Recently, the Ministry of Fisheries, Animal Husbandry & Dairying has discussed the technical challenges in the implementation of the Aquaculture Crop Insurance scheme for Shrimp and Fish farming under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme.
GS II- Government Policies and Interventions
Dimensions of the Article:
- About Pradhan Mantri Matsya Sampada Yojana
About Pradhan Mantri Matsya Sampada Yojana
- Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched in 2020 to bring about Blue Revolution through the sustainable development of the fisheries sector over a period of five years (2020-2025).
- It is an umbrella scheme to develop the fisheries sector with a total outlay of Rs. 20050 crores.
It has two components
- The Central Sector Scheme (CS) component with a non-beneficiary-oriented scheme and a Beneficiary oriented scheme (Central Assistance for General Category – 40%; SC/ST/Women – 60%).
- A Central Sponsored Scheme (CSS) component also with a non-beneficiary-oriented scheme and Beneficiary oriented scheme. The different break-ups of funding are: Central Assistance for Northeastern States – 90%, Other States – 60%; and UTs – 100%.
The areas expected to be covered by the PMMSY are:
- Fish production
- Fisheries productivity
- Quality of fisheries and aquaculture sectors
- Post-harvest infrastructure and management
- Modernization of value chain
- Welfare of the fishers and fish farmers
- Fisheries management framework
The insurance coverage provided under the PMMSY includes
- Rs.5,00,000/- against accidental death or permanent total disability,
- Rs.2,50,000/- for permanent partial disability
- Hospitalization expenses in the event of accident for a sum of Rs. 25,000/-.
The objectives of the PMMSY are:
- Develop fisheries and aquaculture sectors.
- Harness the potential of fisheries sector in a sustainable, responsible, inclusive and equitable manner
- Efficient use of land and water resources to enhance fish production and productivity.
- Modernize value chain considering post-harvest management and quality improvement.
- Double fishers and fish farmers’ incomes
- Generate employment in the fisheries sector.
- Enhance fisheries sector’s contribution to overall agricultural Gross Value Added (GVA) and exports.
- Provide social, economic and physical security to fish farmers and fishermen.
- Develop a robust fisheries management and regulatory framework.