According to the Ministry of Fisheries, Animal Husbandry & Dairying, India’s fisheries sector is evolving from a primary production activity into a technology-driven, value-oriented economy. Enterprises are adopting artificial intelligence, IoT, blockchain, and smart cold-chain systems to improve productivity and traceability. Value addition through processed, ready-to-cook, and packaged formats helps reduce post-harvest losses, extend shelf life, and open new livelihood avenues for fishers, women’s groups, and small enterprises.
The Government of India has committed ₹39,272 crore since 2015 through schemes such as the Blue Revolution Scheme, FIDF, PMMSY, PM-MKSSY, and Kisan Credit Card. Additionally, 46,500 facilities including transportation systems and retail markets were added with an investment of ₹3,393.85 crore. The department has also supported the formation of 2,195 Fisheries Farmer Producer Organizations and integrated several with the Open Network for Digital Commerce.
Women’s participation has been prioritized under PMMSY, with projects worth over ₹4,155 crore approved over the last five years for the benefit of more than 1.28 lakh women. These initiatives support activities like fish drying, micro-processing, and mobile vending units across coastal, inland, and northeastern states.
What it means
- The government has committed ₹39,272 crore through key schemes like PMMSY, FIDF, and the Blue Revolution Scheme to expand infrastructure and create livelihood opportunities for 74.66 lakh fishers and fish farmers.
- Over the last five years, projects worth more than ₹4,155 crore with a central share of ₹1,572 crore have been approved under PMMSY to benefit over 1.28 lakh women.
Source
Press Information Bureau, Government of India, “Fisheries Sector Looks Beyond Production: Fish Value Addition Enterprises and Mobile Marketing Set to Transform High-Value India’s Blue Economy”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
Official RBI, SEBI, Government and Defence updates as they happen.
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