One of the projects in pipeline for approval of USD300 million from the World Bank is the Blue Revolution Program. The financing instrument is a Program-for-Results (PforR) Financing and the feature of this instrument is using a country’s own institutions and processes, and linking disbursement of funds directly to the achievement of specific program results. PforR instrument supports government programs and leverages the World Bank development assistance by encouraging partnerships and aligning development partner goals and results. In 2017, the GoI rolled out an umbrella scheme Blue Revolution to ensure more focused development and management of the fisheries sector. Blue Revolution was expected to close in 2020-21, but the government of India has announced a continuation and expansion of the Blue Revolution program, being established under a new name, the Prime Minister’s Fisheries Resources Program (PMMSY). During 2017-20, the Blue Revolution program had already spent about US$900 million (including contribution from both the central and state governments) and has a budget of US$200 million during 2020-21. The program also facilitated an additional indicative investment level of about US$990 million from the private sector (including from leveraging the Fisheries and Aquaculture Infrastructure Development Fund, FIDF). Total estimated cost of PMMSY (2021-25) public investments is approximately US$2.17 billion with an additional indicative investment level of about US$760 million from the beneficiaries, over a five-year period. The proposed project seeks to support India to achieve increases in fisheries sector productivity with due consideration to resource efficiency and sustainability. But it seems from the project document the agenda of privatisation in the fisheries sector is embedded in the project, The project will focus on improving the incentives and enabling environment for larger private sector investment in freshwater aquaculture and mariculture. The program will also facilitate the crowding-in of additional private sector investment into the fisheries sector, which dovetails with the CPF’s catalytic How on maximizing finance for development by leveraging the private sector. It is also interesting to note that Disbursement Linked Indicators(DLI) for the project will include improved conditions for private-sector investment along with others. Activists, fishworkers and coastal communities have already been talking about the ocean grabbing in the name of blue economy. The blue growth policy designs offer market-based mechanisms, commodification of the oceans and are yet are being advocated as the only sustainable’ option. World Bank has been at the forefront of the pushing growth of blue economy. The bank has set up PROBLUE is a new Multi-Donor Trust Fund to support the development marine and coastal resources. PROBLUE is part of the World Bank’s overall blue economy program, which is worth around $5.6 billion in active projects, as of March 2020. Blue Economy Development Framework by the World Bank outlines the trajectory for growth of blue economy in coastal and island countries with lower and lower-middle income levels, for whom oceans represent a significant jurisdictional area and a source of opportunity. The World Bank Group (WBG) is engaged in providing capital, convening services and technical assistance which it claims will help countries unlock the potential of sustainably managed aquatic ecosystems and grow the blue economy. In April 2020, approved the first phase of this multi-phase approach (MPA) will provide $180 million for Enhancing Coastal and Ocean Resource Efficiency (ENCORE). In Phase 1, ENCORE will cover eight coastal states (Andhra Pradesh, Gujarat, Goa, Karnataka, Kerala, Odisha, Tamil Nadu, and West Bengal) and three coastal Union Territories (Daman and Diu, Lakshadweep, and Puducherry), where coastal resources are under significant pressure. The program’s key areas of support are based on the experience and results achieved in the ongoing World Bank-supported Integrated Coastal Zone Management Project (ICZM) pilot work in Gujarat, Odisha, and West Bengal.