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.
The PMMSY will be implemented as an umbrella scheme with two separate components namely:
Central Sector Scheme (CS):
Centrally Sponsored Scheme (CSS)
The entire project/unit cost will be shared between Centre and State as detailed below:
Aims and objectives of PMMSY
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