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Fishery Project Finance ( Fresh water). Manas Ranjan Mohanty , GM . Indian Fisheries: An overview. significant commercial enterprise, contributing to employment generation, food and nutritional security and foreign exchange earnings.
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Fishery Project Finance ( Fresh water) Manas Ranjan Mohanty , GM
Indian Fisheries: An overview significant commercial enterprise, contributing to employment generation, food and nutritional security and foreign exchange earnings. Rs 67 913 crore to the GDP during 2009-2010, which is 0.96 percent of GDP export of marine products reached 813 091 tonnes valued at Rs. 12 901.47 crore and US $ 2.857 billion ( 2010-11) Planning Commission
Indian Fisheries: An overview • Exclusive Economic Zone (EEZ) of 2.02 million sq. km, a continental shelf area of 530 000 sq. km and a coastline of 8 118 km • 45 000 km of the riverine resources • the richest fish germplasm in the world
Indian Fisheries: An overview reservoir resources cover more than 3.0 million ha the third largest producer of inland fish in the world (after China and Bangladesh) the second largest producer of farmed fish, after China.
Indian Fisheries: An overview • Fish production in India has shown an increasing trend from 0.72 million metric tonnes (mmt) in 1950-51 to reach 8.288 mmt in 2010-11 • 3.220 mmt from marine sources • 5.068 mmt from inland fisheries (including aquaculture) Source Planning Commission
Indian Fisheries: An overview 14.49 million people engaged in various fisheries related activities Small scale nature a source of protein rich nutritious food livelihood to poor people Source Planning Commission
Potential of Inland Fisheries immense potential fish productivity of freshwater aquaculture far below the potential area under culture is also a small part of the existing resources 0.95 mha out of 2.41 mha
Composite Fish Culture Composite Fish Culture for maximum fish production utilization of available fish food organisms in all the natural niches, supplemented by artificial feeding water depth of 2 metres with minimum level not to fall below 1metre
Technical Parameters- selection of Pond Selection of Pond: soil water retentive assured sufficient supply of water not in a flood prone area. owned by the individual or taken on lease in which case the lease period should be more or coterminous with the repayment period.
Pond management Prestocking : removal of weeds , unwanted /predatory fishes Liming: alkaline soil/ water ( 8.6- 9.6 pH) Fertilisation/ manuring : organic and inorganic Stocking fingerlings after 15 days of fertilisation ; fingerlings @ 5000 per ha
Post Stocking Supplementary feeding ( rice bran and oil cake, GOC, cotton seed oil cake) 5-6% of body wt Manuring – organic monthly @1000 kg /ha Inorganic fertilisation at monthly interval Harvesting – at 1 year ; 4-5 tonnes /ha
Bank Finance Eligible borrowers ( individuals/ company/partnership firm/co-op society / group) Prior training essential (FFDA) Margin : small – 5 % medium – 10 % larger farmer – 15 % Subsidy : NFDB and /or Govt.
Financial Outlay Capital cost and recurring cost for a model scheme available on NABARD Website https://www.nabard.org/english/fisheries.aspx Capital cost to include Site clearance, Construction of pond, Diesel Pump Set, Inlet/outlet sluices, Store Room/rest room, Nets and other implements, Miscellaneous
Financial outlay Operational cost ( 1 crop one year) to include Drying, desilting and ploughing, Lime, single Super Phosphate, Urea, Raw Cow Dung, Fish Seed , Fish Feed, Harvesting charges, Miscellaneous
Financial Analysis In model scheme the financial viable parameters as follows: NPW @ 15% BCR @ 15% (1.54 :1) IRR above 50%
Repayment Repayment of the loan 8 years in equated annual installments with a moratorium on repayment of principal in the first year. Rate of interest as per bank/RBI Norms Security as per RBI/bank norms from time to time Rate of refinance as per NABARD norms from time to time
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