The newly carved out Fisheries Ministry is working on an overarching policy that would cover all aspects of the fishery sector
The funds will be released from the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) that has a corpus of Rs 7,522 crore
However, not many cards could be distributed to fish farmers due to lack of awareness and delay in issuing RBI guidelines for implementation of this facility, sources said.
The govt aims to achieve a sustainable growth of 8-9%, so that fish production reaches the level of about 20 mn tonnes by 2022-23
It was also found out that the level of adoption of insurance in aquaculture is also very low