Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Govt to spend Rs 45,000 cr in next 5 yrs to promote fishery

PTI
Updated: January 15th, 2020, 21:40 IST
in Business
0
Gahirmatha marine sanctuary

Pic-OP

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi:  The government is drafting first national fisheries policy with a budget of Rs 45,000 crore for next five years to promote marine fishery, aquaculture and mariculture, official sources said.

The only existing policy is on marine fisheries from which the production stands at 4.3 million tonnes annually, but there is no policy on inland fisheries that produces the rest 23 million tonnes.

Also Read

Japan, Australia agree to deepen cooperation on energy, defence and critical minerals

Takaichi, Albanese boost cooperation on energy, defence, minerals

12 hours ago
Manufacturing and covid

India manufacturing PMI rises to 54.7, growth remains subdued

12 hours ago

The newly carved out Fisheries Ministry is working on an overarching policy that would cover all aspects of the fishery sector, the sources said.

“The fishery sector never had a policy. Now, a new policy is being made. It will focus on promoting marine, aquaculture and mariculture besides addressing the traceability issues. It will cover both catch and capture fishing,” an official source told PTI.

The draft policy will soon be placed before the Cabinet for approval. A budget of Rs 45,000 crore would be required for next five years for implementing the policy, the source added.

Basically, a policy is a statement of intent of the government. To execute a policy, certain legislation and regulations either in the form of Act or executive order are required. And schemes are framed to give monetary support. The schemes stay for only 5-10 years, but a policy lasts for longer period.

At present, two fishery schemes are being implemented. One is Fishery Infrastructure Development Fund, which is a five year scheme. The other one is fishery development scheme funded partially by the World Bank. It is for eight years.

The third scheme ‘Pradhan Mantri Matsya Sampada Yojana’ which was announced in July 2019 Budget is yet to get the cabinet approval. It aims to boost fish and aquatic products through appropriate policy, marketing and infrastructure support.

(PTI) 

Tags: AquacultureBudgetfisheries policyfisherymariculture
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019

Archives

Editorial

World Order Recalibrations

US troops
May 4, 2026

The Pentagon’s announcement on 2 May to significantly reduce American troop presence in Germany marks a pivotal moment in the...

Read moreDetails

Polarisation Politics

AAKAR PATEL - The AI Race
May 3, 2026

By Aakar Patel If you are normal, you have any number of parties you can support and vote for. There...

Read moreDetails

Gunman & Trump

trump
April 29, 2026

Americans must have heaved a sigh of relief that a man rushing with a gun and firing shots at the...

Read moreDetails

Tehran & Moscow

Vladimir Putin and Abbas Araghchi
April 28, 2026

Iran has made an intelligent move to send its Foreign Minister Abbas Araghchi to meet Russian President Vladimir Putin. The...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST