FISHRIES INFRA DEV FUND

The Fisheries Infrastructure Development Fund (FIDF) supports the development of modern fishing harbors, cold storage facilities, processing units, and aquaculture farms to enhance the overall productivity and efficiency of the fisheries value chain. It also focuses on improving post-harvest management, fish marketing, and export competitiveness, thereby ensuring better income and livelihood for fishermen and coastal communities. By encouraging investments from public and private sectors, FIDF promotes sustainable and responsible fishing practices, aligning with India’s goal of achieving a blue economy. The scheme plays a crucial role in strengthening India’s position as a leading producer and exporter of fish while contributing to food security, employment generation, and rural development across coastal and inland regions.

Schedule a ₹99 consultation Connect with us

Start a conversation

Name

Mobile

Description Max 500 characters

Here are some important benefits of this fund are

Subsidized Loans: FIDF offers subsidized loans to eligible individuals, cooperatives, and organizations involved in fisheries infrastructure development projects. These loans have lower interest rates or other favorable terms compared to regular commercial loans, making them more accessible to beneficiaries.

Infrastructure Development Projects: FIDF supports infrastructure development projects related to fishing harbors, fish landing centers, fish markets, processing units, cold chain infrastructure, and aquaculture facilities. Financial assistance is provided to fund the construction, modernization, and expansion of such infrastructure.

Technology Adoption: The fund incentivizes the adoption of modern technology and practices in fisheries infrastructure development. Incentivization include subsidies or grants for the purchase of equipment, machinery, and technology aimed at improving efficiency, productivity, and sustainability in the fisheries sector.

Capacity Building: FIDF allocates funds for capacity building initiatives, including training programs and workshops, to enhance the skills and knowledge of stakeholders involved in fisheries infrastructure development, management, and operation.

Research and Development: FIDF also supports funds allocated towards research and development activities aimed at advancing technologies, techniques, and innovations in fisheries infrastructure development and management.

Sustainability Initiatives: FIDF promote sustainability initiatives in fisheries infrastructure development, such as projects focused on eco-friendly practices, resource conservation, and environmental protection.

Subsidies for Specific Components: Depending on the specific requirements and priorities, FIDF offer subsidies for particular components of fisheries infrastructure projects, such as the construction of fishing harbors, installation of cold storage facilities, or procurement of processing equipment.

Purpose & Applicability

Key Requirements & Eligibility

Process & Compliance

Benefits, Risks & Best Practices

Purpose & Applicability

It is a government initiative to provide concessional loans and infrastructure support for fisheries and aquaculture, aiming to build modern facilities and boost production.

Eligible entities include state governments/UTs, fisheries cooperatives, SHGs, individual entrepreneurs (including women, SC/ST), and private companies engaged in fisheries infrastructure.

To reduce infrastructure gaps in fisheries — such as cold chains, processing units, and harbours — while improving fish production, reducing post-harvest losses, and supporting value addition.

Projects like ice plants, cold storages, fish landing centres, modern fish markets, aquaculture units, fish processing units, and fish logistics facilities are eligible.

Key Requirements & Eligibility

The scheme allows up to 80% of the estimated or actual project cost to be financed under eligible projects

Typically, the beneficiary must provide at least 20% of the project cost as margin money; this may vary for state-level projects.

The scheme provides an interest subvention of up to 3% per annum for eligible fisheries infrastructure activities.

No fixed limits are set; support depends on project feasibility and adherence to guidelines.

Process & Compliance

Applicants must prepare a detailed project report, submit it through the nodal agency, and secure financing approval from the designated bank or lending institution.

The maximum repayment period is up to 12 years, including a 2-year moratorium on principal repayment.

Beneficiaries must ensure proper utilization of funds, maintain project records, and submit regular progress reports as per scheme norms.

Non-compliance can lead to withdrawal of benefits, recovery of subsidy, or disqualification from future assistance.

Benefits, Risks & Best Practices

Access to large-scale credit, interest subsidy, better fisheries infrastructure, improved production, and enhanced market access.

Challenges include preparing viable project reports, arranging margin money, managing project timelines, and ensuring repayment discipline.

Avoid incomplete applications, inaccurate cost estimates, poor site selection, and lack of operational planning.

Prepare a detailed DPR, choose proven technology, secure necessary approvals, arrange funds early, and maintain close project monitoring.

Sign in to unlock tailored plans

Your BizPriest account personalises pricing, documentation timelines, and deployment squads for every mandate.

Name

Mobile

Subject

Your question Max 500 characters

Live community responses

Explore verified answers. Filter by topic and follow threads for updates.