Blue Revolution in India

Blue Revolution in India: Complete objectives & Results

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.

 

Blue Revolution in India

 

 

What is the objective of the Blue  Revolution?

 

1). To  improve the economic  growth of  the country

 

The basic motive of the Blue revolution is to improve the economic growth of the 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 the Blue Revolution is to improve food security  & nutritional security of the 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 the 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.

 

Blue Revolution in India

 

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, the 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 these 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 the 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

 

Blue Revolution in India

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 a 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 of fishery production by 2020.

 

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18 thoughts on “Blue Revolution in India: Complete objectives & Results”

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