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Union Finance Minister Nirmala Sitharaman announced allocation of an amount of Rs 2248.77 crore as against the corresponding figure of Rs 1624.18 crore during 2022-23 and Rs 1360 crore during 2021-22 for the Department of Fisheries while presenting the Union Budget for FY 2023-24.
Get latest articles and stories on India at LatestLY. Union Finance Minister Sitharaman also announced a new sub-scheme named Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY): Central Sector Sub-scheme under PMMSY with targeted investment of Rs 6,000 crore with the objective to enhance further the earnings and incomes of fishermen, fish vendors and micro and small enterprises engaged in fisheries sector. India News | Fisheries Budget Increased by 38.45 Pc, Amount of Rs 2248.77 Cr Allocated for FY 2023-24.
She also said that the agriculture credit target has increased to Rs 20 lakh crore for FY24, with focus on animal husbandry, dairy and fisheries. Further, the government is planning to set up massive decentralised storage capacity to help farmers, the minister said in her Budget speech. Budget 2023: National Cooperative Database is Being Created to Map Cooperative Societies, Says FM Nirmala Sitharaman.