Fish Farmers May Soon Get Cheap Loans & Other Benefits as Government Plans to Bring National Fisheri


Date & Time: 2020-02-20 12:55:43

To empower farmers across the country, now the central government is making a special plan for the fish farmers. Soon National Fisheries Policy will be introduced so that the fishery industry in India can be reinforced. Government is considering offering loans and other concessions to fish farmers at cheaper interest rates under this Policy. According to information received from CNBC sources, the government is aiming to increase investment in fisheries by six times in the next 10 years. Proposal for credit guarantee and insurance cover to fish farmers According to the information received, the fisheries industry can also get the status of priority sector lending. There is a provision for providing cheap loans for aquaculture, mariculture, post-harvest, and marketing. Also, there is a proposal to provide credit guarantee and insurance cover to fishermen.