Objectives of FIDF

Objectives of FIDF

            The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, with effect from financial year 2018-19 is implementing Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs 7522.48 crore with the objective of creating and strengthening fisheries and aquaculture infrastructure in the country.  FIDF inter-alia provides concessional finance for development of various fisheries infrastructure facilities to the Eligible Entities (EEs), including State Governments/Union Territories, State entities and other Stakeholders for development of identified fisheries infrastructure facilities.  Under FIDF, the Department of Fisheries, GoI provides interest subvention up to 3% per annum for providing the concessional finance by the Nodal Loaning Entities (NLEs) at the interest rate not lower than 5% per annum. Under FIDF scheme, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying has so far approved a total 228 proposals/projects at a total cost of Rs. 5559.54 crore with restricting the project cost for interest subvention at Rs. 4351.86 crore for various States/ UTs. This includes, a project for Establishment of State-of-Art Technology Diffusion Centre at Bhopal at a project cost of Rs. 5.00 crore and other 4 projects of private entrepreneurs at a total cost of Rs. 1.90 crore have approved for the State of Madhya Pradesh under FIDF. The Fisheries infrastructures created under FIDF are facilitating to reduce post-harvest losses, augment the fish production and productivity, improve value addition, marketing efficiency and strengthen the fisheries value chain.  The Government of Madhya Pradesh has taken up several initiatives for promotion of FIDF and also flagship scheme on Pradhan Mantri Matsya Sampada Yojana (PMMSY) amongst various stakeholders including fishers and fish farmers in the State .  The Government of Madhya Pradesh has further reported that development of 26.43 ha new ponds area with inputs, 3 fin-fish hatcheries, 4 Feed mills and 2 Ice-plants/ cold storages have been taken up under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in the Ratlam Lok Sabha Constituency.

This information was given by Fisheries, Animal Husbandry and Dairying Minister Shri Rajiv Ranjan Singh alias Lalan Singh in the Lok Sabha in response to a question asked.