Authors : Pooja D. Jambhulkar
Page Nos : 191-195
Description :
In India, fishing is one of the oldest professions. The national economy may be proud of the fishing industry. Blue revolution has made aquaculture one of the fastest growing food production sectors. The, ‘Blue food’ and ‘Blue economy’ holds a great promise for the future by providing food and nutritional security to the ever-growing world population. Aquaculture production continued its upward trend, while capture fisheries recovered in 2024 after a marginal decline in 2023. Startups are a key driver of India's economic growth and innovation, contributing to employment creation, technology and development. The aquaculture industry has the potential to be extremely important in supplying the rising demand for protein across the world. With its significant contribution to the socioeconomic development of the nation, the fishing industry has grown to be a significant source of revenue and employment, and it also encourages the expansion of other related small, medium, and large-scale sectors. Indian government actively supports entrepreneurs and startups by launching many programs and initiatives. The government provides funding for startups through grants and loans. The government also offers tax incentives for startups. The aquaculture industry plays a vital role in addressing global food security and meeting the rising demand for fish and animal protein, yet its current practices face substantial challenges. This study aims to evaluate the current status of aquaculture in India and future scopes, opportunities and Challenges regarding to the startups in aquaculture sector with the help of existing government funding schemes.
