Mumbai’s fisheries landscape is buzzing with success as India celebrates doubled fish production in a decade, fueled by the rollout of 4.76 lakh KCCs disbursing Rs 3,214.32 crore up to June 2025. Government data shared Monday paints a picture of strategic investments paying off handsomely.
Introduced in 2018-19, these KCCs offer fishermen flexible short-term credit at 7% interest, dropping to 4% for prompt payers. Complementing this, the Rs 6,369 crore approvals under the aquaculture fund by July 2025 signal robust infrastructure push.
Risk aversion for lenders is addressed via NABARD’s Rs 750 crore guarantee fund, safeguarding loans up to Rs 12.5 crore without collateral. Meanwhile, the digital platform’s linkage with 12 banks has streamlined remote applications—19,000-plus submissions, 350 sanctions, and loans from Rs 15,000 to Rs 5 crore.
From 95.79 lakh tonnes in 2013-14 to an all-time high of 197 lakh tonnes in 2024-25, production has skyrocketed. The 2026 target of 220 lakh tonnes promises livelihoods for three crore individuals and Rs 62,408 crore exports in 2025, dominated by shrimp to the US and China.
With a 7.26% share in agri-GVA, initiatives like 5% GST on major products enhance market access. This decade’s achievements herald a sustainable future for India’s aquatic economy.