T.N. Budget | Coastal resources to be restored; conservation fund to protect endangered species

Tamil Nadu unveils TN-SHORE scheme to restore coastal resources, focusing on biodiversity, livelihoods, pollution control, and Blue Economy.

The Tamil Nadu government, on February 19, 2024, unveiled TN-SHORE (Neithal Meetchi Iyakkam), a scheme to restore coastal resources across 14 districts of the State, spanning 1,076 km, to be implemented at an estimated cost of ₹1,675 crore

“The enhancement of coastal biodiversity, coastal protection, improving livelihoods of coastal communities and pollution control in coastal areas are the four major aims of this mission,” said Finance Minister Thangam Thennarasu, while presenting the State Budget in the Legislative Assembly.

The Minister said this initiative would capitalise on the potential of the ‘Blue Economy’, and would primarily focus on the restoration of mangroves, coral reefs, and salt marshes.

“Work to conserve mangroves and revive coral reefs at the Kariyachalli Islands in the Gulf of Mannar will be undertaken. Additionally, work is underway to establish a sprawling botanical garden in Kadambur, Chengalpattu, spanning 137 acres, at a cost of ₹345 crore, in collaboration with London Kew Gardens,” he said.

Mr Thennarasu also announced the government’s decision to establish a Tamil Nadu Endangered Species Conservation Fund with a corpus of ₹50 crore.

“The fund will be constituted with government contribution of ₹5 crore in the first phase, along with contribution from government entities, donations under corporate social responsibility initiatives, national and international funds. This Fund will help in the formulation of new schemes to protect endangered and critically endangered species,” he said.

The Minister said that although Tamil Nadu was known for its rich biodiversity among States in the country, certain endangered species were on the verge of extinction in the world due to the vagaries of climate change. “The need for conservation of these species has been stressed upon by many agencies including the International Union for Conservation of Nature (IUCN),” he added.