In news– Recently, the Union Minister of Fisheries, Animal Husbandry and Dairying inaugurated the country’s first-of-its kind, dedicated business incubator to be known as LINAC- NCDC Fisheries Business Incubation Centre (LlFlC) in Haryana’s Gurugram.
About Incubation Centre–
- This unit will provide hand holding such as training, converting entrepreneurial ideas into business models and doling out seed money to the new as well as existing business entrepreneurs keen to make big in the segment.
- National Cooperative Development Corporation (NCDC) is the implementing agency for the LIFIC.
- NCDC has identified the first batch of ten incubatees from four states—Bihar, Himachal Pradesh, Gujarat and Maharashtra.
- Out of them, 6 are from newly-created Fish Farmers Producer Organizations with the support of the financial grant under the PMMSY.
- Centre will serve as a ‘milestone’ in future for the fisheries sector which is being given a big push under the central flagship Pradhan Mantri Matsya Sampada Yojana (PMSSY).
- It would nurture fisheries start-ups under real market-led conditions.
- The Prime Minister has set a goal of 22 million tonnes of fish production and export to the tune of Rs one lakh crore by 2025.
- Presently, fish production is 130 lakh tonnes and exports worth Rs 46,000 crore.
National Cooperative Development Corporation (NCDC)
- NCDC was established by an Act of Parliament in 1963 as a statutory Corporation under the Ministry of Agriculture & Farmers Welfare.
- The objectives of NCDC are planning and promoting programmes for production, processing, marketing, storage, export and import of agricultural produce, foodstuffs, industrial goods, livestock and certain other notified commodities and services on cooperative principles.
- Its Management vests in 51 members widely represent the General Council to give shape to its policies and programmes and Board of Management.