To assist sustainable financing for hilsa conservation, ECOFISH in coordination with DoF, established a sustainable financial structure for hilsa fisheries development thereby ensuring economic emancipation of the fishermen.
Creating this permanent mechanism of the revolving fund named “Hilsa Conservation and Development Fund (HCDF)” has been a notable legacy of the ECOFISH activity. ECOFISH deposited an initial funding of US$500,000 after formally approval of the “Operational Guidelines” of the fund management by the Ministry of Fisheries and Livestock. This fund will contribute in the sustainable conservation and development of hilsa fisheries and in promoting the financial status of the poor fishermen community. Co-management committees would be integrated with that system by undertaking the initiatives like livelihood support to the poor fishermen, incentives to community fish guards following the approved operational guidelines of the fund.
1.3.2 - Increased livelihood opportunities
3.2.1 - More productive and equitable management of natural resources
Policy/Investment Type: Budget or Investment (Amount: 500000$)
Whose policy is fixed? Public Sector
Level of Maturity: Level 2 - Policy/Law etc. Enacted
This work was undertaken as part of the CGIAR Research Program on Fish Agri-Food Systems (FISH) led by WorldFish. The program is supported by contributors to the CGIAR Trust Fund. Funding support for this work was provided by United States Agency for International Development (USAID) as part of the Enhanced coastal fisheries in Bangladesh (ECOFISH) project.