Key Points

The Fisheries Ministry will inaugurate Rs 255 crore projects in Mumbai to boost marine resources and livelihoods. New initiatives include Aqua Insurance and sustainable fishing tech like Turtle Excluder Devices. Coastal states contributing 72% of India’s fish output will benefit from upgraded infrastructure. The event will also recognize top cooperatives and startups driving sector innovation.

Key Points: Fisheries Minister to Launch Rs 255 Crore Projects in Mumbai April 28

  • Rs 255 crore projects for 7 coastal states under PMMSY
  • First-ever Aqua Insurance for fishermen
  • TED project & marine census to aid sustainability
  • Mumbai event to showcase tech & award cooperatives
3 min read

Fisheries Ministry to unveil projects worth Rs 255 crore in Mumbai on April 28

Union Minister Rajiv Ranjan Singh unveils key fisheries initiatives under PMMSY, boosting coastal states with new tech and insurance schemes.

"This landmark initiative ensures targeted insurance coverage, digital accessibility, and focused support for marginalised communities in the fisheries sector – Ministry of Fisheries"

New Delhi, April 26

The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying will unveil Rs 255 Crores worth of fisheries projects on April 28 in Mumbai, the ministry said in a release on Saturday.

Union Minister Rajiv Ranjan Singh will inaugurate and lay the foundation for key projects for 7 coastal states and UTs with a total outlay of Rs 255.30 crores under Pradhan Mantri Matsya Sampada Yojana (PMMSY), underscoring the commitment of the government for advancing the fisheries sector in the coastal states & UTs, the statement added.

The fisheries sector in India plays a crucial role in supporting rural livelihoods and contributing to the country's national economy.

With a vast coastline and an Exclusive Economic Zone (EEZ) of 2.02 million square kilometres, India boasts rich marine resources. The marine fisheries sector in India harbours significant potential, estimated at 5.31 million tonnes.

Coastal states and Union Territories, which include around 3,477 coastal fishing villages, produce 72 per cent of the country's total fish production and account for 76 per cent of India's total seafood exports.

He will also launch a set of key initiatives aimed at strengthening marine fisheries and promoting sustainable practices, including the Marine Fisheries Census Operations, the Turtle Excluder Device (TED) project, and the release of the Standard Operating Procedure for the Vessel Communication and Support System.

On this occasion, certificates will also be distributed to outstanding Cooperatives, FFPOs, fisheries start-ups, and climate-resilient coastal fishing villages. As part of the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PMMKSSY), beneficiaries will also receive Aqua Insurance certificates and Kisan Credit Cards (KCC).

Notably, the government has introduced Aqua Insurance for the first time, offering dedicated financial protection to aquafarmers.

This landmark initiative ensures targeted insurance coverage, digital accessibility, and focused support for marginalised communities in the fisheries sector, the Ministry said in its release.

The Coastal States Meet 2025 will also feature key technical sessions including Strengthening Marine Fisheries Governance: Integrating Marine Fisheries Regulation Acts (MFRAs), Monitoring, Control & Surveillance (MCS), and Sea-Safety; Model Mariculture SOPs; Standard Operating Procedure of the Vessel Communication and Support System (VCSS); Export Promotion - Processing, Value Chain & Quality Improvements; and Promotion of Traceability and Certification in Marine Capture Fisheries.

These sessions aim to offer practical policy insights and technical guidance to strengthen marine fisheries, ensure safety, promote sustainable mariculture, and improve export capabilities.

In addition, the event will host an exhibition showcasing innovative technologies, products, and initiatives in the fisheries and aquaculture sector, fostering knowledge exchange and highlighting best practices, the statement added.

- ANI

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Reader Comments

P
Priya K.
This is such a welcome move! Our fishermen communities have been needing this support for years. The aqua insurance is especially groundbreaking 👏 Hope the funds reach the actual beneficiaries transparently.
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Rahul M.
While I appreciate the initiative, I hope they've done proper environmental impact assessments for these projects. The turtle excluder devices are a good start, but we need more comprehensive marine conservation plans.
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Sunita P.
My uncle is a fisherman in Kerala - he's been struggling with loans for years. The Kisan Credit Cards and insurance could be life-changing for families like ours! 🎣
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Amit D.
The numbers are impressive - 72% of fish production from coastal villages! But I wonder how much of the 255 crore will actually go to infrastructure vs administrative costs. Would love to see a detailed breakdown.
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Neha T.
The focus on sustainable practices and technology is what excites me most! The exhibition sounds like a great opportunity to learn about innovations in this sector. Anyone know if it's open to public?
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Vijay S.
As someone from Mumbai, I'm curious to see how this will impact local fish markets. Hopefully it leads to better quality and more stable prices for consumers too!

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