Palk Bay scheme
- October 10, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Palk Bay scheme
Subject – Government Schemes
Context – Palk Bay scheme will be given a fillip: Murugan
Concept –
- The Scheme, “Diversification Of Trawl Fishing Boats From Palk Straits Into Deep Sea Fishing Boats”, was launched in 2017 as a Centrally Sponsored Scheme.
- It was launched as part of the umbrella Blue Revolution Scheme.
- It is a Tamil Nadu-specific scheme aimed at providing 2,000 vessels in three years to fishermen of the State and motivating them to abandon bottom trawling.
- Bottom trawling, an ecologically destructive practice, involves trawlers dragging weighted nets along the sea-floor, causing great depletion of aquatic resources.
- Another objective of the scheme is to “reduce fishing pressure” around the proximity of the International Maritime Boundary Line (IMBL) so that Tamil Nadu fishermen do not cross the IMBL and fish in Sri Lankan waters.
- The Funding pattern of the scheme is Centre 50%, State 20%, Institutional funding 10% and Beneficiary 20%.
- The Scheme is limited to vessels costing upto Rs. 80 Lakh.
- The scheme is not part of Pradhan Mantri Matsya Sampada Yojana.
To know about Pradhan Mantri Matsya Sampada Yojana, please click here.