is looking at converting a minimum of 5000 water area into fish ponds to meet the local consumption in the state.
The state which consumes approximately 25,000 tonne of fish, imported 2000 km away from Andhra Pradesh and other fish producing state, aims to cut import to about 5000 tonne by producing over 20,000 tonne by the end of 2018, Sangma said.
Urging the partners of Aquaculture mission to increase their water areas for fish farming and expand the programme, the Chief Minister said, "Even to meet local consumption of fish, a minimum of 5000 water area has to be brought under fish ponds."
Addressing the 3rd state Aqua-Fest today, he said the programme under the state's aqua culture mission is also credit-linked through the Meghalaya Cooperative Apex Bank (MCAB) and re-financed from the National Scheduled Tribe Finance Development Corporation at a very low interest rate of 6 per cent only.
According to the chief minister, the government has to provide Rs 400 crore plus to meet the target.
Earlier, Fisheries department director I R Sangma said Rs 88 crore which includes bank loan and subsidy has been invested so far and more than 11000 ponds have been created and 8400 have been recommended and are at various stages of implementation.
Another Rs 2 5 crore have been invested for seed production and for creating fish feed mills, she said.
Progressive and successful Aquaculture entrepreneurs from all the 11 districts were also given the state award carrying a cash prize of Rs 10,000 and a memento each.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Oct 16 2015 | 9:32 PM IST

Next Story