The Government, on 15.02.2023, has approved the Plan for strengthening cooperative movement in the country and deepening its reach up to the grassroots by establishing new multipurpose PACS or primary dairy/ fishery cooperative societies in uncovered  Panchayat/ village of the country in the next five years, through convergence of various GOI schemes, including the following schemes of the Department of Fisheries, Government of India:

  1. Pradhan Mantri Matsya Sampada Yojana aims to address critical gaps in fish production, productivity, quality, technology, post harvest infrastructure and management, modernization and strengthening of the value chain. Under the scheme, beneficiaries are eligible for financial assistance of up to 40 % to 60% of the total project cost/unit cost. 
  1. Fisheries & Aquaculture Infrastructure Fund (FIDF)- FIDF aims to create infrastructural facilities, both in the marine and inland fisheries sector.
  2.  The scheme entails construction of ice plants, development of cold storages, fish transport and cold chain network infrastructure, setting up of brood banks, development of hatcheries, fish processing units, fish feed mills/plants and development of modern fish markets. 
  3. The projects under FIDF are eligible for an interest subvention of 3% per annum for development of above-mentioned infrastructural facilities.

The National Fisheries Development Board (NFDB) was established in 2006 as an autonomous organization under the administrative control of the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India to enhance fish production and productivity in the country and to coordinate fishery development in an integrated and holistic manner.

  • NFDB is the nodal implementing agency for FIDF Scheme. NFDB receives proposals from eligible entities, undertakes scrutiny of proposals and places it before the Central Approval & Monitoring Committee (CAMC) for approval.

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