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Fisheries and Aquaculture Infrastructure Development Fund (FIDF) was set up by the Department of Fisheries (DOF), Ministry of Fisheries, Animal Husbandry & Dairying, Government of India in the year 2018 -19 which envisages on creation of Fisheries infrastructure facility both in marine and inland fisheries sector and augment the fish production to achieve the target of 15 million tonnes by 2020 set under the Blue Revolution.
Category | Remarks |
Implementing Agency | National Fisheries Development Board (NFDB), Hyderabad |
Employment Opportunities | >9.40 lakh fishers/fishermen/fisher folks and other entrepreneurs in fishing and allied activities |
Target | Aims to achieve 8 – 9% sustainable growth in fish production achieve a target of 20 million tonnes by 2022 – 23 |
Nodal Loaning Agencies |
|
Lending Period | 5 years (Started from 2018 – 19 to 2022 – 23) |
Eligible Entities (EEs) |
|
Quantum of Loan | 80% of unit cost as loan amount on bankable projects |
Interest Subvention | Upto 3% per annum for all Eligible Entities (EEs) for development of identified fisheries-based on infrastructure facilities |
Lending Rate of Interest | Not less than 5% per annum for all Eligible Entities (EEs) for the development of identified fisheries-based infrastructure facilities |
Maximum Repayment Period | 12 years (Including Moratorium of 2 years) |
Estimated Fund Size (Rs. 7522.48 Crore) | Rs. 5266.40 crore by Nodal Loaning Entities (NLEs) |
Rs. 1346.6 crore through beneficiary’s contribution | |
Rs. 939.48 crore from Government of India |
Department of fisheries accorded approvals to 110 proposals in total of which a total outlay of Rs. 5285.45 crore is allocated for creation of various fisheries infrastructure.
Beneficiaries can directly apply online through FIDH portal for all types of entities, online processing and approval of FIDF applications.
The following steps will guide you on how to register in FIDF Scheme:
(NOTE: – NFDB will scrutinize the submitted applications and will recommend to Central Approval and Monitoring Committee (CAMC) for approval. CAMC will accord approval for grant of interest subvention and recommend such proposals for bank loans. Banks will sanction loan according to the Bank norms I.e., upto 3% interest subvention)
FIDF aims to provide concessional finance to the State Governments/Union Territories, State entities, cooperatives, individual entrepreneurs for the development of fisheries infrastructure facilities both in inland and marine fisheries sector. The infrastructure facilities will be funded under the FIDF which will broadly cover development of fishing harbours/fish landing centres, fish seed farms, fish feed mills, cage culture in reservoirs, mariculture activities, introduction of deep-sea fishing vessels, disease diagnostic setting up and aquatic quarantine facilities, creation of cold chain infrastructure facilities such as ice plants, cold storage, fish transport facilities, fish processing units, fish processing units, fish markets. The fund can benefit over 4 million marine and inland fishers especially women, SHGs, weaker sections, due to accessibility of modern infrastructure and added value of produce.
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