India’s blue economy is thriving, with fish production doubling over 10 years amid the distribution of 4.76 lakh KCCs worth Rs 3,214 crore by June 2025. Official insights from Monday reveal a sector supercharged by smart financing and tech.
The 2018-19 KCC initiative provides short-term loans at 7% interest (4% with timely pay), backed by Rs 6,369 crore in fund approvals for 178 proposals come July 2025. NABARD’s Rs 750 crore credit shield minimizes risks on loans to Rs 12.5 crore.
Bridging gaps, the National Fisheries Digital Platform unites 12 banks, processing thousands—including 19,000 remote apps—with 350 nods and loans from Rs 15k to Rs 5 crore.
Hitting 197 lakh tonnes in FY24-25 versus 95.79 lakh in 2013-14, the goal is 220 lakh by 2026, aiding three crore lives and Rs 62,408 crore shrimp-led exports to US/China in 2025.
At 7.26% of agri-GVA, 5% GST reforms amplify domestic and global edges. This progress cements India’s leadership in sustainable aquaculture.