The Department of Fisheries and Aquatic Resources, in partnership with the Agricultural and Agrarian Insurance Board, has introduced a new pension scheme for fishermen. 

The scheme allows fishermen to contribute based on their financial capacity and personal preferences, with options for monthly pensions of Rs. 5,000 to Rs. 25,000 or more after age 60. 

The pension amounts will increase at various age brackets, ensuring better support in later years. 

Contributors also receive life insurance benefits, and the pension is transferred to their spouses upon their death.