Under this scheme, the government is giving bumper subsidy and easy loan on fish farming, know how to avail the benefits.

Fish Farming Business: In today’s era, farming is no longer limited to just wheat, paddy and other traditional crops. With the help of new technologies and government schemes, farmers are now running farming as a profitable business. Due to inclement weather, rising costs and low profits, many farmers are looking for new earning options. In such a situation, fish farming is becoming increasingly popular. The government is also promoting this work by providing subsidies and easy loans to farmers under the Pradhan Mantri Matsya Sampada Yojana. If a farmer wants to start a good and consistently profitable business at low expense, then fish farming can be a great option for him.

How to start fish farming business?

• To start fish farming, it is first necessary to prepare a pond on the ground.
• If farmers wish, they can build an earthen pond or install a modern biofloc tank system.
• After this, young fish of good breed, called seeds or fingerlings, are purchased.
• For rapid growth of fishes, nutritious and high-protein feed is required.
• Along with this, aerator machines are installed to maintain the oxygen level in water and testing kits are used to test the water from time to time.
• With proper care and clean water, the fish gets cooked quickly and gives good production.

Know the complete process of subsidy and loan

Under this scheme of the government, financial assistance is also given to the farmers. General category male farmers get about 40 percent subsidy on pond construction and other necessary costs. At the same time, up to 60 percent assistance is given to women and SC-ST category farmers. To avail the benefit of this scheme, the farmer has to apply to the Fisheries Department of his district. A project report also has to be submitted along with the application. After getting approval from the department, a recommendation letter is given for bank loan. Through this, farmers can easily take loans at low interest rates and the subsidy amount is sent directly to the bank account.

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Ways to increase income

It is considered very important to choose the right species to earn more in fish farming. In India, the demand for fishes like Rohu, Katla, Mrigal and Mangur remains throughout the year. These fish grow rapidly and are sold at good prices in the market. Apart from this, many farmers also do poultry or duck rearing along with the pond, which earns them additional income. The special thing is that duck droppings act as natural food for fishes, which reduces expenses and increases profits.