Fisheries and Aquaculture Infrastructure Development Fund (FIDF)

Description:

The Fisheries and Aquaculture Infrastructure Development Fund (FIDF) is a government scheme in India that provides concessional finance to develop infrastructure for both marine and inland fisheries. It was created in 2018-19 to encourage investment in projects like fishing harbors, hatcheries, cold storage, and processing units, with an estimated outlay of Rs 7522.48 Crore. It offers:

– Quantum of Loan: The project under FIDF shall be eligible for a loan up to 80% of the estimated/actual project cost.
– Interest Subvention: Up to 3% per annum for the development of identified fisheries- based infrastructure facilities.