National News

Aquaculture Insurance Initiative

October 3 , 2026 13 hrs 0 min 9 0

The government is promoting aquaculture insurance under PM-MKSSY (Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana) with a 40% premium incentive.
India recorded its highest-ever fish production of 19.8 million tonnes in 2024–25, becoming the world’s second-largest fish-producing country with about 8% of global production.
Aquaculture contributes over 74% of India’s total fish output and includes carp, shrimp, prawn, cage and marine farming.
India has about 14.1 lakh hectares of brackish-water area, but only around 17% has been developed for aquaculture.
India has about 1.95 lakh km of rivers and canals, 31.5 lakh hectares of reservoirs and 22.1 lakh hectares of ponds and tanks.