MOFAHD provides financial assistance to set up FFPOS

The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying (MOFAHD) under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) is providing financial assistance for setting up of Fish Farmers Producer Organizations (FFPOS) to economically empower the fishers and fish farmers and enhance bargaining power. The financial support provided under the PMMSY to each FFPOS primarily includes the cost of formation and incubation, management, equity grant and training and skill development. Further, under PMMSY, the Department of Fisheries, MOFAHD during 202021 has accorded approval to the proposal of the National Cooperative Development Corporation, MOAFW for setting up of 50 FFPOS at a total cost of Rs 24.50 crore. Besides, approval has also been accorded during 2020-21 to the proposal of the National Fisheries Development Board (NFDB) for setting up 22 FFPOS at a total cost of Rs 10 crore under the PMMSY.