Q. With reference to Palk Bay Scheme, consider the following statements:
1. It is a centrally sponsored scheme.
2. It is a scheme specific to only Tamil Nadu.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Both statements are correct. 

  • Palk Bay Scheme is also known as Scheme for Diversification Of Trawl Fishing Boats From Palk Straits Into Deep Sea Fishing Boats. The scheme was launched by the Government of India in 2017 as a Centrally sponsored scheme. 
  • It is a Tamil Nadu-specific scheme aimed at providing 2,000 vessels in three years to fishermen of the State and motivating them to abandon bottom trawling. 

Source: Article