India, Sept. 28 -- India's aquaculture story is one of sustained growth - greater production, wider participation, and stronger market linkages. But the same factors that drive expansion also amplify risk. Disease, floods, and climatic variability can disrupt an entire aquaculture crop cycle and impose severe financial stress on farmers. PM-MKSSY's aquaculture insurance initiative responds to this reality through a structured framework of risk coverage. For it to deliver at scale, trust between farmers and insurers must be built through transparency, responsiveness, and timely settlement.
Global fisheries and aquaculture production reached a record 235 million tonnes in 2024, comprising 195 million tonnes of aquatic animals. The sector gen...