PM Modi Announced A New Special Loan Scheme for Fishermen

PM Modi

On Wednesday, Prime Minister Narendra Modi announced a loan scheme for small and marginal fishermen. This scheme would enable them to purchase modern boats for going into deep sea for getting more catch.

By addressing a meeting at Diu, PM Modi said that the scheme is being specially designed for those fishermen for the poor fishermen who cannot go into the deep sea due to the limitation of their boat sizes.

PM said that the scheme would be implemented all over the country as the draft of the scheme is almost ready. Fishermen can form a group of five and buy a fishing trawler with the cold storage facility and increase their earning capacity. The group will be given a loan up to Rs 1 crore under the MUDRA scheme. The Centre will contribute 50 percent of funds.

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He said that the group will be given big fishing boats which can go beyond 12 nautical miles, where the catch is available in large numbers. Small fishermen, instead of fishing alone, can be part of such groups and share profits.

Modi, who later offered prayers at Somnath temple, also said that his government is looking to bring about a ‘green revolution’ by coastal development and fishermen’s welfare.

Modi informed the people that under the Sagar Mala project, government has identified 400 projects of which 40 would come up along Gujarat’ coast and attract Rs 45,000 crore’s investment.

Modi was felicitated by local BJP unit as it was after 39 years that an incumbent Prime Minister has visited Somnath temple.

The PM also announced the new ‘iconic’ bridge connecting Dwarka to Beyt Dwarka that will be constructed at a cost of Rs 500 crore. PM announced that the design is being prepared for this iconic bridge which will also be a tourist attraction in itself. People can use this bridge on foot, cycling, car and loaded vehicles too.

Modi said that the government has decided to allow its export so that the growers can get good prices to help groundnut growing farmers.

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