Cabinet Committee on Economic Affairs (CCEA) has given its approval for implementation of an umbrella scheme for integrated development and management of fisheries. The scheme will be implemented at an outlay of 3,000 crore rupees, for a period of five years. <br/><br/>It will cover development and management of inland fisheries, aquaculture, marine fisheries and all activities undertaken by the National Fisheries Development Board (NFDB) towards realizing Blue Revolution. The scheme aims development and management of fisheries and aquaculture sector to ensure a sustained annual growth rate of 6 to 8 percent. It will be implemented in all the States including North East States and Union Territories. <br/><br/>The CCEA also approved investment of 5 thousand crore rupees by Oil and Natural Gas Company Limited (ONGC) into the equity share capital of ONGC Videsh. The approved investment will strengthen the capital base of ONGC Videsh. It will enhance the ability of ONGC to undertake overseas Exploration and Production business, thereby improving the energy security of the country.