- To organize all the traditional fishermen who are engaged in deep sea fishing operations.
- To encourage and promote thrift and savings culture and also mutual help among members.
- To build awareness among the members about the new fishing grounds and techniques and impart training in the subject.
- To avail and access fishing equipments at reasonable cost.
- To involve in frontline marketing avoiding middlemen-moneylender nexus and bargain for a justifiable and fair prices for the fish landings.
- To compensate fishermen during loss of life, equipments and belongings.
- To work for the social, economic, educational and overall integrated development of the fishing community in general.
- To work for the welfare of the members.
- To help members with litigation and other legal matters.
- To engage in the protection of coastal environment, conservation of marine ecosystems and preservation of natural resources.