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Pradhan Mantri Matsya Sampada Yojana

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Bharathi Pradeep
Bharathi Pradeep
Editor at Bharathi covers topics on Competitive exams, How To guides, Current exams, Current Affairs, Study Materials, etc. Follow her on social media using the links below.

What is Pradhan Mantri Matsya Sampada Yojana (PMMSY)?

  • The Pradhan Mantri Matsya Sampada Yojana (PMMSY) was introduced on September 10, 2020, under the Ministry of Fisheries, Animal Husbandry and Dairying.
  • The scheme’s objective is to create the Blue Revolution through the five-year sustainable growth of the fisheries industry (2020-2025).
  • It would be implemented as part of the Aatma-Nirbhar Bharat Package during a five-year period, from FY 2020–21 to FY 2024–25, with an estimated cost of Rs. 20,050 crores.
  • By 2024–2025, PMMSY hopes to increase fish production by an additional 70 lakh tonnes, bringing in Rs. 100,000 crores in earnings from exports of fish.
  • It seeks to double the incomes of fishers and fish growers, lower post-harvest losses from 20 to 25 percent to roughly 10 percent, and create prospects for profitable employment in the industry.
  • It hopes to create an additional 55 lakh opportunities for direct and indirect gainful employment in the fishing industry and related fields

Structure of Pradhan Mantri Matsya Sampada Yojana

The PMMSY is an umbrella programme made up of two distinct programmes, i.e. the Central Sector Program and the Centrally Sponsored Program. A total estimated investment of Rs 20,050 crores has been sanctioned for PMMSY. The investment’s composition is as follows:

  • Central Share: Rs. 9407 billion
  • State Share: Rs 4880 billion
  • Beneficiaries’ share: Rs. 5763 billion

Objectives of The Pradhan Mantri Matsya Sampada Yojana

  • Utilize the potential of the fishing industry in a way that is equitable, ethical, inclusive, and sustainable.
  • Efficient use of water and land resources to increase the productivity and output of fish.
  • Modernize the value chain toward quality enhancement and post-harvest management.
  • It will assist in improving farmers’ costs and double their compensation.
  • In an efficient, competent, thorough, and impartial manner, saddled the fishery’s potential.
  • Enhancing the production and effectiveness of fish through the expansion, augmentation, enlargement, and good use of land and water.
  • Modernizing and strengthening the merit system, post-executive reappointment, and quality enhancement.
  • Increasing devotion to agriculture and increasing GVA and fares by multiplying the incomes and age of work of fishermen and fish ranchers.
  • Fishermen and fish farmers should have social, physical, and financial security.

Benefits of Pradhan Mantri Matsya Sampada Yojana

  • To fully utilise the potential of the fisheries sector and address the major deficiencies.
  • Increasing productivity and fish output at a steady average annual growth rate.
  • The expansion of traceability in fish, the availability of certified-quality fish seed and feed, and the incorporation of efficient aquatic health management.
  • Construction of essential infrastructure, including modernization and value chain enhancement.
  • Creation of 15 lakh chances for direct gainful employment in fishing and related fields for fishermen, fish growers, fish workers, fish traders, and other rural and urban populations.
  • Increased competitiveness of fish and fishery products and an increase in investment in the fishing industry.
    Security on all three fronts for fishermen and fish employees.

Activities under Pradhan Mantri Matsya Sampada Yojana

The Central Sector Scheme (CS) and the Centrally Sponsored Scheme(CSS) are the two distinct components. Under the following three general categories, the Centrally Sponsored Scheme (CSS) Component is further divided into beneficiary- and non-beneficiary-oriented subcomponents/activities:

  • Increased Productivity and Production
  • Administration of Post-Harvest Infrastructure
  • Framework for Fisheries Management and Regulation

Significance of Pradhan Mantri Matsya Sampada Yojana

  • PMMSY accelerates the nation’s development of the food industry which increases GDP, employment, and business.
  • From the farm gate to the retail outlet, this yojana will build advanced infrastructure with effective supply chain management.
  • It will accelerate the growth of the nation’s food processing industry.
  • The growth in fish production is expected to go from 13.75 million metric tonnes (MMT) in 2018–19 to 22 million metric tonnes in 2025.
  • By 2025, the share of the fisheries sector in the agricultural GVA will rise from 7.28% to 9%.
  • Reduction of post-harvest losses from 25% to 10%.
  • This programme aids in reducing the enormous waste of horticulture products.
  • Household fish consumption increased from 5 kg to 12 kg per person.
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Bharathi Pradeep
Bharathi Pradeep
Editor at Bharathi covers topics on Competitive exams, How To guides, Current exams, Current Affairs, Study Materials, etc. Follow her on social media using the links below.

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