Fisheries and Aquaculture Infrastructure Development Fund FIDF provides concessional finance lo...........

Economic and Social Issues Rural Banking and financial institutions

Fisheries and Aquaculture Infrastructure Development Fund (FIDF) provides concessional finance/ loan to the Eligible Entities (EEs), including State Governments/UTs and State entities for development of identified fisheries infrastructure facilities. The concessional finance will be provided by which of the Nodal Loaning Entities (NLEs)?

NABARD

National Cooperatives Development Corporation (NCDC)

All scheduled Banks

All of the above

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Explanation:

FIDF provides concessional finance/ loan to the Eligible Entities (EEs), including State Governments/UTs and State entities for development of identified fisheries infrastructure facilities. Concessional finance will be provided by the Nodal Loaning Entities (NLEs) namely ;

NABARD,
National Cooperatives Development Corporation (NCDC) and
All scheduled Banks.

Benefits:

Creation of fisheries infrastructure facilities both in marine and Inland fisheries sectors.
To augment fish production to achieve its target of 15 million tonne by 2020 set under the Blue Revolution; and to achieve a sustainable growth of 8% -9% thereafter to reach the fish production to the level of about 20 MMT by 2022-23.
Employment opportunities to over 9.40 lakh fishers/fishermen/fisherfolk and other entrepreneurs in fishing and allied activities.
To attract private investment in creation and management of fisheries infrastructure facilities.
Adoption of new technologies.