The World Bank Implementation Status & Results Report Fisheries Sector COVID-19 Recovery Project (P174798) Fisheries Sector COVID-19 Recovery Project (P174798) SOUTH ASIA | India | Environment, Natural Resources & the Blue Economy Global Practice | IBRD/IDA | Investment Project Financing | FY 2022 | Seq No: 3 | ARCHIVED on 03-Oct-2023 | ISR57829 | Implementing Agencies: Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, INDIA, National Fisheries Development Board Key Dates Key Project Dates Bank Approval Date: 17-Jun-2022 Effectiveness Date: -- Planned Mid Term Review Date: 30-May-2025 Actual Mid-Term Review Date: Original Closing Date: 30-Jun-2027 Revised Closing Date: 30-Jun-2027 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To support the fisheries sector recovery with expanded access to working capital and insurance, improved fisheries value-chains, and enhanced fish product safety. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Facilitating Working Capital Finance and Risk Management for Fisheries Sector Microenterprises:(Cost $198.98 M) Supporting Microenterprises to Improve Efficiencies of Fisheries Sector Value Chains:(Cost $277.65 M) Adoption and Expansion of Fish Product Quality and Safety Assurance Systems:(Cost $200.52 M) Project Management, Monitoring and Reporting:(Cost $12.21 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Unsatisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The project is yet not effective. The Loan Agreement will be signed once the project is reviewed and approved by the Government of India Cabinet Committee on Economic Affairs (CCEA). The project had earlier received approval of the Expenditure Finance Committee (EFC) of the Government of India, following which the World Bank Board approved the project on June 17, 2022. 10/3/2023 Page 1 of 7 The World Bank Implementation Status & Results Report Fisheries Sector COVID-19 Recovery Project (P174798) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Moderate Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Substantial Substantial Substantial Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other Low Low Low Overall Moderate Moderate Moderate Results PDO Indicators by Objectives / Outcomes Project Level IN01341357 ►Fisheries sector microenterprises supported to access working capital or insurance products (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 32,000.00 32,000.00 32,000.00 640,000.00 Date 01-Sep-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Microenterprises directly supported to: (i) access and receive working capital financing from GOI Comments: schemes; or (ii) buy insurance cover under the market insurance scheme established by the project. IN01341358 ►Cluster and product-specific business plans for fisheries sector value-chains assessed satisfactory and supported with Performance Grants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,700.00 Date 01-Sep-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 A Full Grant Application accepted for Performance Grant from an aggregator (or 25 individual Comments: microenterprises) is a cluster and product-specific business plan. IN01341359 10/3/2023 Page 2 of 7 The World Bank Implementation Status & Results Report Fisheries Sector COVID-19 Recovery Project (P174798) ►Safe fish products supplied by micro- and small enterprises supported by the Project (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 400,000.00 Date 01-Sep-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 The volume of safe fish product verified by sample testing by accredited laboratories, inspection and third- Comments: party verification. IN01341360 ►Target micro- and small enterprises satisfied on project interventions (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 80.00 Date 01-Jan-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Fisheries sector enterprises that access any or more of the project support and report the “quality” of Comments: service delivery is satisfactory or higher. Intermediate Results Indicators by Components C1. Facilitating Working Capital Finance and Risk Management for Fisheries Sector Microenterprises IN01341361 ►Fisheries Sector Microenterprises registered with National Fisheries Sector Digital Platform (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 34,000.00 34,000.00 34,000.00 2,000,000.00 Date 01-Jan-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Comments: Data will be disaggregated by gender and age cohorts. IN01341365 ►Working Capital accessed by the Fisheries Sector Microenterprises (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 44,770,000.00 Date 01-Jan-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Comments: Support includes demand and supply side facilitation for accessing relevant schemes (KCC, MUDRA). IN01341368 ►Area of aquaculture production covered under Market Insurance Products (Hectare(Ha), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100,000.00 10/3/2023 Page 3 of 7 The World Bank Implementation Status & Results Report Fisheries Sector COVID-19 Recovery Project (P174798) Date 01-Jan-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Aggregate coverage of insurance products established by the Project including those receiving incentive Comments: grants for purchasing insurance. IN01341370 ►Beneficiaries of job-focused interventions (Number, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 540,000.00 Date 01-Jul-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 IN01341372 Beneficiaries of job-focused interventions - Female (Number, Corporate Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 150,000.00 C2: Supporting Microenterprises to Improve Efficiencies of Fisheries Sector Value Chains IN01341362 ►Employment in Value Chains where capacity building and bankable business plans are prepared (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 148,000.00 Date 01-Jul-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Measures preservation of jobs or augmentation of income of employees of microenterprises in value Comments: chains, including recipients of performance grants. IN01341373 ►Jobs created in the microenterprises who are part of value chains supported for improved efficiency (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90,000.00 Date 01-Sep-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Measures creation of jobs in microenterprises supported with performance grants or other capacity Comments: building activities of the value chains. IN01341374 Of the above, job created for women (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 40,000.00 IN01341375 ►Investment leveraged in Fisheries Sector Microenterprises, Producers’ Alliances and Value Chains (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 107,950,000.00 10/3/2023 Page 4 of 7 The World Bank Implementation Status & Results Report Fisheries Sector COVID-19 Recovery Project (P174798) Date 01-Jan-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Quantum of commercial financing accessed by various value chain entities supported including by Comments: performance grants. IN01341376 ►Net greenhouse gas (GHG) emissions (Metric tons/year, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 -139,995.00 Date 01-Jul-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Project net greenhouse gas (GHG) emissions are calculated as an annual average of the difference between project gross (absolute) emissions aggregated over the economic lifetime of the project and the Comments: emissions of a baseline (counterfactual) scenario aggregated over the same time horizon. They are reported in metric tons of carbon dioxide equivalent per year. C3: Adoption and Expansion of Fish Product Quality and Safety Assurance Systems IN01341363 ►National, Regional and State-level Dialogue events supported by the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 25.00 Date 01-Jul-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Comments: Dialogue events will be documented, and recommendations disseminated publicly. IN01341366 ►Jobs created in micro- and small enterprises supported to adopt safety and quality assurance systems and processes (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 80,000.00 Date 01-Sep-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Measures the new jobs created in the micro- and small enterprises supported including by performance Comments: grants. IN01341369 Of the above, jobs created for women (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 35,000.00 IN01341371 ►Investment leveraged in Sector Micro-and Small Enterprises for Safe and Quality Fish Products (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 67,570,000.00 Date 01-Jul-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 10/3/2023 Page 5 of 7 The World Bank Implementation Status & Results Report Fisheries Sector COVID-19 Recovery Project (P174798) Measures the total parallel financing (equity and loan) obtained by the enterprises supported including by Comments: performance grants. Component 4: Project Management, Monitoring and Reporting IN01341364 ►Effective MIS and M&E systems established (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 01-Sep-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Effective MIS denotes fully functional system hat generates periodic reports on key project parameters to Comments: inform decision making and project implementation. IN01341367 ►Grievances addressed (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 90.00 Date 01-Sep-2021 23-Sep-2022 11-Sep-2023 30-Jun-2027 Comments: This indicator measures the transparency and accountability mechanisms established by the project. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P174798 IBRD-94190 USD 150.00 150.00 0.00 0.00 150.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P174798 IBRD-94190 17-Jun-2022 -- -- 30-Jun-2027 30-Jun-2027 Effective Cumulative Disbursements 10/3/2023 Page 6 of 7 The World Bank Implementation Status & Results Report Fisheries Sector COVID-19 Recovery Project (P174798) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 10/3/2023 Page 7 of 7