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First tripartite Memorandum of Agreement (MoA) signed under Fisheries and Aquaculture Development Fund (FIDF)

Newdelhi:23/12/19:The first tripartite Memorandum of Agreement was signed between the department of Fisheries Government of India, NARBARD and the Government of Tamil Nadu for the implementation of Fisheries and Aquaculture Development Fund (FIDF). Speaking on the occasion Shri Giriraj Singh, Union Minister for Fisheries, Animal Husbandry and Dairying said that a dedicated fund has been created namely the Fisheries and Aquaculture Infrastructure Development Fund with a total of Rs. 7522.48 crore to address the infrastructure requirement for fisheries sector.  He urged the coastal states to pay attention to deep sea fishing, post harvesting, cage culture and export promotion. FIDF provides concessional finance to the eligible entities, cooperatives, individuals and entrepreneurs for development of identified fisheries infrastructure. The National Bank for Agriculture and Rural Development (NARBARD), National Cooperatives Development Corporation (NCDC) and all scheduled banks are Nodal Loaning entities (NLEs) to provide concessional finance under the (FIDF).

The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying under the FIDF provides interest subvention up to 3% per annum for providing the concessional finance by the NLEs at the interest rate not lower than 5% per annum.

The Government of Tamil Nadu has signed the first Tripartite MoA for availing the initial concessional finance of Rs 420 crore from NARBARD for development of three fishing harbours in the State namely, (i) Tharangampadi in Nagapattinam Ditrict, (ii) Thiruvottriyur Kuppam in Tiruvallur District and (iii) Mudhunagar in Cuddalore District. These will create safe landing and berthing facilities for a large number of fishing vessels plying in the area, augment fish production in the regions, facilitate hygienic post–harvest handling of fish, stimulate growth of fisheries related economic activites and employment opportunities.

NABARD as one of the Nodal Loaning Entities (NLEs) provides concessional finance for development of fisheries infrastructure facilities through State Governments/State Entities under the FIDF, after execution of the Tripartite MoA. Proposals to the tune of Rs.1715.04 crore received from various State Governments and other Eligible Entities (EEs) have been recommended as date by the Central Approval and Monitoring Committee constituted in the Department for consideration under FIDF. The project proposals of Government of Tamil Nadu and Andhra Pradesh for development of fishing harbours in their respective States form the major part of these recommended projects.

Smt Rajni Sekhri Sibal, Secretary, Department of Fisheries, Government of India, Dr. Harsh Kumar Bhanwala, Chairman, NABARD, Dr. J Balaji, Joint Secretary (Fisheries), Shri Sagar Mehra, Joint Secretary (Fisheries), Principal Secretaries and Secretaries in charge of fisheries of various States and other senior officials in the Department of Fisheries were also present during the function.


About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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