HLC on banking to align financial sector growth to Viksit Bharat (See 'Corp Brief') Infra Risk Guarantee Fund to instil confidence in private developers (See 'Corp Brief') Shares buyback to be taxed as capital gains for all categories of shareholders (See 'Corp Brief') IIFT achieves 1st Position in Times B-School Ranking 2026 (See 'Corp Brief') Centre to enable States to establish regional medical hubs for tourism (See 'Corp Brief') Budget lays emphasis on scaling up manufacturing in 7 strategic sectors (See 'Corp Brief') Competition Act - intervention of CCI not warranted where allegations contained in Information are vague, sweeping & unsupported by material particulars necessary to establish contravention of Sections 3 or 4 of the Act: CCI (See 'Legal Desk') Interest accrued on motor accident compensation will no longer attract TDS (See 'Corp Brief') FM proposes uniform MAT Treatment for non-resident opting for Presumptive Tax (See 'Corp Brief') Tax certainty for non-resident individuals (See 'Corp Brief') Govt. revised criteria for Inter-Group loan exclusion from 'Dividend' definition (See 'Corp Brief') FDI Limit in Insurance Sector raised to 100%, subject to full domestic investment of premiums (See 'Corp Brief') Govt to facilitate ICAI, ICSI, ICMAI to run short-term know-how courses for youth (See 'Corp Brief') Government to set up 'BharatTradeNet' as Unified Digital Platform for international trade (See 'Corp Brief') Sovereign Gold Bond Capital Gains exemption to apply only to original holders at maturity (See 'Corp Brief') CSIR-NIO's Vizag Centre to play key role in offshore energy: MoS (See 'Corp Brief') FEMA - Statement recorded u/s 37 of FEMA did not amount to confession of criminal offence: HC (See 'Legal Desk') International Olympic Academy Director impressed by India's vision for sports (See 'Corp Brief') WB ranks India among top 5 in terms of private investment in infra (See 'Corp Brief') SEBI - In absence of explicit permission/exemption with respect to RFQ requirements, Noticee should have suspended its services if it was not feasible to engage large amounts of funds into working capital: SEBI (See 'Legal Desk') Survey: India should focus on application-based AI tools (See 'Corp Brief') IBC - NCLT can't decide title disputes over assets, including IPRs such as trademarks, unless they have direct & proximate nexus with insolvency resolution process: SC (See 'Legal Desk') UNCTAD ranks India as leading economy in trade partner diversification (See 'Corp Brief') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT')

Print

Department of Fisheries hosts Fisheries Startup Conclave 2.0 in Hyderabad

Published: Mar 10, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 10, 2025: THE Department of Fisheries, under the Ministry of Fisheries, Animal Husbandry, and Dairying (MoFAH&D), organized the Fisheries Startup Conclave 2.0 on Saturday in Hyderabad, Telangana.

The event was inaugurated by Union Minister Rajiv Ranjan Singh, Ministry of Fisheries, Animal Husbandry( MoFAH&D) & the Ministry of Panchayati Raj, along with Minister of State Prof. S.P. Singh Baghel (MoFAH&D and Ministry of Panchayati Raj) & Prof Ramesh Chand, Member NITI Aayog

The Department of Fisheries organized the Startup Conclave 2.0 to promote innovation in the fisheries sector. As part of this initiative, the Fisheries Startup Grand Challenge 2.0 was launched to support startups in manufacturing and related areas. The program aims to foster entrepreneurship, technological advancements, and sustainability in fisheries and aquaculture, enhancing production and efficiency. Through the Fisheries Startup Grand Challenge 2.0 support will be extended to 10 winning startups with Rs 1 crore in funding. Each winning proposal will receive structured incubation support from ICAR ( ICAR-Central Institute of Fisheries Technology)  (National Fisheries Development Board) NFDB, or other affiliated institutions under the Department of Fisheries. These incubators will play a crucial role in mentoring startups, offering capacity-building programs, and providing access to manufacturing infrastructure to help them scale their solutions effectively.

The NFDP Mobile Application was launched during the Fisheries Startup Conclave 2.0 to expand access to Pradhan Mantri Matsya Sampada Yojana( PM-MKSSY)  benefits. 

The launch was led by Rajiv Ranjan Singh (Lalan Singh), Hon'ble Minister of Fisheries, Animal Husbandry & Dairying and Panchayati Raj other dignitaries, and participating startups. 

 The NFDP mobile app has been developed and is now available on the Google Play Store. The app offers a seamless interface for users particularly startups to navigate various modules and avail scheme benefits.
Developed under the scheme Pradhan Mantri Matsya Samridhi Sah-Yojana (PM-MKSSY), the NFDP serves as a platform for creating digital work-identities for fishers, fish farmers, vendors, and processors, enabling their seamless integration into formal financial and welfare systems. The mobile application simplifies access to various government schemes, offering a user-friendly interface for navigating multiple modules and avail scheme benefits.The NFDP mobile app has transformed the fisheries sector by enabling digital registration and providing access to the PM-MKSSY scheme, financial aid, insurance, and training programs. It offers Rs 100 for self-registration and Rs 76 for registration via VLEs of CSCs. The app strengthens cooperatives, improves traceability, and enhances market linkages, benefiting over 19 lakh registered users. Special awareness and registration camps are boosting participation, making this initiative a major step toward digital inclusion and financial empowerment in the fisheries sector.

Background: India's fisheries and aquaculture sector sustains 3 crore livelihoods, driving employment across the value chain. Since 2015, the Government has invested ?38,572 crore through various initiatives and schemes to promote sustainable growth. This rapid expansion has spurred the rise of over 300 fisheries start-ups, which are leveraging blockchain, IoT, and AI to develop innovative, commercially viable solutions that enhance productivity, ensure traceability, and improve value chain efficiencies.  To address the fisheries' value chain challenges through innovative technology solutions, a set of problem statements have been identified that focus on developing nutritious and affordable aquaculture feeds from sustainable sources, enhancing aquaculture sustainability through AI-powered precision farming, building resilient and inclusive seafood supply chains, minimizing waste while maximizing value in the seafood industry, and integrating traditional knowledge with modern technology for sustainable fisheries. Another endeavour of Department of Fisheries (GoI) towards digital transformation in the fisheries sector was the launch of National Fisheries Digital Platform (NFDP) by Union Minister Rajiv Ranjan Singh, Hon'ble Minister of Fisheries, Animal Husbandry, and Dairying and Ministry of Panchayati Raj in September 2024.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.