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Type : Other Article

Resource Transformation and Social Profitability in Small Scale Aqua-Enterprises: Case Studies

Biswajit Debnath, R.S. Biradar and Rahul Singh

Abstract

Aqua-entrepreneurs are the key factor for aquaculture growth in the developing country like India. The study analyses and descriptively compares the economic strength of transforming local non-marketable resources into marketable outputs by two selected aqua-entrepreneurs. The study also emphasized on the larger social and ecological profits they create in the process. The objective was accomplished using Resource Cost Ratio (RCR) approach wherein RCR value reflects the economic strength of converting non-marketable resources to marketable output. RCR values (2004-05) of Sarkar Matsya Prakalpa (SMP) and Deepak Roy’s Aqua-farm (DRA) were found to be 0.44 and 0.76 respectively. Study reveals that DRA was more efficient and profitable than SMP in terms of profit over private as well as social costs. The SMP is a small but better organized farm showing higher profit per unit area as compared to DRA. Overall, both are innovative and unique to efficiently transform the local human and material resources to create economically viable and socially desirable outputs

Keyword: Aquaculture; aqua-entrepreneurs; resource transformation; resource cost ratio, social profitability.

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