It is a Tamil Nadu-specific scheme aimed at providing 2,000 vessels in three years to fishermen of the State and motivating them to abandon bottom trawling.
It also aims to “reduce fishing pressure” around the proximity of the International Maritime Boundary Line (IMBL) so that Tamil Nadu fishermen do not cross the IMBL and fish in Sri Lankan waters.
It is Centrally Sponsored Scheme and the funding pattern of the scheme is Centre 50%, State 20%, Institutional funding 10% and Beneficiary 20%.
The Scheme is limited to vessels costing upto Rs. 80 Lakh.
The scheme, under the aegis of Blue Revolution scheme.
