COMPARATIVE ANALYSIS OF GOVERNMENT AND PRIVATE SECTOR CREDIT PROGRAMS FOR FISHERIES DEVELOPMENT

Abstract

The abstract is a concise summary that provides an overview of the research conducted on government and private sector credit programs for fisheries development. This study aims to analyze and compare the financial support available for fisheries work, specifically focusing on fisher businesses in India. Fisheries play a crucial role in the economic development of countries, contributing to food security, employment generation, and export earnings. However, accessing adequate financial resources can be challenging for fisher folk due to limited access to capital, high-interest rates, and rigid loan terms. Government credit programs have been implemented to address these challenges and provide funding opportunities for fisher businesses. These programs offer subsidized loans with lower interest rates and flexible repayment terms. On the other hand, private sector credit programs focus on attracting investment from commercial banks or microfinance institutions by providing tailored financial services. This study explores the effectiveness of government-funded initiatives and private-sector investments in promoting sustainable growth in fisheries. We can identify strengths and weaknesses in current credit programs by analyzing their regulatory frameworks, interest rates, loan terms, and overall impact on fisher businesses' livelihoods. By understanding these aspects comprehensively through this comparative analysis study, it will be possible to make informed recommendations towards improving existing credit programs or designing new ones that better meet the specific needs of fisher communities.

Keywords: Government Funding, Private Sector Investment, Regulatory Framework, Interest Rates, Loan Terms, Credit Programs, Fisheries Development