Union Budget 2025-26: A Boost for India’s Fisheries Sector

The Union Budget 2025-26 has prioritised the sustainable growth of India’s fisheries sector by increasing financial support and introducing policy measures to enhance marine resource utilisation. 

The government aims to boost deep-sea fishing, promote modern aquaculture techniques, and strengthen India’s position as a global leader in seafood exports. With a budgetary allocation of ₹2,703.67 crore—an increase of 3.3% from the previous year—the sector is set to witness significant advancements.

Harnessing the Potential of India’s Exclusive Economic Zone

India possesses a vast Exclusive Economic Zone (EEZ) of 20 lakh sq. km, providing immense scope for marine fisheries. The government has announced a strategic framework to sustainably harness fisheries in the EEZ and high seas, with a special focus on the Andaman & Nicobar and Lakshadweep Islands. 

These regions, with a combined marine fisheries potential of 2.48 lakh tonnes, will see targeted development through deep-sea fishing initiatives, tuna clusters, and streamlined licensing processes.

For Andaman & Nicobar, the government aims to utilise its 6.60 lakh sq. km EEZ, with a specific focus on tuna fisheries. Measures such as onboard processing facilities, deep-sea fishing vessel licensing, and single-window clearances will facilitate this development. 

Meanwhile, Lakshadweep, with a 4 lakh sq. km EEZ and a significant lagoon area, will focus on seaweed cultivation, ornamental fish farming, and end-to-end value chain development, particularly benefiting women through Self-Help Groups (SHGs).

Policy Reforms and Economic Support for Fishers

The budget introduces financial and policy measures to strengthen the fisheries sector. The Kisan Credit Card (KCC) lending limit has been raised from ₹3 lakh to ₹5 lakh, ensuring better access to credit for fishers, processors, and other stakeholders. This move is expected to encourage the adoption of modern techniques, improve working capital availability, and enhance economic stability in rural areas.

To bolster India’s seafood export industry, the government has reduced the Basic Customs Duty (BCD) on frozen fish paste (surimi) from 30% to 5% and on fish hydrolysate from 15% to 5%.

These reductions aim to lower production costs, increase profit margins for fish farmers, and enhance India’s competitiveness in the global seafood market. By supporting value-added seafood exports, such as imitation crab meat and shrimp analogues, India seeks to strengthen its position as a leading seafood exporter.

Conclusion

India’s fisheries sector has emerged as a key contributor to economic growth, providing livelihoods to over 30 million people. The strategic initiatives in the Union Budget 2025-26 reinforce the government’s commitment to sustainable marine resource utilisation, financial inclusion, and global competitiveness. With enhanced funding, policy support, and infrastructure development, India is well-positioned to maximise its fisheries potential and drive economic progress.