Financing and Marketing Management

Unit 5 - Role of NABARD in fisheries development

5.8. Problems in fisheries financing
Fisheries has vast untapped potential for development, has good technical and scientific manpower and entrepreneurship and is also getting due priority at the national level. However the sector is not progressing as desired by planners. This is due to following constraints.
General
• Lack of coordination among different agencies
• Lack of extension facilities
Marine
• Poor policy for deep sea
• Lack of conservation measures
• Lack of new vessels for various depth zones
• Lack of good fishery infrastructure
• Unhygienic conditions
• Lack of processing facilities
• Lack of marketing set-up
• The profitability of mechanized fishing vessels has been affected due to high cost of operations especially that of diesel and spare parts
• Dependence on money lenders by fishermen who meet their working capital
Inland
• Complicated leasing policy
• Non-availability of quality fish seed and feed
• Non adoption of alternative species culture
• Less contribution from reservoir fisheries
• Ignorance of prawn farming
• Not adopting innovative technologies
• Lack of coordination
Coastal aquaculture
• Coastal regulation zone and related problems
• Demarcation of high tide line
• Not trying alternative species culture
• Disease problems
• Poor leasing policy
Banks
• Lack of awareness of the programs
• Lack of coordination and monitoring
• Lack of Insurance
• Bad experience of banks
• Shortage of trained staff in bank as well as implementing agency is considered a major handicap in quick processing/sanctioning of loan cases.