5 fishing harbours to be modernised
- Five major fishing harbours will see substantial investments for modernisation and development.
- To start with, five major fishing harbours — Kochi, Chennai, Visakhapatnam, Paradip and Petuaghat — will be developed as hubs of economic activity.
- There is also a plan to develop inland fishing harbours and fish-landing centres along the banks of rivers and waterways.
Emerging sector:
- Sitharaman also announced measures to promote seaweed cultivation.
- Seaweed farming is an emerging sector with potential to transform the lives of coastal communities. It will provide large scale employment and additional incomes.
- To promote seaweed cultivation, a Multipurpose Seaweed Park to be established in Tamil Nadu.
Budget:
- Overall, the Fisheries Department saw an increase in budget allocations from Rs. 825 crore in 2020-21 to Rs. 1,220 crore in 2021-22.
- The Blue Revolution centrally sponsored schemes saw their budget allocations double, with the new Pradhan Mantri Matsya Samada Yojana alone getting a Rs. 1,000 crore allocation.
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