The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a flagship scheme launched by the Government of India to revolutionize the fisheries sector.
With an emphasis on sustainable and responsible fishing practices, the scheme aims to increase fish production, create employment opportunities, and boost the overall economic growth of the country.
Launched in September 2020, this scheme is part of the government’s broader Atmanirbhar Bharat initiative.
What is Pradhan Mantri Matsya Sampada Yojana?
Pradhan Mantri Matsya Sampada Yojana is designed to address critical gaps in the value chain of the fisheries sector, encompassing production, productivity, quality, technology, post-harvest infrastructure, and marketing.
The scheme targets both inland and marine fisheries, along with aquaculture, aiming for a holistic and sustainable development of the sector.
Objectives of PMMSY
The main objectives of the Pradhan Mantri Matsya Sampada Yojana include:
- Enhancing Fish Production and Productivity: Aiming to increase fish production by an additional 70 lakh metric tonnes by 2024-25.
- Doubling Fishermen’s Income: Through value chain development, better marketing strategies, and fishery exports.
- Job Creation: Creating about 55 lakh direct and indirect jobs in the fisheries sector and allied activities.
- Sustainable Development: Focusing on the sustainable management and conservation of aquatic resources.
- Enhancing Fishers’ Welfare: Providing fishers and fish farmers with better infrastructure, access to insurance, and financial assistance.
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Key Components of the Scheme
PMMSY is structured around several key components to ensure comprehensive development:
- Infrastructure Development: Establishing fishing harbors, fish landing centers, and cold storage facilities.
- Technology Upgradation: Introducing modern technology in fishing, breeding, and aquaculture.
- Marketing and Branding: Developing a robust marketing network to ensure better prices for fish and fishery products.
- Conservation Measures: Promoting eco-friendly practices, sustainable aquaculture, and the conservation of aquatic biodiversity.
Financial Outlay
The total estimated investment for PMMSY is Rs. 20,050 crore for its implementation over a period of five years (2020-2025).
This includes both Central and State government contributions, as well as beneficiary contributions.
The scheme is expected to bring about significant improvement in fish production and productivity, contributing to the doubling of farmers’ incomes and achieving self-sufficiency in fishery products.
Overview Table of Pradhan Mantri Matsya Sampada Yojana
| Component | Details |
|---|---|
| Launch Year | 2020 |
| Total Financial Outlay | Rs. 20,050 crore |
| Implementation Period | 2020-2025 |
| Target | Additional 70 lakh metric tonnes of fish production by 2024-25 |
| Employment Creation | 55 lakh direct and indirect jobs |
| Focus Areas | Infrastructure, Technology Upgradation, Marketing, Conservation |
| Beneficiaries | Fishermen, Fish Farmers, Fishery Cooperatives, Fishery Entrepreneurs |
How Does PMMSY Benefit Fishermen and Fish Farmers?
The Pradhan Mantri Matsya Sampada Yojana offers numerous benefits to fishermen and fish farmers, including:
- Financial Assistance: The scheme provides subsidies and loans for fish farming, fishing vessel upgradation, and post-harvest infrastructure.
- Insurance Coverage: Fishers receive insurance cover for accidents and damage to fishing vessels.
- Market Access: Improved market infrastructure ensures better access to domestic and international markets.
- Training and Skill Development: Training programs are conducted to improve the skills of fishers and fish farmers, enabling them to adopt modern practices.
Conclusion
Pradhan Mantri Matsya Sampada Yojana is a game-changer for the fisheries sector in India. By focusing on sustainable practices, infrastructure development, and technological advancements, the scheme aims to elevate the sector to new heights.
As we move closer to 2025, the impact of this initiative is expected to be profound, leading to increased fish production, higher incomes for fishers, and significant contributions to India’s economy.
If you’re involved in the fisheries sector or considering venturing into it, the Pradhan Mantri Matsya Sampada Yojana could be your key to success in 2024 and beyond.
Check the official website for more information related to PMMSY.