Centre Allocates Rs 20,000 crore to the welfare of fishermen, Declares Ms Sitharaman - TNBCLive

On Friday, Finance Minister Nirmala Sitharaman allocated Rs 20,000 crore to the welfare of fishermen under Pradhan Mantri Matsya Sampada Yojana. Today while announcing the third phase of the centre’s stimulus package to control the economic impact of the coronavirus pandemic.

“Under the Prime Minister Matsya Sampada Yojana (announced in the Budget), Rs 20,000 crore fund has been allocated so that fishermen get financial support for increasing their produce and improve infrastructure. This will lead to an increase of 70 lakh tons in production in the next five years. It will also double the amount of exports,” she said.

Inland fisheries, aquaculture and for marine development Rs 11,000 crore will be used. Rs 9,000 will go into creating infrastructure like fishing harbours, cold chain and markets. The scheme will focus on fishing activities in islands, Himalayan states, north-east and aspirational districts, a press information bureau tweeted.

“Financing facility of Rs 1 lakh crore will be provided for funding agriculture infrastructure projects and aggregators like Farmers Producer Organisation, agricultural entrepreneurs, primary agriculture cooperative societies etc,” said the Finance Minister. 

Prime Minister Narendra Modi earlier this week declared a Rs 20  lakh crore package which is nearly 10% of India’s GDP to help various sections of the economy shattered by coronavirus lockdown. India’s Covid-19 death toll surged to 2,649 with the number of cases nearing the 82,000-mark. In the last 24 hours 3,967 new cases were recorded, and 100 deaths.

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