Making Money with Aquaculture: Reducing Poverty

February 11, 2009 by Amaete Umanah
Filed under: Aquaponics, Backyard Aquaponics, Commercial Aquaponics 

General manager of the National Bank for Agriculture and Rural Development M K Mudgal on Saturday said that profitability and not productivity is the need of hour for fish farming.

Addressing the Scientists-Managers Interface Meet at the Central Institute of Freshwater Aquaculture (CIFA), he said that aquaculture has proved to be a weapon in removing poverty and malnutrition in rural areas.

Present on the occasion, CIFA director Dr Ambedkar E Eknath urged the district development managers of the Nabard to work for improving the rural economy by utilising the funds provided by it.

Besides facilitating faster technology adoption by farmers and entrepreneurs, they should also work for generating demand for institutional credit.

As a part of the programme, the DDMs were familiarised with the transferable technologies developed by the institute.

Source: http://www.thefishsite.com/fishnews/8906/money-in-aquaculture-preventing-poverty

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