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Reading: Maharashtra to Grant ‘Farmer’ Standing to 12 Lakh Fishermen for Wider Welfare Advantages
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StockWaves > Financial News > Maharashtra to Grant ‘Farmer’ Standing to 12 Lakh Fishermen for Wider Welfare Advantages
Financial News

Maharashtra to Grant ‘Farmer’ Standing to 12 Lakh Fishermen for Wider Welfare Advantages

StockWaves By StockWaves Last updated: April 17, 2025 4 Min Read
Maharashtra to Grant ‘Farmer’ Standing to 12 Lakh Fishermen for Wider Welfare Advantages
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April 17, 2025April 17, 2025



The Maharashtra authorities is finalising a coverage to grant “farmer” standing to 12 lakh fishermen throughout the state. The coverage awaits approval from the finance division and the chief minister’s workplace (CMO) earlier than being tabled for remaining cupboard approval, seemingly throughout the subsequent week.

As soon as authorised, this coverage will profit each inland and marine fishermen, making Maharashtra the primary state in India to implement such a plan. Though Andhra Pradesh had labored on an identical proposal, it by no means acquired remaining approval.

The initiative recognises that each agriculture and fishing are nature-dependent professions. Whereas farmers have entry to quite a few welfare schemes, fishermen have been excluded from such advantages. Granting them “farmer” standing will allow them to entry authorities schemes accessible to the agricultural sector.

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Minister Nitesh Rane had introduced the plan over the last finances session, with assist from then-deputy chief minister Devendra Fadnavis.

The important thing advantage of this coverage is that fishermen can safe financial institution loans to improve their boats from picket to fibre or electrical fashions, decreasing reliance on personal lenders. The federal government expects to spend Rs 70 to Rs 80 crore yearly on this initiative.

Fishermen may even be eligible for presidency insurance coverage and compensation throughout pure disasters, much like what farmers obtain. Moreover, the fisheries division plans to advertise seaweed cultivation to offer another earnings throughout the monsoon when marine fishing is restricted. There’s additionally a give attention to growing inland fishing manufacturing, with conferences underway to develop a method for progress.

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