Posted by : The Caspian Debt Team Budget 2020: Govt proposes to raise fishery exports to Rs 1 lakh crore
In the Union Budget 2020, the Modi government has made it clear that it intends to promote marine life. Finance Minister Nirmala Sitharaman in her Budget speech referred to the blue economy and said, by 2022-23, the government aims to raise fish production to 200 lakh tonnes. It will also focus on growing algae, sea-weed and cage culture. But what caught the attention was her emphasis “our government will involve youth in fishery extension through 3477 Sagar Mitras and 500 Fish Farmer Producer Organisations (Fish FPOs). We hope to raise fishery exports to Rs 1 lakh crore by 2024-25.