An umbrella scheme for integrated development and management of fisheries has been approved by the Cabinet Committee on Economic Affairs (CCEA).

 

It is Central Sector Scheme on Blue Revolution that will be implemented at an outlay of 3,000 crore rupees for a period of five years in all the states including North East States and Union Territories.

 

The scheme would cover development and management of inland fisheries, aquaculture, marine fisheries, including deep-sea fishing, mariculture and all activities undertaken by the National Fisheries Development Board, an official statement said here.

 

Fisheries, classified as a sunrise sector, covers about 14.50 million people and had export earnings of Rs 33,441 crore in 2014-15 ($5.51 billion). Total production was 10 million tonnes in 2014-15. Besides increasing fish production at the primary level, the scheme would stimulate growth of subsidiary and allied industries and other related economic activities, especially in the coastal regions, leading to many direct and indirect benefits.

 

India has attained the status of the second largest fish producing and second largest aquaculture nation in the world.

Government has been hiked Minimum Support Price of Rabi crops including wheat and pulses for Rabi season 2015-16. The MSP of pulses was taken to increase the production as country is facing acute shortage due to domestic demand-supply gap

Decision in this regard was taken by the Cabinet Committee on Economic Affairs meeting chaired by Prime Minister Narendra Modi in New Delhi.

MSP of Rabi crops for season 2015-16

Crop	MSP per quintal (in Rs)
Wheat	1525
Gram (Channa)	3500
Lentil (Masur)	3400
Mustard	3350
Safflower	3300
Barley	1225