Kochi : For those interested to make fishes a profitable way of life, the Kochi -based Fisheries Institute will launch a Rs. 15 crore cage farming project in the state.
The Central Marine Fisheries Research Institute (CMFR) said the scheme will take-off with 500 cage farming units. Those interested to set up their own cultures will be offered subsidy and technical support, officials said.
Subsidy will cover up to 40 percent of total costs, an official said. Women and members of SC/ST category will get upto 60 percent in subsidy. The project is being funded by national fisheries Development Board (NFBD), Hyderabad.
The programme comes at a time when Kerala wakes up to ammonia and formalin contamination in fish loads arriving from other states in lean times. Trawling has led to shortage of fishes which is being catered to by these semi-poisoned consignments other states.
The scheme will be implemented in coastal districts of the state. Species to be cultured include sea bass, pearl spot, cobia, pompano and red snapper.
Select species will be farmed in cages measuring 4 metre width and 3 metre in depth.
Those interested to attempt the project can register with Mariculture Division of CMFRI in Kochi.
Applicants should have water resources that will measure minimum three metre during low tide.
Approvals will follow after review team inspects the spot and ensures favourable conditions for cage farming.