Government of India Initiatives Propel Transition to Deep-Sea Fishing; Calls for Global Collaboration in Cold Water Fisheries Development
In a recent announcement, Union Minister L. Murugan affirmed the central government’s unwavering commitment to supporting traditional fishing communities as they transition to deep-sea fishing. The initiatives, namely the Blue Revolution and Pradhan Mantri Matsya Sampada Yojana, aim to provide financial assistance of up to 60% for traditional fishermen to convert their vessels into deep-sea fishing boats, along with available loan facilities.