TNPSC Thervupettagam

World Review of Capture Fisheries and Aquaculture Insurance 2022

May 1 , 2022 883 days 525 0
  • The Food and Agriculture Organization (FAO) has released the ‘World Review of Capture Fisheries and Aquaculture Insurance 2022’.
  • It presents the findings of four national reports viz. China, India, Russia, and the United States conducted in 2020.
  • There is low penetration of insurance products in the Indian fisheries and aquaculture sector.
  • Therefore, it recommended a collaboration of public and private insurance services to recover this sector.
  • The National report of India was authored by the senior scientist Shinoj Parappurathu.
  • Fishing vessels, coastal immovable property, and aquaculture units have abysmal insurance coverage.

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