The Union Government is considering increasing the cost of deep sea fishing units under the Palk Bay program to make it more attractive to fishers folks.
Context
The Union Government is considering increasing the cost of deep sea fishing units under the Palk Bay program to make it more attractive to fishers folks.
About the Scheme
- The program - the separation of fishing vessels from the Palk Straits into deep-sea fishing vessels - aims to encourage fishers to take up deep-sea fishing and to resolve conflicts between the two countries.
- The program, under the auspices of the Blue Revolution - funded by the institution - 50 per cent and the national government - 20 per cent on a boat worth $ 80.
- Of the remaining 30%, 10% is deposited by the beneficiary (fisherman), and the remaining 20% ??is funded by banks.
- The project aims to transform all fishing vessels and introduce more than two thousand fishing vessels into a five-year course at a cost of Rs 1600 crores.
What is Bottom trawling?
- Bottom trawling, an environmental degradation practice, involves trawlers dragging weighted nets along the sea-floor, has resulted in significant depletion of water resources.
