WHY IN THE NEWS?

• The first-of-its-kind, dedicated fisheries business incubator has been inaugurated in Gurugram of Haryana to nurture fisheries start-ups under real market-led conditions.
• The incubator is known as LINAC- NCDC Fisheries Business Incubation Centre (LlFlC). It was inaugurated by the Union Minister of Fisheries, Animal Husbandry and Dairying, Shri Parshottam Rupala.
• The centre has been established at a cost of Rs. 3.23 crore under the central flagship Pradhan Mantri Matsya Sampada Yojana (PMMSY).
• The National Cooperative Development Corporation (NCDC) is the implementing agency for the LIFIC.
• The first batch of ten incubators from four states (Bihar, Himachal Pradesh, Gujarat and Maharashtra) have already been identified.