Centre for ₹1,000 crore for harbour development

Tamil Nadu is seeking ₹1,000 crore for the development of fishing infrastructure and an additional ₹247 crore for the development of seaweed farming from the Central government’s Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme.

The ₹20,050-crore fisheries development scheme was announced by Prime Minister Narendra Modi in May, as part of the government’s plan for jump-starting the Covid-19-hit economy. The Central government would bring in ₹9,407 crore, states ₹4,880 crore and the (beneficiaries) private sector ₹5,763 crore and the scheme is to be implemented between 2020-21 and 2024-45.

Of the ₹20,050 crore outlay, ₹5,000 crore has been earmarked for the development of fishing harbours and ₹640 crore for seaweed cultivation.

HBL