To develop aquaculture in North: Rs 140M allocated – Devananda

By Naalir Jamaldeen | Published: 2:00 AM Oct 15 2021
News To develop aquaculture in North: Rs 140M allocated – Devananda

By Naalir Jamaldeen 

Fisheries Minister Douglas Devananda said on Wednesday (13) that Rs 140 million has been set aside to develop aquaculture in the Northern Province. Minister Devananda added that a huge amount of money has been allocated to develop aquaculture amid the current economic crisis induced by the COVID-19 pandemic. Fishing families must utilise the funds to get their living conditions improved while contributing to the national economy, he added. He said a discussion was held with relevant officials at the Fisheries Ministry in Colombo regarding the allocation of funds to individuals in the Northern Province who are willing to start sea cucumber, seaweed and sea bass farming. 

The Minister went on to say that Rs 16.5 million has been allocated to the Lagoon Development and Security Division (LDSD) by the National Aquaculture Development Authority (NAQDA) which functions under the Fisheries Ministry. Devananda said financial assistance will be provided to 100 persons to start aquaculture farming, 100 persons to start sea cucumber farming and 50 persons to start sea bass fish farming from the funds allocated to the LDSD. Besides, funds have been allocated for seven new aquaculture development projects including prawns and fingerlings into the fresh water reservoirs, according to Minister Devananda. 

He said 115 persons have been selected for sea bass fish farming and 60 persons have been selected for seaweed farming from the funds allocated from Samurdhi. Rs 100,000 to each seaweed farmer, Rs 250,000 to each sea bass fish farmer and Rs 2.5 million for each sea cucumber farmer has been allocated. The Minister further instructed the officials to explain to the people about these projects in a proper manner and to guide the recipients of these funds so that they can reap long-term economic benefits.

By Naalir Jamaldeen | Published: 2:00 AM Oct 15 2021

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