Why in news?
The Union Cabinet has given its approval for implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
Pradhan Mantri Matsya Sampada Yojana (PMMSY)
- PMMSY is a scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India under two components namely, Central Sector Scheme (CS) and Centrally Sponsored Scheme (CSS).
- The Scheme will be implemented during a period of 5 years from FY 2020-21 to FY 2024-25 established under the Department of Fisheries
- Nodal Ministry: Ministry of Fisheries, Animal Husbandry and Dairying. – The new ministry was formed on May 2019 in order to promote the allied farm sector that has huge potential to help achieve the government’s target of doubling farmers’ income by 2022.
Major Benefits of PMMSY
- Address the critical gaps in the fisheries sector and realize its potential.
- Augmenting fish production and productivity at a sustained average annual growth rate.
- Improving availability of certified quality fish seed and feed, traceability in fish and including effective aquatic health management.
- Creation of critical infrastructure including modernisation and strengthening of value chain.
- Creation of direct gainful employment opportunities to about 15 lakh fishers, fish farmers, fish workers, fish vendors and other rural/urban populations in fishing and allied activities.
- Boost to investments in fisheries sector and increase of competitiveness of fish and fisheries products.
- Social, physical and economic security for fishers and fish workers.
Details of Implementation
- Central Sector Scheme (CS) – The entire project/unit cost will be borne by the Central government (i.e. 100% central funding).
- The Centrally Sponsored Scheme (CSS) Component is further segregated into Non-beneficiary oriented and Beneficiary orientated subcomponents/activities under the following three broad heads: Enhancement of Production and Productivity, Infrastructure and Post-Harvest Management and Fisheries Management and Regulatory Framework.
- For the Centrally Sponsored Scheme (CSS): cost will be shared between Centre and State.