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- Status of fisheries sector
- India is the third largest fish producer in the world.
- In aquaculture fishing, ranks second after China.
- Contribution of freshwater and marine fisheries is about 75%: 25%.
- Recognized as the Sunrise Sector.
- Sunrise sector includes sector which is growing fast and is expected to become important in the future.
- India is the third largest fish producer in the world.
- Opportunities: Nutritional and food Security (omega-3 fatty acids, etc.), economic benefits (Exports, etc.), etc.
- Challenges
- Poor Value Chain: Post-Harvest Losses (PHL) is reported to be 20-25%.
- Untapped potential: Large dams known as sleeping giants are not much utilised.
- Commercial breeding of species having medicinal properties and nutritional (e.g. Magur, Singhi, Pabda) is low.
- Other: Overfishing, harmful fishing practices (Bull Trawling, and LED Light fishing), etc.
- Key Recommendations
- Betterment in Infrastructure: Encourage participation of private players from all the States/UTs in the Fisheries and Aquaculture Infrastructure Development Fund Scheme.
- Strengthening the infrastructure of Fishing Harbors and Fish Landing Centres.
- Promote Cage Culture in big reservoirs to utilise full potential
- Separate Research Council for Fishery Sector.
- Explore the possibility of providing Interest Free Loans to Farmers under Kisan Credit Card (KCC) initiative.
- Betterment in Infrastructure: Encourage participation of private players from all the States/UTs in the Fisheries and Aquaculture Infrastructure Development Fund Scheme.
Steps Taken for Fisheries sector
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