The Union Cabinet has given its approval for implementation of this scheme.
It is a scheme to bring about Blue Revolution.
It will be implemented during a period of 5 years from FY 2020-21 to FY 2024-25.
The Ministry of Fisheries, Animal Husbandry and Dairying is the implementation agency.
It will be implemented through two components namely, Central Sector Scheme (CS) and Centrally Sponsored Scheme (CSS).
Central Sector Scheme (CS) - The entire project cost will be borne by the Central government (i.e. 100% central funding).
The Centrally Sponsored Scheme (CSS) Component is divided into non-beneficiary oriented and Beneficiary orientated sub components/activities.
Under this, the entire project cost will be shared between Centre and State as detailed below for the non-beneficiary orientated sub-components/activities.
North Eastern & Himalayan States - 90% Central share and 10% State share.
Other States - 60% Central share and 40% State share.
Union Territories (with legislature and without legislature) - 100% Central share.