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Pradhan Mantri Matsya Sampada Yojana

Focus: GS II- Government Policies and Interventions

Why in News?

Recently, Pradhan Mantri Matsya Sampada Yojana (PMMSY) accomplishes  its successful second anniversary.

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%).
  • 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 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.

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September 2022
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