Pradhan Mantri Matsya Sampada Yojana launched

Pradhan Mantri Matsya Sampada Yojana (PMMSY) has been approved by the cabinet with an investment of Rs 20,000 crore. The yojana aims to bring about Blue Revolution through sustainable and responsible development of fishery sector. Central share will be 9,407 crore rupees, State share of Rs. 4,880 crore and beneficiaries’ share of Rs 5,763 crore. It will be implemented for 5 years (2020-21 to 2024-25) creating employment with other facilities boosting fishery in India.

Pradhan Mantri Matsya Sampada Yojana

The scheme was announced by the Government in its Union Budget, 2019-20.

It is a scheme to bring about the Blue Revolution through sustainable and responsible development of the fisheries sector in India.

Implementation strategy

The PMMSY will be implemented as an umbrella scheme with two separate components namely:

1. Central Sector Scheme (CS)
2. Centrally Sponsored Scheme (CSS)

Central Sector Scheme (CS):

• The entire project/unit cost will be borne by the Central Government (i.e. 100% central funding).
• Wherever direct Beneficiary oriented, i.e. individual/group activities are undertaken by the entities of central Government including National Fisheries Development Board (NFDB)
• the central assistance will be up to 40% of the unit/project cost for General category and 60% for SC/ST/Women category

Centrally Sponsored Scheme (CSS)

The entire project/unit cost will be shared between Centre and State as detailed below:

• North Eastern & Himalayan States: 90% Central share and 10% State share.
• Other States: 60% Central share and 40% State share.
• Union Territories (with the legislature and without legislature): 100% Central share.

Aims and objectives of PMMSY

• We are harnessing of fisheries potential in a sustainable, responsible, inclusive and equitable manner.
• Enhancing of fish production and productivity through expansion, intensification, diversification and productive utilization of land and water
• Modernizing and strengthening of the value chain – post-harvest management and quality improvement
• Doubling fishers and fish farmers incomes and generation of employment
• Enhancing contribution to Agriculture GVA and exports
• Social, physical and economic security for fishers and fish farmers
• Robust fisheries management and regulatory framework

UPSC