fisheries and aquaculture infrastructure development fund (fidf)

FIDF Overview

Objective of FIDF

  • To develop and upgrade the infrastructure for capturing and cultivating fisheries in a contemporary manner.
  • Establishing infrastructure for marine aquaculture.
  • To develop and update the infrastructure for inland fisheries.
  • Enhancing infrastructure support to minimize post-harvest losses and enhance domestic marketing facilities.
  • To address the resource shortfall and support the timely completion of existing infrastructure projects.  

Eligible Entities

  • State Governments and Union Territories.
  • State owned Corporations, State Government Undertaking, and Organizations supported by Governments.
  • Fisheries Cooperative Federations, such as FISHCOPPED and others.
  • Cooperatives include collective associations of fish farmers and groups involved in fish productions. 
  • Panchayat Raj Institutions, Self Help Groups (SHGs), and NGOs SCs/STs/Marginal /farmers, Women & Entrepreneurs, Self Help Groups and cooperatives of these etc.   
  • Private Companies/ Business owners.
  • Physically disabled.
  • The determination of any other institution or entity made by the Government.

Nodal Loaning Entities (NLEs)

  • National Bank for Agriculture and Rural Development (NABARD).
  • National Cooperatives Development Creation (NCDC).
  • All Scheduled Banks.

Quantum of Loan and Margin Money/Beneficiary Contribution

  • The Project supported by FIDF remains qualified for a loan up to 80% of the estimated or actual project cost.
  • Beneficiaries must provide a minimum of 20% of the project cost as their contribution towards the margin money.
  • It is not mandatory to contribute margin money for States/UTs and state entities implementing projects.
  • Nevertheless, the respective States/UTs and state entities can determine the level of contribution and size of the margin money, taking inspiration from the RIDF model and considering the budget constraints in their specific regions.
  • For the new projects to be approved under FIDF during the extended period of 3 years from 1.4.2023 to 31.3.2026 i.e. in remaining period of 15th Finance Commission, loans to state governments /State Agencies will be restricted to be not more than 10% of the total loans to be disbursed for new projects under FIDF.
  • The ceiling of 10% will not be applicable for public Private Partnership (PPP) projects.

Interest Subvention and Lending Rate of Interest

  • Interest Subvention: Up to 3% per annum for all Eligible Entities (EEs) for development of identified fisheries-based infrastructure facilities.
  • And it also includes cost of reduction of interest rate and uniform margin of 0.6% towards funds management charge and risk coverage costs to NLEs.
  • Lending Rate of Interest: Not lower than 5% per annum for all Eligible Entities (EEs) for development of identified fisheries-based infrastructure facilities.

Repayment Period

Maximum Repayment Period of 12 years inclusive of moratorium of 2 years on repayment of principal amount would be continued as existed.

Loan Disbursement

  • Projects wherein the first instalment of loan is released before march 2026, will be eligible for release of remaining instalments.
  • Within 2-year period i.e. before 31st March 2028 and all such releases are eligible for interest subventions under FIDF, subjects to the provision of relevant provisions in these guidelines.
  • However, efforts will be made to complete the implementation and release loan amount at the earliest.
Activities under FIDF
SI NoComponentUnit Unit Cost (Rs. in Lakhs) 
1Establishment of Fishing HarboursNos                                 15,000
2Establishment of Fish Landing CentresNos                                   1,000
3Construction of Ice Plants(both Marine and Inland Fisheries Sector)Nos                                      100
4Construction of Cold Storages (both Marine and Inland Fisheries Sector)Nos                                      100
5Fish Transport Facilities (both Marine and Inland Fisheries Sector)Nos                                        20
6Development of Modern Fish MarketsNos                                      100
7Setting up of Brood BanksNos                                   1,000
8Integrated Cold Chain (both Marine and Inland Fisheries Sector)Nos                                      500
9Development of HatcheriesNos                                        50
10Development of AquacultureNos                                         7
11Modernization of Fish Seed FarmsNos                                      500
12Establishment of state of the art of Fisheries Training CentresNos                                      500
13Fish Processing UnitsNos                                   4,674
14Fish Feed Mills/Plants  
a) Fish Feed Mills/Plants (FFM) of minimum of 4 to 5 tonne per day capacityNos                                        10
b) Fish Feed Mills/Plants (FFM) of minimum of 10 tonne per day capacityNos                                      650
15Construction of Cold Storages (both Marine and Inland Fisheries Sector)Nos                                         3
16Introduction of Deep Sea Fishing VesselsNos                                        80
17 Establishment of Disease Diagnostic LaboratoriesNos                                      150
18Development of MaricultureNos                                      150
a) Sea cage Culture cage Culturege CultureNos                                         5
b) HatcheriesNos                                        50
c) Nursery AreaNos                                         6
d) Sea weed/Bivalve/Pearl CulturesNos Total lump sum of 4,225
19Establishment of Aquatic Quarantine FacilitiesNos                                   2,500
20Any other Innovative Projects / activities designed to enhance fish production/productivity / Value (IA)Nos Lump Sum

Frequently Asked Questions (FAQs)

Fisheries and Aquaculture Infrastructure Development Fund

NABARD, NCDC, All Scheduled Banks

National Fisheries Development board

Yes, the State Governments/UTs are eligible for FIDF.

12 years inclusive of moratorium of 2 years on repayment of principal amount would be continued as existed.

Overview

                       The FIDF scheme has contributed to enhancing the overall infrastructure for the fisheries sector in India, improving supply chains and reducing wastage. The Scheme has supported the growth of India’s fisheries and aquaculture sectors, benefiting both costal and inland fisheries, and contributing to the economy, particularly in rural and coastal areas.

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