Workshop on FIDF and entrepreneurship model under PMMSY held in Guwahati

GUWAHATI: National Fisheries Development Board (NFDB), Ministry of Fisheries, Animal Husbandry and Dairying had organized a one-day workshop with bankers in eastern and north-eastern States on Fisheries and Aquaculture Infrastructure Development Fund (FIDF) and Entrepreneurship model under PMMSY today at Assam Administrative Staff College, Guwahati.

The workshop aims to focus on the bottlenecks being faced by entrepreneurs and private investors in accessing the bank finance, the procedure of bank loan sanction and repayments, the Interest Subvention granted, the participation of the cooperative sector and the role played by the State /UT governments etc.

The Government of India has launched the FIDF scheme to create fisheries infrastructures both in the marine and Inland fisheries sector with an aim to increase fish production in the country. The scheme was launched in 2018 to be implemented in five years FY2018-19 to FY2022-23.

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched in 2020 by the Prime Minister with a budget of over Rs 20,050 crore for a period of five years. PMMSY aims to achieve fish production of 22 MMT by 2024-25 and to create an additional employment opportunity for about 55 lakh people through this sector.

In the inaugural session, M.Arul Bosco Prakash, ED, NFDB, and Pradeep Mehrotra, Chief General Manager, NABARD, discussed about the sanctions accorded for government projects. Around 70 participants attended the workshop, which included the participation of higher officials from 15 scheduled banks and 7 Regional Rural Banks of eastern and north-eastern region, officials from 8 state fisheries department (Odisha, Meghalaya, Assam, Arunachal Pradesh, Manipur, Nagaland, Tripura and Mizoram), entrepreneurs and other stakeholders, stated a press release.

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