What steps can be taken to promote the welfare of MSMEs in the fisheries sector
Cabinet approves a new scheme for MSMEs in the fisheries sector.
To promote the welfare of Micro, Small, and Medium Enterprises (MSMEs) in the fisheries sector, the government has approved a new scheme. The following steps can be taken to ensure their growth and development:
- Access to Credit: Ensuring easy and affordable access to credit facilities through the establishment of special funds or loan schemes for MSMEs in the fisheries sector.
- Capacity Building: Providing training programs and workshops to enhance the skill sets of MSMEs in the fisheries sector, covering areas such as modern fishing techniques, aquaculture practices, marketing, and business management.
- Technology Adoption: Facilitating the adoption of advanced technology and equipment through subsidies or grants, enabling MSMEs to improve productivity, quality, and efficiency in the fisheries sector.
- Market Linkages: Creating platforms and networks to connect MSMEs in the fisheries sector with domestic and international markets, helping them access better opportunities and fair prices for their products.
- Infrastructure Development: Development of infrastructure facilities such as cold storage, processing units, and transportation facilities to support MSMEs in the fisheries sector, ensuring the preservation and quality of their products.
- Promoting Entrepreneurship: Encouraging entrepreneurship in the fisheries sector through various incentives like tax benefits, incubation centers, and mentorship programs, promoting the establishment of MSMEs and job creation.
- Policy Support: Formulating and implementing supportive policies and regulations that address the specific needs and challenges faced by MSMEs in the fisheries sector, ensuring a conducive business environment.
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a year ago