Blue Revolution in India ( Neel Kranti )
Blue Revolution in India: The government of India had undertaken the Blue Revolution scheme to improve the food security of India through the fishery sector. The most important and not so famous question of the current situation is “How to improve the living standard of our farmers”, so the Blue revolution in India is one of the answers to this question. Our government focused on using new technology for increasing fish production and to achieve double-digit growth in the fishery sector. This initiative was started in 2015 and after just 3 years India’s fish production has increased by 19 percent.
What is the objective of Blue Revolution?
1). To improve economic growth of the country
The basic motive of Blue revolution is to improve economic growth of country or to improve country’s GDP through an increase in food production and food processing. Currently, India’s production capacity in the fishery sector is around 10 million ton and our target to achieve 15 million ton at the end of 2020.
2). Food security & nutritional security
The most important objective of Blue Revolution is to improve food security & nutritional security of country because we are on the 74th rank in the world in food security. If our production increases then the price level of the fishery will decrease and it will become affordable for poor people and it will increase the nutrition level of the country.
3). Employment Generation
Development in fishery sector directly improves the employment and in India including wage employment and self-employment. For a huge increase in production, we need a huge number of workers because the fishery is the labor-intensive sector. And if the government provides opportunity and funds, investors automatically attract towards this sector and self-employment in this sector will increase.
4).Full utilization of water Resources
Another important objective of the blue revolution is full utilization of water resources of the country. This initiative provides the incentive to conserve water resources and increase the number of ponds, which is very important to maintain the groundwater level of the country.
5). Increase Income of farmer
Most important but not so famous question of current time is to how to improve the standard of living of our farmers. So, Blue revolution is the initiative that helps the farmers to increase the income and living standard.
Current Profile of Fishery Sector in India
India is the 2nd largest fishery producer in the world after China but the gap between this two countries is huge. According to recent stats, India annual fishery production is around 10 million ton ( inland fishery accounted 5.6 million ton and the marine fishery is about 3.4 million ton) and China manages its production is about 60 million ton.
Important Component of Blue Revolution in India
1. National Fisheries Development Board (NFDB)
2. Institutional Arrangement for Fishery Sector in India
3. National Welfare Scheme for Fisherman
4. Development of Technology in Marine fisheries and provide growth opportunities in this sector
5. Improve the accuracy in the database and geographical information provided to fisherman
6. Fisheries Infrastructure Development Fund
What is Fisheries Infrastructure Development Fund (FIDF)?
The government of India is planning to set up Fisheries Infrastructure Development Fund in which farmers and entertainer in this sector will provide the loan in a low-interest rate. Following highlighting points of FIDF
1. Finance will be provided at 6% rate of interest for the infrastructure project.
2. The repayment period will be 12 years.
3. 7500 crores of the fund are set up for this scheme.
4. Target to achieve 15 million ton fishery production by 2020.
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