Fish is one of the favorite items on the food menu of almost 60 % of Indians. India is one of the largest fish-producing country in the world and shares 7.58% of the global production and China is the largest producer of fish products providing 62% of total fish products. Presently the main source of fish is from the sea. Gradually the global fish harvest from the sea is decreasing rapidly. So the market demand is always high for fish items.
The only way to meet the fish requirement is to rear the fish in the farms. Along with growing vegetables, and fruits farmers can look up for fish farming. It is zero investment and zero technical knowledge business. It doesn't require any special treatment and setup for fish. It will generate additional income for farmers. Today every farmer constructs an irrigation water tank or pond for their crops. They can rear the fishes in the same tank. With a good business plan and decision, we can convert this opportunity into a successful business plan.
Advantages of fish farming:
· Fish and fish products have huge demand. Fish is one the most common and favorite item on the menu of more than 60% of Indian people.
· Market demand and price are always high in fish and fish-related products.
· Indian climate is very suitable for fish production and fish growing business.
· It is a zero investment business. Various types of easy pond water sources are available. Fill the pond with water from the nearest source.
· There are various types of fast-growing fish species are available. These fast-growing species ensure a rapid return for farmers.
· It is a profitable and riskless business. It doesn't demand any special requirement.
· A commercial fish farm can create new income and employment opportunities. Unemployed and less educated people also can start raising fish.
· It is like a part-time job for farmers. People can do it with their main occupation or job without impacting their regular work.
· To encourage the fish farmers, the Government is providing financial support in the form of subsidies. By seeing the high demand for fish in the global and local market, Government of India introduced Pradhan Mantri Matsya Sampada Yojana ( PMMSY) IN 2019. Under this scheme, government is providing 100% subsidies.