(The Gist of PIB) Pradhan Mantri Matsya Sampada Yojana

Pradhan Mantri Matsya Sampada Yojana

The Union Cabinet has given its approval for implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) – a scheme to bring Blue Revolution through sustainable and responsible development of the fisheries sector in India.

The Scheme will be implemented during a period of 5 years from FY 2020-21 to FY 2024-25.
The PMMSY will be implemented as an umbrella scheme with two separate Components namely Central Sector Scheme (CS) and Centrally Sponsored Scheme (CSS).
Under the Central Sector Scheme Component an amount of 1720 crores has been earmarked.
Under the Centrally Sponsored Scheme (CSS) Component, an investment of 18330 crores has been envisaged, which in turn is segregated into Non-beneficiary oriented and Beneficiary orientated sub-components/activities under the following three broad heads: Enhancement of Production and Productivity, Infrastructure and Post-Harvest Management and Fisheries Management and Regulatory Framework.
For optimal outcomes, ‘Cluster or area-based approach’ would be followed with requisite forward and backward linkages and end to end solutions.
Collectivization of fishers and fish farmers through Fish Farmer Producer Organizations (FFPOs) to increase the bargaining power of fishers and fish farmers is a key feature of PMMSY.

Augmenting fish production and productivity at a sustained average annual growth rate of about 9% to achieve a target of 22 million metric tons by 2024-25.
Creation of direct gainful employment opportunities to about 15 lakh fishers, fish farmers, fish workers, fish vendors, etc.
Doubling of fishers, fish farmers, and fish workers’ incomes by 2024.