Economic viability of Aqua-Model Village Scheme: a case study in West Tripura District

Abstract

The Aqua-Model Village Scheme (AMVS) was a concerted effort by Government of Tripura for development of fisheries in the state. The economic viability of AMVS implemented by Department of Fisheries, Government of Tripura during 2004-‘05 to 2010-‘11 was evaluated based on the responses of 80 farmers from both the adopted and non-adopted villages. Standard tools for economic evaluation were used for assessment of economic viability. The extent of adoption of recommended package of practices by the villages under AMVS indicated high adoption. Gross and net income was substantially higher in adopted villages compared to non-adopted villages indicating higher return of investment per hectare of scheme area compared to non-adopted villages. The results indicated the scheme was economically viable with net present value (NPV) of ` 312.43 lakhs, benefit cost (B-C) ratio of 1.35 at 15% discount rate and internal rate of return (IRR) of 53%. The scheme also remained viable with increase in costs by 10% and decrease in benefits by 20% under simulated scenarios. Therefore, the scheme may be replicated in similar area for the development of fisheries which in turn will help in increasing the income status of rural poor and also improve the nutritional security in the country.