This post was originally published on The Economic Times
The Union Budget 2026-27, tabled by Finance Minister Nirmala Sitharaman in Parliament on Sunday, strongly focused on uplifting the livestock and marine sector with measures such as strengthening the fisheries value chain, a credit-linked subsidy programme for the animal husbandry sector, and basic duty cuts for raw materials.The industry welcomed these initiatives as much-needed government support and expects their proper implementation soon.
Under the initiatives for increasing farmer incomes, Sitharaman announced that the government will undertake initiatives “for integrated development of 500 reservoirs and Amrit Sarovars and strengthen the fisheries value chain in coastal areas and enable market linkages involving start-ups and women-led groups together with Fish Farmers Producer Organisations”.
She also announced that fish caught by an Indian fishing vessel in the exclusive economic zone (EEZ) or on the high seas will be made free of duty. Landing of such fish at foreign ports will be treated as export of goods, and there will be safeguards in place to prevent misuse during fish catch, transit and transshipment.
Divya Kumar Gulati, Chairman, CLFMA (Compound Livestock Feed Manufacturers Association) of India, said that the focus on developing 500 reservoirs and
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