The Rs five crore project would be undertaken by the Fisheries Department under NABARD Rural Infrastructure Development Fund.
The 100-metre long jetty would beconstructed along with a 300-meter concrete road to connectthe main road to the jetty.
Speaking after the function yesterday, Jain said work on the project would begin soon and another Rs five crore would be granted for the extension of the jetty.
The state government was also considering the proposal to grant diesel at a subsidised rate to around 100 boats in Dakshina Kannada and Udupi districts, which was pending before the cabinet, he said.
Oscar Fernandes MP and J R Lobo MLA were present at the function.