First Tripartite MoA signed under FIDF

Published on December 24, 2019
Current context: The first tripartite Memorandum of Agreement (MoA) was signed under the Fisheries and Aquaculture Development Fund (FIDF) on 23rd Dec 19.
First Tripartite MoA signed under FIDF 
  • The tripartite MoA was signed between i) The National Bank for Agriculture and Rural Development (NARBARD) ii) The department of Fisheries, Government of India iii) Government of Tamil Nadu.
  • The agreement was signed for the implementation of the Fisheries and Aquaculture Development Fund (FIDF).
  • A dedicated fund with a total of Rs. 7522.48 crore has been created namely FIDF for addressing the infrastructure requirement for the fisheries sector.
  • NABARD as one of the Nodal Loaning Entities (NLEs) will provide concessional finance for the development of fisheries infrastructure facilities under the FIDF, after the execution of the Tripartite MoA.
  • The Tripartite MoA will allow the Government of Tamil Nadu for availing the initial concessional finance of Rs 420 crore from NARBARD for development of three fishing harbours in the State:
    1. Tharangampadi in Nagapattinam District
    2. Thiruvottriyur Kuppam in Tiruvallur District
    3. Mudhunagar in Cuddalore District
  • Union Minister for Fisheries, Animal Husbandry and Dairying: Giriraj Singh
  • State Minister of Fisheries, Animal Husbandry and Dairying: Sanjeev Kumar Balyan.

Question: 

Q.1 Recently, the first tripartite Memorandum of Agreement (MoA) is signed under the Fisheries and Aquaculture Development Fund (FIDF) between?
a. NARBARD, Department of Fisheries and Government of Andhra Pradesh
b. NARBARD, Department of Fisheries and Government of Tamil Nadu
c. NARBARD, Department of Fisheries and Government of Odisha
d. NARBARD, Department of Fisheries and Government of Kerela

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