– A 50% subsidy on bank loans for setting up mini processing plants.
– MSP of ₹470/kg for tiger prawns (30-count) and ₹400/kg for Vannamei shrimp (30-count).
– Uninterrupted power supply at a subsidized rate of ₹1.50/unit.
– Reduction in feed prices by at least ₹15/kg.
The meeting underscores critical economic challenges faced by Andhra Pradesh’s shrimp aquaculture sector due to international trade dynamics like increased U.S. tariffs. this dependence on limited external markets presents vulnerabilities; diversification efforts targeting South korea and European markets appear promising but will require significant groundwork regarding trade partnerships.
Domestically-focused measures such as introducing shrimp into welfare programs aim not only at increasing consumption but also fostering market resilience against global uncertainties-logical steps towards sustainable growth that align wiht India’s overall emphasis on self-reliance (Atmanirbhar Bharat). However, demands for subsidies and reduced costs reflect deeper systemic struggles within the farming community that may necessitate policy-level intervention for long-term viability.
Adopting these measures could balance short-term relief thru subsidies with strategic approaches like market diversification-both essential components in securing the livelihoods of thousands involved in this sector.