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Home Geography

Palk Bay scheme

October 11, 2021
in Geography
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Palk Bay scheme
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In news- The Union Government is considering increasing the unit cost of deep-sea fishing vessels under the Palk Bay scheme to make it more attractive to fisherfolk. Currently under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), the unit cost of deep-sea fishing vessels has been fixed at ₹1.2 crore.

About the scheme-

  • The Palk Bay Scheme is the official scheme for diversification of trawl fishing boats from Palk Strait into deep sea fishing boats.
  • It was launched by the Prime Minister in July 2017.
  • It is aimed at encouraging fishermen to take up deep-sea fishing and put an end to disputes arising between India and Sri Lanka.
  • The project helps fishermen in the Palk Straits, who are not exposed to deep-sea fishing, to venture deep into the Indian Ocean, Arabian sea and other deep-sea areas to look for fish that are in high demand.
  • The project aims to replace all trawler boats and introduce over 2,000 deep sea fishing boats in a course of three years.
  • The scheme is not part of PMMSY.
  • The Funding pattern of the scheme is Centre 50%, State 20%, Institutional funding 10% and Beneficiary 20%.

About Marine Fisheries Bill-

  • It proposes to only grant licenses to vessels registered under the Merchant Shipping Act, 1958, to fish in the Exclusive Economic Zone (EEZ). 
  • It puts the Indian Coast Guard (ICG) in charge of Monitoring Control and Surveillance (MCS).
  • It has proposed punishments for fishermen breaching the EEZ without a licence, not complying with ICG orders, and obstructing ICG officials.
  • It aims to protect Indian fishermen if there is any illegal activity by a foreign fishing vessel.
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Source: The Hindu
Tags: NewspaperPrelims

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