Pradhan Mantri Matsya Sampada Yojana

DETAILS The scheme "Pradhan Mantri Matsya Sampada Yojana (PMMSY)" was launched by the Department of Fisheries; Ministry of Fisheries, Animal Husbandry, and Dairying; to bring about ecologically healthy, economically viable, and socially inclusive development of the fisheries sector of India.  PMMSY shall bring about Blue Revolution through sustainable and responsible development of the fisheries sector in India at a total investment of ₹ 20,050 crore for holistic development of the fisheries sector including the welfare of fishers. PMMSY is implemented in all the States and Union Territories for a period of five years from FY 2020-21 to FY 2024-25. In the Union Budget 2023-24, a new sub-scheme under the PMMSY has been announced with an investment of Rs.6,000 crore to enable activities of fish vendors, fishermen, and micro and small enterprises for improving value chain efficiencies and expanding the market.  Objectives of PMMSY 1. Harness the potential of the fisheries sector in a sustainable, responsible, inclusive, and equitable manner. 2. Enhance fish production and productivity through expansion, intensification, diversification, and productive utilization of land and water. 3. Modernize and strengthen the value chain including post-harvest management and quality improvement. 4. Double fishers and fish farmers’ incomes and generate meaningful employment. 5. Enhance the contribution of the fisheries sector to Agricultural GVA and exports. 6. Ensure social, physical, and economic security for fishers and fish farmers. 7. Build a robust fisheries management and regulatory framework.  Targets of PMMSY  Fish Production and Productivity - 1. Increasing fish production to 22 million metric tons by 2024-25 from 13.75 million metric tons in 2018-19. 2. Enhancing aquaculture productivity to 5 tons per hectare from the current national average of 3 tons. 3. Augmenting domestic fish consumption from 5 kg to 12 kg per capita.  Economic Value Addition - 1. Increasing contribution of the fisheries sector to the Agriculture GVA to about 9% by 2024-25 from 7.28% in 2018-19. 2. Doubling export earnings to ₹ 1,00,000 crores by 2024-25 from ₹ 46,589 crores in 2018-19. 3. Facilitating private investment and growth of entrepreneurship in the fisheries sector. 4. Reduction of post-harvest losses from the reported 20-25% to about 10%.  Enhancing Income and Employment Generation - 1. Generating 55 lakh direct and indirect employment opportunities along the value chain. 2. Doubling the incomes of fishers and fish farmers. BENEFITS Financial assistance for fishing infrastructure: The scheme provides financial assistance to develop fishing infrastructure like fishing harbors, fish landing centers, fish markets, fish feed plants, fish seed farms, and fish processing units. Financial assistance for fish farmers: The scheme provides financial assistance to fish farmers for various activities like the construction of ponds, cages, hatcheries, and nurseries, and for the installation of aeration systems and other equipment. Assistance for fisheries management: The scheme provides financial assistance for the management of fishery resources through the adoption of scientific methods, setting up of fishery management plans, and developing fishery information systems. Credit-linked subsidy for fish farmers: The scheme provides a credit-linked subsidy for fish farmers to encourage them to take up fish farming as a business. Assistance for marketing and export of fish products: The scheme provides assistance for the development of cold chains, fish processing units, and packaging facilities to promote the export of fish products. ELIGIBILITY 1. Fishers. 2. Fish Farmers. 3. Fish Workers and Fish Vendors. 4. Fisheries Development Corporations. 5. Self Help Groups (SHGs)/joint Liability Groups (JLGs) in the Fisheries Sector. 6. Fisheries Cooperatives. 7. Fisheries Federations. 8. Entrepreneurs and Private Firms. 9. Fish Farmers Producer Organizations/companies (FFPOs/Cs). 10. SCs/STs/Women/Differently Abled Persons. 11. State Governments/UTs and Their Entities. 12. State Fisheries Development Boards (SFDB). 13. Central Government and Its Entities.