On 16 Jun 2006, the Union Cabinet gave its approval for setting up of the National Fisheries Development Board with the objective of bringing professional management in the field to improve production.
The board is expected to carry out programmes such as intensive aquaculture, reservoir fisheries, brackish-water aquaculture, seaweed cultivation, development of infrastructure and streamlining domestic marketing.
The projected cost of these activities is Rs 2,100 crore in the next six years. The decision will help in increasing the annual fish production by 3.9 million tonnes at the end of the six-year period. It will create 3.5 million direct jobs. The board will be set up under the Societies Registration Act, 1960.