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Fisheries and Aquaculture Infrastructure Development Fund (FAIDF)
October 30 , 2018
2221 days
995
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- The Cabinet Committee on Economic Affairs (CCEA) has approved the creation of FAIDF to double farmers’ income by 2022.
- The main aim is to boost fish production to achieve the target of producing
- 15 million tonnes of fish production by 2020 and
- 20 million tonnes by 2022-23
from current production of 11.4 million tonnes.
- The aim to achieve this target was set under the Blue revolution.
- The nodal agencies for the fund will be National Bank for Agriculture and Rural Development (NABARD), National Cooperatives Development Corporation (NCDC) and scheduled banks.
- The fund is being raised by Nodal Loaning Entities (NLE).
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